Vacancy expired!
Credit Risk Rating Matrix Manager - Jersey City, Dallas, Tampa
Are you ready to explore a world of possibilities? Join our DTCC family, you'll grow your expertise and the best version of you. As you embark on a new journey, you'll tackle challenges with flexibility and grace while learning new skills, advancing your career, and having the time of your live. Why You Love This Job: You will work within a team whose primary purpose is to identify, rate, and monitor the credit risk of member and participant firms, repurchase agreement counterparties, depository banks, money market counterparties, Line of Credit Providers, and critical vendors. This team is also responsible for: - assessing the financial stability of DTCC's member firms by interpreting financial statements of banks, broker-dealers, and other financial firms;
- processes which include member reviews, ongoing surveillance, earnings releases, and new Member applications;
- maintains the Credit Risk Rating Matrix (CRRM), assesses compliance with established financial parameters, and monitors accounting and regulatory announcements that impact member firms.
As the CRRM Manager of Counterparty Credit Risk you will be responsible for oversight, maintenance, and enhancement of the Credit Risk Rating Matrix (CRRM). We can't wait to meet you! Your Responsibilities : - Oversee the full recalibration of the CRRM model every 3-5 years
- Maintain a tracking log of suggested improvements to the CRRM model, based on feedback from CCR team, MVC, and QRM, as well as research on industry best practices
- Conduct research to benchmark CRRM vs. other rating tools, including external rating agencies, firms that aggregate credit ratings, and other relevant sources. Act as a point person on negotiations with any potential vendors that could assist with benchmarking.
- Conduct training and oversee ongoing enhancement to guidance for qualitative factor assessments, including adding quantitative factors for guidance, with the goal of improving consistency of assessments across firms and analysts, and over time
- Compile Portfolio Reviews of DTCC member firms, which provide a high-level overview of the population of members.
- Assist with creation and review of model performance monitoring reports and presentation of information to internal risk committees
- Partner with the CCR team on any credit rating or model related questions pertaining to day to day usage
- Coordinate any enhancements or changes to the model with our IT team for development and build
- Participate in audit and regulatory exams
Talents Needed for Success: - Minimum 7 years of related experience
- Bachelor's Degree or Master's and/or equivalent experience
Additional Qualifications: -
- 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 their impact on members' financial condition
- Advanced skills in SQL, Microsoft excel, and macros
Who We Are: With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2018, DTCC's subsidiaries processed securities transactions valued at more than U.S. $1.85 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $52.2 trillion. DTCC's Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes over 14 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn , Twitter , YouTube and Facebook About UsAbout DTCCDTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry's needs and we're working to continually improve the world's most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.Our work environment favors openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind. About the TeamOur Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems. Vacancy expired!
