Credit Risk Analyst
Credit Risk Analyst Chicago - 125 S Franklin/en-US/careers/job/Chicago---125-S-Franklin/Credit-Risk-Analyst_REQ-1636/apply
As a member of OCCs Credit Risk Management team you will help safeguard OCC from counterparties who exhibit elevated credit or operational risk or lack appropriate risk management programs. Credit Risk Analysts are responsible for identifying, measuring, monitoring, managing, and reporting various risks and exposures introduced to OCC by clearing members, banks, and other critical counterparties.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
Credit Risk Analysts understand the risks present within the clearing industry and/or the participating financial entities, including broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities. They strive to build and manage overall risk profiles of counterparties through several direct and ancillary processes, including:
- Monitor ongoing creditworthiness of counterparties and their compliance with OCC rules and other regulatory requirements, including:
- Analysis of financial statements to identify levels and trends in key metrics and ratios
- Awareness of material news and event disclosures
- Collaborative interaction with counterparties to identify root cause of issues or concerns
- Escalation of counterparties requiring enhanced surveillance to department management
- Perform assessments on clearing members risk management policies, procedures, processes, staff, and systems to understand how the member is mitigating its risk to OCC
- Create written reports and presentations for senior management that summarize counterparty exposures and assessments, as well as conduct miscellaneous studies for senior management and external parties
- Complete assessment of counterparty applicants and existing counterparties applying to expand their business with OCC to ensure requirements are satisfied
- Collaborate with other Financial Risk Management teams and counterparty-facing departments to assess risks posed by counterparties
- Present the results of any noteworthy counterparty assessment to department management and internal working groups
- Support counterparty inquiries regarding OCC risk policies and procedures as well as time-sensitive questions regarding margin requirements and position movements
- Support system development from a business user perspective
- Develop, maintain, and adhere to written policies and procedures
- Support regulatory reporting obligations
The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.
- Bachelors degree in Risk Management, Accounting, (Computational/Quantitative) Finance, Economics or related field required
- 2-3 years of counterparty credit risk or relevant financial services industry experience
- Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment
- Ability to read and understand financial statements, brokerage statements, and accounting records
- Basic knowledge of regulatory rules and regulations related to the SEC/CFTC
- Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations
- Excellent organization skills must be detail oriented
- Strong verbal and written communication skills
- Comfortable working in a customer service-oriented environment and addressing questions from both OCC colleagues and OCC counterparties
- Ability to work well under pressure with multiple priorities and time-sensitive deadlines
- 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
- Solid understanding of securities markets, derivatives, and option trading strategies
- Experience with SQL and other data analytics tools, i.e. Tableau, Python, R, VBA macros
- Experience using Bloomberg and/or Thomson Reuters desk-top client, and ability to connect these tools to Excel
- Ability to perform counterparty credit analysis on banks including a basic understanding of the CAMEL(S) rating methodology and other rating systems
- Masters degree or demonstrable progress towards a Masters degree in Risk Management, Accounting, (Computational/Quantitative) Finance, Economics or related field preferred
- Desire to earn, or progress towards, a CFA or FRM certification
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.
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If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.
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OCC is an Equal Opportunity Employer
Posted 6 Days AgoFull timeREQ-1636
OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year - The Americas by FOW Magazine and 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.