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DTCC

Clears and settles securities trades for financial firms

Counterparty Credit Risk Senior Associate

Risk ManagementConfirmed live in the last 24 hours
Full-time$75k - $150k /yr

About the Job

Requirements

  • Minimum of 6 years of related experience
  • Bachelor's degree preferred or equivalent experience

Responsibilities

  • Accountable for analyzing financial statements and applying credit expertise and judgement to identify credit risks, mitigants, and trends for financial institutions’ (e.g., banks, broker-dealers, etc.).
  • Independently perform annual reviews and ongoing surveillance of member firms to assess their creditworthiness and proactively identify member firms that need to be subjected to additional surveillance or mitigants.
  • Apply advanced credit knowledge to assist with the design of credit risk monitoring tools, automation, and other risk-related initiatives.
  • Collaborate and develop relationships with internal departments (Market Risk, Product Management, Relationship Management, Legal, and Compliance, etc.), including senior staff of those departments.
  • Analyze new member full-service applications to assess whether the applicants’ financial condition meets DTCC member requirements.
  • Apply an advanced understanding of DTCC's business, CCR's processes, and the risk environment.
  • Demonstrate values across the team and for junior department members, including adherence to risk-related policies, regulatory awareness, and promoting a risk management mindset.
  • Responsible for a portfolio of more complex counterparties.
  • Aligns risk and control processes into day-to-day responsibilities to monitor and mitigate risk; escalates appropriately.

Desired Qualifications

  • Fosters a culture where honesty and transparency are expected.
  • Stays current on changes in his/her own specialist area and seeks out learning opportunities to ensure knowledge is up to date.
  • Invests in effort to individually coach others.
  • Build collaborative teams across the organization.
  • Communicates openly keeping everyone across the organization informed.

About the Company

DTCC

Clears and settles securities trades for financial firms

DTCC provides the systems financial firms use to complete securities trades after buyers and sellers agree a transaction. Broker-dealers, banks and asset managers use its services to match trade details, calculate obligations, move securities and report transactions. Its NSCC and FICC subsidiaries clear equity and fixed-income trades, while DTC holds securities and handles settlement and payments such as dividends. By offsetting obligations between firms, its clearing services reduce the securities and cash that must change hands, and its repositories maintain derivatives transaction records for regulatory reporting. The parent was established in 1999 and is headquartered in Jersey City, New Jersey.

Company size
5,001-10,000
Company stage
Not listed
Total funding
Not listed
Headquarters
Jersey City, NJ
Founded
1999

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