Associate Director, Counterparty Credit Risk

4 weeks ago

Jersey City, United States DTCC Full time

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Pay and Benefits:

Competitive compensation, including base pay and annual incentive Comprehensive health and life insurance and well-being benefits, based on location Pension / Retirement benefits Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being. DTCC 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 (CCR) team Associate Director will be 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 an Associate Director within the CCR team, you will use your strong track record of credit analysis and project management to provide subject matter expertise on DTCC’s most complex credit applicants (consisting of banks, broker-dealers, and other financial institutions) based on fundamental analysis, which will include interpreting financial statements as well as recommending credit conditions if needed. You will also partner with various internal departments within DTCC to build and maintain relationships with other subject matter experts across the organization, and recommend improvements to streamline existing processes and procedures for onboarding DTCC applicants (i.e., work closely with relationship management teams to improve initial applicant onboarding experience, initial documentation requirements, etc.).

Your Primary Responsibilities:

• Analyze financial statements of complex applicants 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.
• Build and maintain relationships with other subject matter experts across the organization and recommend improvements to existing policies and procedures.
• Assist in CCR’s effort to produce high-quality training for CCR staff and other internal departments.
• 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

Qualifications:

• Bachelor's degree in Accounting, Finance, Business, or Economics required. MBA, FRM or CFA preferred.
• 5+ years' Proven experience analyzing financial institutions (broker-dealers required).
• Prior experience with setting credit covenants or conditions to mitigate risk.
• Hedge Fund analysis experience a plus.
• Strong relationship management and business judgement skills.

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
• In-depth understanding of regulatory rules and regulations
• Effective interpersonal skills, both oral and written

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.

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