Associate / AVP, Credit Analyst (ABS / Securitization)

Office Status: Hybrid (2-3 days in office)

Salary: $85,000 – $135,000

Responsibilities:

• Measure gross and net exposures across differing types of instruments (swaps, options and other derivatives) and counterparties.

• Compare counterparty position to thresholds for client, industry, location, etc., and highlight exceptions.

• Update counterparty credit models for changes in transaction levels, market conditions and risk appetite.

• Calculate counterparty exposures and potential losses for regulatory reporting including capital adequacy.

• Perform testing / due diligence to ensure individual counterparty transactions and net positions conform to exposure limits, collateral requirement and transaction terms.

• Develop relationships with client-facing units to better understand the risks in their businesses, the instruments they handle and their counterparty relationships.

• Develop relationships with other units such as finance, compliance, legal and IT to improve workflows and data gathering / sharing.

• Begin to network within industry through meetings, events and involvement with trade organizations to better understand emerging risk trends.

• Demonstrate a basic knowledge of credit markets and counterparty arrangements to help ensure that all counterparty arrangements are viable and properly collateralized from a credit risk management perspective.

• Demonstrate a fundamental understanding of counterparty credit risk and current practices in the market in particular.

• Have a general understanding of information technology and project management in order to best partner with colleagues in the ongoing tracking of counterparty risks for new and existing clients / products and to create meaningful modeling and analysis.

• Apply modeling and analytical skills to create meaningful measurement and reporting on key risk exposures. Communicate analytical data effectively.