Credit Risk Management Analyst - Basel II

25 Mar 2024

Vacancy expired!

NO SPONSORSHIPSenior Associate, Credit Risk Management Analyst - Basel IISALARY: $85K - $100K plus 10% BONUSHybrid, 3 days on site and 2 days remoteLooking for a candidate that has experience identifying, measuring, monitoring, managing and reporting risks. You will be monitoring ongoing credit worthiness. 2-4 years of counter party risk regulatory rules SEC/CFTC financial services industry financial liquidity bank reporting call reports (1) of the roles requires Basel III. Banking experience capital adequacy requirements

Primary Duties and Responsibilities
  • Monitor ongoing creditworthiness of counterparties and their compliance with rules and other regulatory requirements, material news and event disclosures, interact with counterparties to identify root cause of issues or concerns, and escalate issues requiring enhanced surveillance to department management and internal working groups so appropriate actions can be taken
  • Independently analyze financial statements to identify levels and trends in key metrics and ratios
  • Perform and document assessments on clearing member’s risk management policies, procedures, processes, staff, and systems to understand how the member is mitigating its risk to
  • Manage the applications of new counterparties and document results for presentation to senior management and Board Risk Committee for approval
  • Collaborate with other Financial Risk Management teams and counterparty-facing departments to assess all risks posed by counterparties
  • Ensure counterparty inquiries are addressed regarding risk policies and procedures as well as time-sensitive questions regarding margin requirements and position movements
  • Support system, data, and risk methodology development, review data and risk methodologies during annual reviews, and identify underlying methodology assumptions with a comprehensive set of special cases
  • Develop, maintain, and adhere to written policies and procedures
  • Participate in procedure-related control testing activities
  • Support regulatory reporting obligations

Qualifications
  • Knowledge of the financial services industry, including the financial, market, liquidity and operational risks of broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities
  • Knowledge of bank reporting and regulations including call reports, Basel III bank capital adequacy requirements
  • Proficient understanding of securities markets, derivatives, and option trading strategies
  • Ability to perform counterparty credit analysis including a basic understanding of the CAMEL(S) rating methodology and other rating system
  • Technical Skills
    • Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment
    • Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations
    • Coding experience with SQL and other data analytics tools (e.g., Tableau, Python, R, VBA macros)
    • Programming experience to help build and maintain the team’s self-automated processes
    • Experience using Thomson Reuters, S&P Global Market Intelligence, and other securities industry data provider software, and the technical ability to connect these tools to Excel

    Education and/or Experience
    • Bachelor’s degree
    • 2-4 years of counterparty credit risk or relevant financial services industry experience
    • Ability to read and understand financial statements, brokerage statements, and accounting records
    • Basic knowledge of regulatory rules and regulations related to the SEC/CFTC
    • Excellent organization skills – must be detail oriented
    • Strong verbal and written communication skills
    • Comfortable working in a customer service-oriented environment and addressing questions from both OCC colleagues and counterparties, engaging users to understand issues and identify root causes, escalating incidents to appropriate teams, and collaborating with others to ensure timely resolution and user satisfaction
    • Ability to work well under pressure with multiple priorities and time-sensitive deadlines
    • Knowledge of the financial services industry, including the financial, market, liquidity and operational risks of broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities
    • Proficient understanding of securities markets, derivatives, and option trading strategies
    • Ability to perform counterparty credit analysis including a basic understanding of the CAMEL(S) rating methodology and other rating systems
    • Master’s degree or progress towards a Master’s degree (preferably in Risk Management, Accounting, (Computational/Quantitative) Finance, or Economics)

    • ID: #49542643
    • State: Illinois Chicago 60290 Chicago USA
    • City: Chicago
    • Salary: $85,000 - $100,000
    • Job type: Permanent
    • Showed: 2023-03-25
    • Deadline: 2023-05-16
    • Category: Et cetera