Client: SMBC
Location: Jersey City (hybrid twice per week)
Visa: who has over ten years US Experience
Interview: Teams then likely final round in-person (so locals only please)
Exp Level: 10 years
As usual please do not reply to this email with submittal; send each consultant in a uniquely created email
INVESTMENT BANK EXPERIENCE REQUIRED (must be majority of experience)
Job Title: Counterparty Credit Risk Business Analyst
Job Summary:
The Counterparty Credit Risk Business Analyst (BA) will play a critical role in assessing, analyzing, and improving the counterparty risk management processes. The BA will work closely with stakeholders in risk management, technology, and front office to deliver business solutions, analyze counterparty credit exposure, and ensure compliance with regulatory and internal standards.
Key Responsibilities:
Business Analysis:
1. Collaborate with stakeholders to gather, document, and analyze business requirements related to counterparty credit risk.
2. Translate business requirements into functional specifications for IT teams.
3. Analyze data to evaluate counterparty credit exposure and identify risk mitigation strategies.
4. Work with quantitative teams to validate and enhance risk models (e.g., Potential Future Exposure, Credit Valuation Adjustment).
Risk Management:
1. Monitor and assess counterparty credit risks for trading activities, including OTC derivatives, securities financing, and lending.
2. Support the implementation of counterparty credit risk frameworks, limits, and policies.
3. Contribute to stress testing, scenario analysis, and backtesting of credit risk models.
Regulatory Compliance:
1. Ensure compliance with global regulatory requirements (e.g., Basel III, FRTB, SA-CCR).
2. Provide documentation and support for internal audits and regulatory reviews.
Project Management:
1. Lead or participate in projects aimed at enhancing counterparty credit risk systems and processes.
2. Track and report on project milestones, risks, and deliverables.
Stakeholder Communication:
1. Act as the liaison between business users, technology teams, and risk management.
2. Present findings, proposals, and updates to senior management and stakeholders.
Key Skills and Competencies:
1. Strong understanding of counterparty credit risk concepts and metrics (e.g., PFE, CVA, RWA).
2. Familiarity with financial instruments and markets (derivatives, repos, securities lending).
3. Proficiency in data analysis tools (e.g., Excel, SQL, Python) and risk systems (e.g., Murex, Calypso).
4. Knowledge of regulatory standards like Basel III, SA-CCR, and FRTB.
5. Excellent analytical, problem-solving, and communication skills.
6. Ability to manage multiple tasks and work effectively in a fast-paced environment.
Qualifications:
1. Bachelor s degree in Finance, Economics, Business Administration, or a related field.
2. Master s degree or professional certifications (e.g., CFA, FRM, PRM) is a plus.
3. 3-7 years of experience in counterparty credit risk, risk management, or a related field.
4. Experience with risk systems and technology implementations is highly desirable.
Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.