Credit Risk Management Analyst
Salary: $85k-$100k + 10% bonus
Location: Hybrid role in either location
Chicago, IL/Dallas, TX
Qualifications
Bachelor's degree (preferably in Risk Management, Accounting, (Computational/Quantitative) Finance, or Economics) or equivalent work experience
2-4 years of counterparty credit risk or relevant financial services industry experience
Knowledge of bank reporting and regulations including call reports, Basel III bank capital adequacy requirements
Ability to read and understand financial statements, brokerage statements, and accounting records
Basic knowledge of regulatory rules and regulations related to the SEC/CFTC
Knowledge of the financial services industry, including the financial, market, liquidity and operational risks of broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities
Proficient understanding of securities markets, derivatives, and option trading strategies
Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations
Coding experience with SQL and other data analytics tools (eg, Tableau, Python, R, VBA macros)
Programming experience to help build and maintain the team's self-automated processes
Experience using Thomson Reuters, S&P Global Market Intelligence, and other securities industry data provider software, and the technical ability to connect these tools to Excel
Responsibilities
Monitor ongoing creditworthiness of counterparties and their compliance with company rules and other regulatory requirements, material news and event disclosures, interact with counterparties to identify root cause of issues or concerns, and escalate issues requiring enhanced surveillance to department management and internal working groups so appropriate actions can be taken
Independently analyze financial statements to identify levels and trends in key metrics and ratios
Perform and document assessments on clearing member's risk management policies, procedures, processes, staff, and systems to understand how the member is mitigating its risk
Manage the applications of new counterparties and document results for presentation to senior management and Board Risk Committee for approval
Collaborate with other Financial Risk Management teams and counterparty-facing departments to assess all risks posed by counterparties
Ensure counterparty inquiries are addressed regarding risk policies and procedures as well as time-sensitive questions regarding margin requirements and position movements
Support system, data, and risk methodology development, review data and risk methodologies during annual reviews, and identify underlying methodology assumptions with a comprehensive set of special cases
Develop and conduct advanced data analytics and reporting to identify and analyze causal links and meaningful relationships (eg, correlations, distributions, percentiles) across large and/or multi-sourced data sets, determine best methods and visuals to communicate analytical insights, and deliver compelling and easy to understand narratives of those insights to support executive decision making