Associate, Counterparty Credit Risk (Front Office)

Madison-Davis
New York, NY
Full-time

Office Status : Hybrid

Salary : Up to $135,000

Responsibilities :

  • Manage the day-to-day counterparty limit monitoring process by tracking risk metrics against approved limits, addressing limit breaches, and following up on remediation efforts with front-line teams, and other stakeholders across derivatives and cash trading desks.
  • Drive discussions with analytics, model validation, IT, and other stakeholders to track, prioritize, and resolve counterparty credit risk (CCR) issues, improving the overall CCR framework.
  • Lead initiatives to align the firm’s CCR framework with industry best practices and regulatory requirements. Serve as a subject matter expert on SR11-10 and BCBS guidance regarding CCR, drafting relevant policies and procedures.
  • Effectively communicate with team members, senior risk management, and audit on strategies related to open issues, testing results, corrective measures, and closure of audit / regulatory issues.
  • Represent the CCR team in firmwide initiatives, including the RCSA process, new product evaluations, and drafting technical requirements for system enhancements.
  • Identify opportunities for process improvements, aiming to reduce risks, enhance controls, and improve communication across teams.
  • Assist or lead special projects related to departmental strategic initiatives or any other tasks.
  • Develop and maintain strong working relationships with Front Office, Operations, Middle Office, Risk, Legal, Compliance and other stakeholders, ensuring alignment on risk appetite and tools to improve the CCR framework.
  • 9 days ago
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