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Counterparty Credit Risk Senior Associate

Counterparty Credit Risk Senior Associate

DtccMcLean, VA, United States
6 hours ago
Job type
  • Full-time
Job description

Job Description

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 :

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 Senior 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 perform new member application write-ups, Treasury Counterparty and Line of credit provider reviews. You will also be tasked with understanding the credit risk rating matrix, and the assessment of existing risk controls.

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 Senior Associate will be the main 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.
  • 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.
  • 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. 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.

    About Us

    With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker / dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC's subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC's Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook and Instagram.

    DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.

    Learn more about Clearance and Settlement by clicking here.

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