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Credit Risk Analyst/Associate - Central Counterparties, Global Markets Credit

New York, New York;

Job Description:

GMC Overview

Global Markets Credit (GMC) organization is responsible for credit underwriting, ongoing monitoring and portfolio management of Global Markets (GM) financing and traded products transactions.

GMC is a global organization which partners directly with Global Markets FLU teams in relation to client selection, structuring and underwriting activities to drive revenue growth while maintaining appropriate risk disciplines.

GMC will also coordinate engagement with key control partners including Global Risk, Finance, Credit Review and Audit in accordance with our Risk Framework and internal and external standards.

Job description and requirements

The GMC FMI team is responsible for effective management of credit and trading risk exposures within established parameters. In particular it provides risk assessment, transaction structuring, execution, and risk profile monitoring for FMIs globally. The FMI team partners with teams across Global Corporate & Investment Banking, Global Banking & Markets, and Global Transmission Services to build an efficient risk/reward portfolio while maintaining robust risk discipline. Integral to our mission is our partnership with other parts of the Risk organization, e.g., Enterprise Credit Risk and various Global Market Risk functions.

The Financial Market Infrastructure ("FMI") Associate is an experienced team member critical to robust risk management and credit processes, with primary account responsibility for a portfolio of FMIs, consisting mainly of central counterparties (“CCPs”), but also exchanges and other FMI clients. This includes client selection, risk profile assessment, underwriting, structuring, accurate and timely risk rating, documentation and the ongoing monitoring of counterparty names.

The FMI Associate will be expected to:

  • Carry out credit due-diligence and written analysis on their FMI portfolio, incorporating financial, business and industry analyses, in order to identify and mitigate risks relating to their portfolio of names.
  • Ensure timely submission of approval and monitoring documents in accordance with policy and priorities set with risk and business managers, and participate in portfolio and risk reviews.
  • Self-identify issues, escalate problems expediently, provide views, recommendations, and clearly voice opinions on covered credit names to senior risk officers and business partners as appropriate.
  • Have experience and knowledge of financial traded products, eg, FX, rates, equities, credit derivatives, futures & options, etc.
  • Monitor and understand the key risk drivers in the derivative trading book of assigned counterparties.
  • Stay up to date with the regulatory, political, and business environment in the region and have a view on how these impact clients. Follow key developments in relevant industries and monitor clients closely in order to identify and act on any risk quality deterioration.
  • Recommend changes to exposure limits and risk ratings in a timely manner.
  • Establish strong working relationships with business and functional partners, to build an efficient risk/reward portfolio by supporting bilateral, exchange traded, and client clearing initiatives, while maintaining robust risk discipline.
  • Support the Business with clearing initiatives, eg, new memberships or the clearing of new products at CCPs. This includes participation in the full credit on-boarding process from initial business request to final approvals.
  • Actively participate in execution of loan and derivative transactions from a credit risk standpoint, including structuring and negotiation of legal documentation, liaising with external counsel, and working with business partners as appropriate.

Required job skills

A Credit Officer is expected to understand and manage the counterparty credit risk exposure of individual counterparties. This will include:

  • 2+ years financial services work experience.
  • Strong credit analytical skills and risk judgment, and ability to rigorously defend a point of view, both to Risk and senior business partners.
  • Familiarity with relevant regulations and appreciation of issues impacting FMI industry participants with respect to systemic risk mitigation and changing regulatory requirements.
  • In-depth knowledge and relevant credit experience of CCPs and North & South American financial institutions and regulated markets.
  • Thorough understanding of a broad range of derivative products, including an ability to dissect risk drivers and portfolio sensitivities.
  • Familiarity with derivatives documentation (eg, GMRA/ISDA/CSA) and loan documentation.
  • Sound product/technical knowledge across lending products.
  • Bachelor’s degree with a concentration in finance and/or accounting preferred.

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

GMC Overview

Global Markets Credit (GMC) organization is responsible for credit underwriting, ongoing monitoring and portfolio management of Global Markets (GM) financing and traded products transactions.

GMC is a global organization which partners directly with Global Markets FLU teams in relation to client selection, structuring and underwriting activities to drive revenue growth while maintaining appropriate risk disciplines.

GMC will also coordinate engagement with key control partners including Global Risk, Finance, Credit Review and Audit in accordance with our Risk Framework and internal and external standards.

Job description and requirements

The GMC FMI team is responsible for effective management of credit and trading risk exposures within established parameters. In particular it provides risk assessment, transaction structuring, execution, and risk profile monitoring for FMIs globally. The FMI team partners with teams across Global Corporate & Investment Banking, Global Banking & Markets, and Global Transmission Services to build an efficient risk/reward portfolio while maintaining robust risk discipline. Integral to our mission is our partnership with other parts of the Risk organization, e.g., Enterprise Credit Risk and various Global Market Risk functions.

The Financial Market Infrastructure ("FMI") Associate is an experienced team member critical to robust risk management and credit processes, with primary account responsibility for a portfolio of FMIs, consisting mainly of central counterparties (“CCPs”), but also exchanges and other FMI clients. This includes client selection, risk profile assessment, underwriting, structuring, accurate and timely risk rating, documentation and the ongoing monitoring of counterparty names.

The FMI Associate will be expected to:

  • Carry out credit due-diligence and written analysis on their FMI portfolio, incorporating financial, business and industry analyses, in order to identify and mitigate risks relating to their portfolio of names.
  • Ensure timely submission of approval and monitoring documents in accordance with policy and priorities set with risk and business managers, and participate in portfolio and risk reviews.
  • Self-identify issues, escalate problems expediently, provide views, recommendations, and clearly voice opinions on covered credit names to senior risk officers and business partners as appropriate.
  • Have experience and knowledge of financial traded products, eg, FX, rates, equities, credit derivatives, futures & options, etc.
  • Monitor and understand the key risk drivers in the derivative trading book of assigned counterparties.
  • Stay up to date with the regulatory, political, and business environment in the region and have a view on how these impact clients. Follow key developments in relevant industries and monitor clients closely in order to identify and act on any risk quality deterioration.
  • Recommend changes to exposure limits and risk ratings in a timely manner.
  • Establish strong working relationships with business and functional partners, to build an efficient risk/reward portfolio by supporting bilateral, exchange traded, and client clearing initiatives, while maintaining robust risk discipline.
  • Support the Business with clearing initiatives, eg, new memberships or the clearing of new products at CCPs. This includes participation in the full credit on-boarding process from initial business request to final approvals.
  • Actively participate in execution of loan and derivative transactions from a credit risk standpoint, including structuring and negotiation of legal documentation, liaising with external counsel, and working with business partners as appropriate.

Required job skills

A Credit Officer is expected to understand and manage the counterparty credit risk exposure of individual counterparties. This will include:

  • 2+ years financial services work experience.
  • Strong credit analytical skills and risk judgment, and ability to rigorously defend a point of view, both to Risk and senior business partners.
  • Familiarity with relevant regulations and appreciation of issues impacting FMI industry participants with respect to systemic risk mitigation and changing regulatory requirements.
  • In-depth knowledge and relevant credit experience of CCPs and North & South American financial institutions and regulated markets.
  • Thorough understanding of a broad range of derivative products, including an ability to dissect risk drivers and portfolio sensitivities.
  • Familiarity with derivatives documentation (eg, GMRA/ISDA/CSA) and loan documentation.
  • Sound product/technical knowledge across lending products.
  • Bachelor’s degree with a concentration in finance and/or accounting preferred.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21051836

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jigna Karelia-Shah

Referral Bonus:

0