Counterparty Credit Risk Associate

offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The impact you will have in this role:

As a member of the Counterparty Credit Risk team, the Associate will be responsible for assessing the financial stability of DTCC's member firms by interpreting financial documents of banks, broker-dealers, and other financial firms. Counterparty Credit Risk is defined as the risk of economic loss resulting from the failure of a member or other credit counterparty to meet its contractual financial obligation or the default on securities issued by a DTCC Investment Counterparty . The team is responsible for a portfolio of member firms and is required to perform annual reviews and ongoing surveillance, as well as review new member applications. In addition, the Counterparty Credit Risk Associate will be responsible for the maintenance of the credit risk rating matrix and assessing compliance with established financial parameters, keeping current on new accounting and regulatory pronouncements that impact member firms.

Your Primary Responsibilities:

• Analyze the financial standing of counterparties, primarily financial institutions. and apply judgement to identify credit risks, mitigants, and trends in financial institutions' (e.g., banks, broker-dealers, funds etc.) capital adequacy, profitability, asset quality, and liquidity/funding management

• Perform annual reviews and ongoing surveillance of member firms, with growing independence over time, to assess the creditworthiness of member firms and identify member firms that need to be subjected to additional surveillance or mitigants

• Assist with credit risk monitoring tools, automation, and other risk-related initiatives

• Collaborate with internal departments such as Market Risk, Product Management, Relationship Management, Legal, and Compliance, such as to share information on risk exposures to member firms

• Review new member full-service applications to assess whether the applicants' financial condition meets DTCC member requirements

• Apply experienced understanding of DTCC's business, CCR's processes, and the risk environment

• Demonstrate core conduct values, including integrity, adherence to risk-related policies, regulatory awareness, and a risk management mentality

• Responsible for a portfolio of counterparties

• Align risk and control processes into day-to-day responsibilities to monitor and mitigate risk

**NOTE: The Primary Responsibilities of this role are not limited to the details above. **

Qualifications:

• Minimum 3-4 years of related experience

• Bachelor's degree

Talents Needed for Success:

• Foster a culture where honesty and transparency are expected

• Stay current on changes in the industry and seek out learning opportunities to ensure knowledge is up to date

• Collaborate well within and across teams

• Ability to communicate effectively with team members and stakeholders, both verbally and in writing

• High interest to learn within an evolving, fast-paced environment

We offer top class training and development for you to be an asset in our organization!

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.