VP - Counterparty Credit Risk

New York, New York Permanent USD125,000 - USD175,000 per year
  • Client looking to move quickly
  • Hybrid work schedule

About Our Client

One of the largest multinational financial services firms in the world.

Job Description

  • Conduct and maintain gap analysis of the firm's counterparty credit risk framework compared to SR 11-10 (Interagency guidance on Counterparty Credit Risk).
  • Review New Product Committee memos and offer comments on counterparty credit risk.
  • Monitor and review the risk appetite statement and key risk indicators.
  • Initiate discussions for potential enhancements to the risk appetite statement and key risk indicators, and obtain formal approvals.
  • Drive discussions to identify, prioritize, and resolve Counterparty Credit Risk (CCR) issues, collaborating with analytics teams, model validation, IT/systems, and other stakeholders to improve the CCR Framework.
  • Facilitate discussions with stakeholders to refine and finalize stress testing scenarios.
  • Take charge of projects and strategic initiatives aimed at continuously enhancing the CCR Framework to implement the Target Operating Model.
  • Act as a representative of the CCR team in firm-wide initiatives, participate in User Acceptance Testing (UAT), and perform impact analysis; facilitate CCR management approvals.
  • Facilitate discussions among various stakeholders (Risk Analytics, CCR Analytics, Model Validation, Internal Audit, Credit Review, and Front Office stakeholders) regarding any CCR-related matters.
  • Lead discussions and provide material for internal (internal audit or credit risk review) or external (Regulatory) examinations.
  • Collaborate with various groups within Capital Markets to swiftly resolve credit exposure-related issues.
  • Maintain the CCR policy and procedures.
  • Undertake additional credit control tasks and projects as necessary.



MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

  • Possess a minimum of 5+ years of experience in counterparty credit risk, market risk, or other related risk functions.
  • Hold a Master's or Bachelor's degree in fields such as finance, mathematics, engineering, physics, computer science, or statistics.
  • Demonstrated solid organizational skills and the ability to manage large-scale, complex initiatives and projects.
  • Sound knowledge and understanding of Capital Markets, derivative products, and derivatives valuation/PFE calculation.
  • Familiarity with xVA calculations, including CVA, DVA, FVA, KVA, MVA, etc.
  • Proficient IT skills required, including Power BI, Excel, Python, etc.
  • Strong communication skills.
  • Ability to thrive in a team environment.
  • Effective collaboration skills to engage with various stakeholders and cultivate positive relationships to drive team and organizational objectives.
  • Self-motivated individual capable of multitasking and maintaining momentum.
  • Hands-on approach to utilize available data for analysis and meticulous in building consensus with diverse stakeholders to drive decision-making.
  • Ability to address unstructured problems with a structured approach.
  • Progress towards CFA and/or FRM certification preferred.

What's on Offer

  • Competitive salary
  • Extensive exposure
  • Strong growth potential
  • Collaborative environment
  • Hybrid work model
Contact
Connor Duenas
Quote job ref
JN-032024-6365042

Job summary

Sector
Banking & Financial Services
Sub Sector
Risk Management
Industry
Financial Services
Location
New York
Contract Type
Permanent
Consultant name
Connor Duenas
Job Reference
JN-032024-6365042