Senior Credit Risk Associate

Are You Ready to Explore a World of Possibilities?

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Join our DTCC family, and you’ll grow your expertise and become the best version of you. As you embark on a new journey, you’ll be supported and surrounded by other professionals as you learn new skills, advance your career, and see the impact of your efforts every day. We offer top training and development for you to be an asset in our organization!

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Pay and Benefits

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n- Competitive compensation, including base pay and generous annual incentive target n- Comprehensive health and life insurance and well-being benefits effective day-one - no waiting period means no out-of-pocket expense for COBRA n- Retirement benefits - 401K & DTCC funded pension plan n- Paid Time Off and other leave of absence – Accrue 25 days of PTO per year + 10 paid holidays n- Flexible/Hybrid Work Arrangements – We collaborate in the office on Tuesday & Wednesday n

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Why You'll Love This Job:

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The Counterparty Credit Risk (CCR) team is responsible for assessing the financial stability through the interpretation of financial documents of DTCC’s member firms comprised of U.S. and Foreign banks, broker-dealers, and other types of financial institutions.

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As a Senior Credit Risk Associate within the CCR team, you will actuate the creditworthiness of a portfolio of member firms (consisting of banks, broker-dealers, and other financial institutions) based on fundamental analysis, which will include interpreting financial statements.

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

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Your Primary Responsibilities:

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n- 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 n- Prepare written annual reviews and ongoing surveillance of DTCC’s member firms to assess their creditworthiness n- Participate in gathering requirements for the design of credit risk monitoring tools to further automation and other risk-related initiatives n- Work with internal departments, including Market Risk, Product Management, Relationship Management, Legal, and Compliance, to maintain visibility when assessing potential risk exposures within member firms n- Review new member full-service applications to assess whether the applicants’ financial condition meets DTCC member requirements n- Assess whether member firms need to be placed on enhanced surveillance based on deterioration of their financial condition or newly disclosed material events n- Adhere to risk-related policies and standard processes of CCR n- Demonstrate the behaviors and proficiencies that build a risk management mentality in the organization n- Demonstrate regulatory awareness and compliance and ensure adherence to risk-related policies and standard methodologies n- Ensure compliance with CCR’s policies and procedures n

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

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n- 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 n- Perform annual reviews and ongoing surveillance of member firms across clearing corporations, to assess the creditworthiness of member firms. n- Participate in gathering requirements for the design of credit risk monitoring tools to further automation and other risk-related initiatives. n- Work with internal departments, including CCPs, Legal, and Compliance, to maintain transparency when assessing potential risk exposures within member firms. n- Review new member full-service applications to assess the financial condition meets DTCC member requirements. n

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Talents Needed for Success:

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n- Bachelor's degree in Accounting, Finance, Business, or Economics required, MBA or CFA preferred n- 5+ years' Proven experience in risk management or financial analysis n- Excellent knowledge of financial statement analysis for various financial institutions, particularly banks and broker-dealers n- Fundamental credit analysis skills, including knowledge of CAMELS and other rating systems n- In-depth understanding of regulatory rules and regulations n- Experience in working with new technological initiatives and setting forth business requirements n- Effective interpersonal skills, both oral and written n

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Who We Are:

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DTCC is the heart of the post-trade market infrastructure for the global financial services industry. From 21 locations all over the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, growing transparency, and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. In 2020, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.3 quadrillion.

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We are an equal opportunity employer and value diversity at our company. We do not discriminate based on 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 crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.