Counter party Credit Risk Manager - Consultant

Counter party Credit Risk Manager - Consultant

Jersey City, NJJ
9611242
07-17-2017
or
Intermedia Group has an opening for the following Consultant:

TITLE: Counterparty Credit Risk Manager
LOCATION: Jersey City, NJ (07310)
DURATION: Ongoing Consulting Engagement

CLIENT: Fortune 100 Bank

Position Summary
This interim manager of Counterparty Credit Risk is responsible for leading and developing a team of credit analysts and providing oversight of a portfolio consisting of banks, broker-dealers, and other financial institutions. You'll be working directly under the Director of Counterparty Credit Risk.
  • Approve completed annual reviews and ongoing surveillance of member firms
  • Coordinate requirements for the design of credit risk monitoring tools to further automation
  • Review credit thresholds for counterparty treasury, to assure adherence to policy standards. 
  • Liaise among internal departments, including CCPs, Legal, and Compliance, to maintain transparency when communicating with external members
  • Manage and develop staff of approximately 2-5 analysts
  • Oversee new member-firm applications to ensure compliance with company and legal requirements
  • Act as first-line of approval in placing member firms on enhanced surveillance
  • Drive regulatory awareness and compliance and ensure adherence to risk-related policies and best practices
 
Counterparty Credit Risk "CCR" Department
The purpose of the Counterparty Credit Risk (“CCR”) team is to set forth guidelines for specific actions that CCR personnel should take to fulfill its mandate to identify, rate, and monitor the credit risk of member and participant firms and repurchase agreement counterparties, depository banks and money market, Line of Credit Providers, and critical vendors. 
 
The Counterparty Credit Risk team is primarily responsible for assessing the financial stability of our client's member firms through interpreting focus filings, income statements, and balance sheets. Each CCR analyst is responsible for a portfolio of member-firms (subsidiaries) and is required to perform annual reviews and ongoing surveillance, review earnings releases and reviewing new member applications across the organization. The analyst is also tasked with maintenance of the credit risk rating matrix and assessing compliance with established financial parameters and keeping current on new accounting and regulatory pronouncements that impact member firms. 
 
Qualifications
  • Bachelors Degree in Accounting, Finance, Business or Economics (MBA or CFA preferred)
  • Demonstrated behaviors and competencies that will support a risk-management mindset in the organization
  • 7+ years of experience risk management or financial analysis
  • 4+ years of managerial experience, with proven effective management skills (ability to oversee a team of analysts and promote their development)
  • Strong knowledge in financial statement analysis (knowledge of credit risk modeling and experience with a broad range of financial products, broker/dealers, banks, hedge funds, and foreign entities etc).
  • Understanding of the regulatory financial reporting required for broker/dealers and bank such as FOCUS and Call Reports
  • Strong understanding of regulatory rules and regulations 
  • Excellent understanding of global market risks and impact on parent-company's financial stance



If you are interested in pursuing this opportunity, please respond including the following:
• Full MS WORD Resume
• Current and required compensation
• Contact information
• Availability
 
Upon receipt, one of our managers will contact you to discuss in full



Jason Denmark
Managing Director

INTERMEDIA GROUP, INC.
131 Varick Street
Suite 936
New York, NY 10013
Voice: 212-248-0100

Email: jdenmark@intermediagroup.com
Corporate Web Site: www.intermediagroup.com
OPEN JOB LIST: http://intermediagroup.com/jobs
 
 
 

Recruiter Contact


Mervin Hernandez | Recruiter
mhernandez@intermediagroup.com
Intermedia Group Inc. | New York, NY
Main: (212) 248-0100
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