Senior Associate, Credit Risk Management

Primary Duties and Responsibilities

• Monitor ongoing creditworthiness of counterparties and their compliance with OCC 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 OCC 
• 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 OCC 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 and conduct advanced data analytics and reporting to identify and analyze causal links and meaningful relationships (e.g., correlations, distributions, percentiles) across large and/or multi-sourced data sets, determine best methods and visuals to communicate analytical insights, and deliver compelling and easy to understand narratives of those insights to support executive decision making
• Develop, maintain, and adhere to written policies and procedures
• Participate in procedure-related control testing activities
• Support regulatory reporting obligations

Supervisory Responsibilities:

• None

Qualifications

• Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment
• 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
• Strong Mathematical skills and financial acumen
• Comfortable working in a customer service-oriented environment and addressing questions from both OCC colleagues and OCC 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 preferred
• Proficient understanding of securities markets, derivatives, and option trading strategies preferred
• Ability to perform counterparty credit analysis including a basic understanding of the CAMEL(S) rating methodology and other rating systems preferred

Technical Skills:

• Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations
• Intermediate-to-Advanced quantitative, analytical, problem solving skills, including the ability to accumulate, organize, and assimilate large amounts of information
• Experience using data visualization software (e.g., Tableau, Power BI)
• Coding experience with (e.g., Python, R, VBA macros) preferred
• Experience with systems implementation, including developing business requirements, testing and familiarity with scheduling tools (e.g., UC4)
• Experience using Bloomberg and/or S&P Global Market Intelligence, and the technical ability to connect these tools to Excel preferred

Education and/or Experience:

• Bachelor’s degree (preferably in Risk Management, Accounting, (Computational/Quantitative) Finance, or Economics) or equivalent work experience required
• 2-4 years of counterparty credit risk or relevant financial services industry experience
• Master’s degree or progress towards a Master’s degree (preferably in Risk Management, Accounting, (Computational/Quantitative) Finance, or Economics) preferred

Certificates or Licenses:

• Desire to earn, or progress towards, a CFA or FRM certification