Director Counterparty Credit Risk

Overview

Hybrid
$200,000+
Full Time

Skills

Director
Counterparty
Credit Risk
VAR
Stress
CCAR
Basel
Leadership

Job Details

Client: SMBC
Location: Jersey City (hybrid twice per week)
Exp Level: 15 years +
THIS REQUIRES PREVIOUS DIRECTOR LEVEL EXPERIENCE; LEADERSHIP IS CRUCIAL SKILL
INVESTMENT BANK EXPERIENCE REQUIRED (must be majority of experience)
Job Title: Director Counterparty Credit Risk
Job Summary:
The Director of Counterparty Credit Risk is responsible for overseeing and managing the credit risk associated with financial transactions, particularly those involving derivatives and other complex instruments. This role involves developing and implementing risk management strategies, policies, and procedures to mitigate potential losses from counterparties defaulting on their obligations.
Key Responsibilities of a Director of Counterparty Credit Risk:
  • Risk Assessment and Monitoring:
    This includes developing and implementing credit risk models, analyzing potential exposures, and monitoring counterparty creditworthiness.
  • Policy and Procedure Development:
    Creating and maintaining robust risk management policies and procedures that align with regulatory requirements and industry best practices.
  • Regulatory Compliance:
    Ensuring compliance with relevant regulations related to counterparty credit risk, such as those outlined in , CCAR, and other relevant guidelines.
  • Portfolio Management:
    Managing a portfolio of counterparty relationships, including , , and other risk mitigation strategies.
  • Team Leadership:
    Leading and mentoring a team of credit risk professionals, providing guidance and support in all aspects of counterparty credit risk management.
  • Strategic Initiatives:
    Driving strategic initiatives to enhance the firm's counterparty credit risk management capabilities and improve overall risk-adjusted returns.
  • Communication and Reporting:
    Effectively communicating risk exposures and management strategies to senior management and other stakeholders.
  • Collaboration:
    Working closely with other departments, such as trading, legal, and compliance, to ensure a consistent and coordinated approach to risk management.
Skills and Qualifications:
  • Expertise in credit risk modeling:
    Strong knowledge of , including , , and .
  • Deep understanding of regulatory requirements:
    Familiarity with regulations related to counterparty credit risk, such as SR 11-7, , and .
  • Excellent analytical and problem-solving skills:
    Ability to analyze complex data, identify potential risks, and develop effective solutions.
  • Strong communication and interpersonal skills:
    Ability to communicate complex information clearly and concisely to both technical and non-technical audiences.
  • Leadership and team management skills:
    Ability to lead and motivate a team of credit risk professionals.
  • Experience in financial markets and products:
    Knowledge of financial products, including derivatives, repos, and other traded instruments.
  • Proven track record in developing and implementing risk management strategies:
    Experience in creating and implementing effective risk management policies and procedures.
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