DTCC - Senior Credit Risk Associate

Senior Credit Risk Associate

Location: McLean, VA | Dallas, TX | Tampa, FL | Jersey City, NJ

Experience level: Mid-senior

Experience required: 5 Years

Education level: Bachelor's degree

Job function: Finance

Industry: Financial Services

Total position: 1

Relocation assistance: No

Visa: Only US citizens and Greencard holders

Job Description

The Counterparty Credit Risk (CCR) team is primarily responsible for assessing the financial stability of DTCC's member firms by interpreting financial statements of banks, broker-dealers, and other financial firms.

As a Senior Credit Risk Associate within the CCR team, you will be responsible for assessing the creditworthiness of a portfolio consisting of banks, broker-dealers, and other financial institutions.

You will perform annual reviews and ongoing surveillance, review earnings releases, and new member applications. You will also be tasked with maintenance of the credit risk rating matrix, and compliance assessment with established financial parameters.

Responsibilities

• Analyze financial statements to identify credit risks and mitigants, and to assess trends in financial institutions' (e.g., banks, broker-dealers, insurance companies, central securities depositories, etc.) capital adequacy, profitability, asset quality, and liquidity/funding management
• Perform annual reviews and ongoing surveillance of member firms across clearing corporations, to assess the creditworthiness of member firms.
• Participate in gathering requirements for the design of credit risk monitoring tools to further automation and other risk-related initiatives.
• Work with internal departments, including Market Risk, Product Management, Relationship Management, Legal, and Compliance, to maintain transparency when assessing potential risk exposures within member firms.
• Review new member full-service applications to assess whether the applicants' financial condition meets DTCC member requirements.
• Assess whether member firms need to be placed on enhanced surveillance based on newly disclosed material events.
• Adhere to risk-related policies and best practices of CCR.
• Demonstrate the behaviors and competencies that create a risk management mindset in the organization.
• Demonstrate regulatory awareness and compliance and ensure adherence to risk-related policies and best practices.
• Ensure compliance with CCR's policies and procedures.

Qualifications

• Bachelor's degree in Accounting, Finance, Business, or Economics required, MBA or CFA preferred
• Minimum of 5 years' experience in risk management or financial analysis
• Excellent knowledge of financial statement analysis for various financial institutions, particularly banks and broker-dealers
• Fundamental credit analysis skills, including knowledge of CAMELS and other rating systems
• In-depth understanding of regulatory rules and regulations

Additional Qualifications

• Experience in working with new technological initiatives and setting forth business requirements
• Effective communication skills, both oral and written