What are the responsibilities and job description for the Head of Counterparty Credit Risk Management & Reporting Manager position at Tandym Group?
A New York City-based banking services organization is currently seeking an experienced professional to join their staff as their new Head of Counterparty Credit Risk Management & Reporting Manager.
Responsibilities :
The Head of Counterparty Credit Risk Management & Reporting Manager will :
Review top 20 counterparty exposures and collateral balances
Analyze stress testing results and enhance existing stress testing framework
Perform XVA analysis and present in committee meetings
Monitor and review XVA limit framework
Monitor CCR analytics for large DoD and MoM moves in PFE
Analyze / validate exposures (PFE) for any limit triggers and credit limit breaches
Perform credit limit sizing and define maximum tenor limits
Provide month-end commentary for large exposure moves in top 20 exposures, for industry / country exposures, for product exposure analysis across IR, FX and non-derivative transactions
Provide CCR slides for senior management discussion and committees (GRMC, RMC, etc.)
Perform wrong way risk analysis for counterparties and enhance existing WWR framework
Perform other duties, as needed Qualifications :
7 years of experience in counterparty credit risk or market risk or risk related discipline
Bachelor's and / or Master's Degree in a Quantitative field (Finance, Mathematics, Engineering, Physics, Computer Science, or Statistics)
Strong knowledge and understanding of Capital Markets, derivatives products, and derivatives valuation / PFE calculation
Solid understanding of xVA calculations such as CVA, DVA, FVA, KVA, MVA, etc.
Experience in working with internal developers, data sourcing teams and external vendors to drive development of CCR analytics, system infrastructure and overall CCR framework
Good working experience in analyzing stress testing results and enhancing stress testing framework
Strong technical skills, including Excel / VBA, python, data visualization tools (e.g. Power BI) etc.
Solid analytical and problem solving skills
Great interpersonal skills
Excellent communication skills (written adn verbal)
Strong attention to detail
Highly organized Desired Skills :
CFA and / or FRM certification
