Credit Risk Management Analyst

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