What are the responsibilities and job description for the Manager - Counterparty Credit Risk - Governance & Strategy position at Tandym Group?
A banking services company in New York City is currently seeking an experienced professional to join their staff as their new Manager - Counterparty Credit Risk.
- Responsibilities :
The Manager - Counterparty Credit Risk will :
Perform and maintain gap analysis of firm's counterparty credit risk framework against SR 11-10
Review New Product Committee memos and provide counterparty credit risk comments
Review and monitor risk appetite statement and key risk indicators
Drive discussions on any enhancements to risk appetite statement, key risk indicators and formalize approvals
Drive discussions to track / prioritize / resolve CCR issues (with analytics team, model validation, IT / systems, and other stake holders) to enhance CCR Framework
Facilitate discussions with stakeholders for enhancing and finalizing stress testing scenarios
Lead projects and strategic initiatives to continuously enhance CCR Framework to implement Target Operating Model
Represent CCR team in any firmwide initiatives, participate in UAT and perform any impact analysis; facilitate CCR management approvals
Facilitate discussion among various stakeholders (Risk Analytics, CCR Analytics, Model validation, Internal Audit, Credit Review and FO stakeholders) for any CCR related items
Lead discussions and facilitate material for internal (internal audit or credit risk review) or external (Regulatory) exams
Liaise with various groups within Capital Markets for the quick resolution of credit exposure-related issues
Perform other duties, as needed Qualifications :
5 years of experience in Counterparty Credit Risk, Market Risk, and / or other Risk-related functions
Bachelor's and / or Master's Degree in Computer Science, Engineering, Finance, Mathematics, Physics, and / or Statistics
Good 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.
Strong IT skills required - Power BI, Excel, Python etc.
Solid analytical, mathematical, and research skills
Great interpersonal skills
Excellent communication skills (written and verbal)
Strong attention to detail
Highly organized Desired Skills :
Progress towards CFA and / or FRM certification
