p>In this role, you will: • Use counterparty subject matter expertise to implement and monitor new frameworks for enhanced counterparty credit risk management • Ensure there are effective processes and rigor with respect to daily, monthly, and quarterly exposure variances and exception validations • Provide on-demand analysis based on market driven events and ad-hoc scenarios • Respond to daily and/or trigger-based market updates on counterparty risk portfolio • Perform and review daily exposure variance for identification of main drivers and communication of impacts • Lead the daily activities of the counterparty exposure monitoring program • Review monthly exposure variance by various dimensions and present the overview of key drivers of exposure variances • Learn the risk reporting and control processes and monitor key metrics and trends, with emphasis on escalation of issues or concerns for counterparty risk • Review data, risk reporting, and commentary for accuracy, clarity, and completeness • Work closely with technology and reporting functions to build out requirements as needed • Work closely with risk managers, data teams, technology, and reporting teams to analyze, review, measure, test, and challenge results • Maintain updated control framework and documentation per enterprise requirements • Understand the variables and market factors that impact the firm's counterparty risk • Understand relevant business, regulatory and risk requirements pertaining to ECRM as well as maintain an awareness of current regulatory trends and resulting impacts • Contribute to firm-wide initiatives and regulatory requirements • Respond to ad-hoc requests for risk analysis and/or presentations from senior managers, regulators, auditors, and other stakeholders.
Desired Qualifications:
• Deep counterparty subject matter expertise from prior experience • Strong understanding of counterparty risk, including but not limited to, the concept and calculation of CCR risk metrics, OTC derivatives, and SFT products • Ability to identify and drive initiatives independently, collaborate across teams, solution with a sense of urgency, and execute with high quality • Advanced degree in quantitative field, FRM, or other risk management designation • Financial Engineering skills or background • Advanced Microsoft Excel skills, including pivot tables, graphs, and formulas • Advanced SQL skills - experience with writing new SQL queries as well as understanding and editing existing SQL queries • Experience with large data sets and use of data analysis to identify trends • Strong problem solving and analytical skills required to identify root causes, define patterns and collaborate with stakeholders • Excellent verbal, written and interpersonal communication skills • Ability to articulate and document complex concepts in a clear, concise manner • Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment • Intellectual curiosity with proven ability to learn quickly through others as well as to conduct their own research and analysis.
