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:

The Counterparty Credit Risk (CCR) team is responsible for assessing the financial stability of potential DTCC applicants (comprised of U.S. and Foreign banks, broker-dealers, and other types of financial institutions) through the interpretation of financial documents. As a Credit Risk Associate within the CCR team, you will assess the creditworthiness of new applicants applying for membership based on fundamental analysis, which will include interpreting financial documents as well as recommending credit conditions if needed. You will also be tasked with understanding the credit risk rating matrix, and the assessment of existing risk controls. Additionally, you will work on key initiatives for the market as DTCC leads the way in clearing.

Your Primary Responsibilities:

• Analyze financial documents to identify credit risks and mitigants, and to assess trends in financial institutions' (e.g., banks, broker-dealers, insurance companies, hedge funds, etc.) capital adequacy, profitability, asset quality, and liquidity/funding management

• Work with internal departments, including Market Risk, Product Management, Relationship Management, Legal, and Compliance, to maintain visibility when assessing potential risks or concerns with new applicants

• The Associate will be the point of contact for the new applicant and will be responsible for running and coordinating due diligence calls

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

• Adhere to risk-related policies and standard processes of CCR

• Analyze and assess Investment Counterparties and Line of Credit Providers and occasionally Third-Party Vendors

• Demonstrate the behaviors and proficiencies that build a risk management mentality in the organization

• Demonstrate regulatory awareness and compliance and ensure adherence to risk-related policies and standard methodologies

• Ensure compliance with CCR's policies and procedures

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

Qualifications:

• Bachelor's degree in Accounting, Finance, Business, or Economics (required). MBA, FRM or CFA preferred

• 3+ years of proven experience analyzing financial institutions, market risk, prime brokerage risk or other risk management type experiences

• Prior experience with setting credit covenants or conditions to mitigate risk a plus

Talents Needed for Success:

• Excellent knowledge of financial statement analysis for various financial institutions, particularly banks, broker-dealers and hedge funds.

• Fundamental credit analysis skills, including knowledge of CAMELS and other rating systems a plus

• In-depth understanding of regulatory rules and regulations

• Effective interpersonal skills, both oral and written

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.