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VP, Counterparty Credit Risk – Governance & Strategy

  • New York, NY
  • Full Time

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Office Status: Hybrid
Salary: $109,000 – $176,000

Responsibilities:

  • Perform and maintain gap analysis of firm’s counterparty credit risk framework against SR 11-10 (Interagency guidance on Counterparty Credit Risk)
  • Review New Product Committee memos and provide counterparty credit risk comments.
  • Review and monitor risk appetite statement and key risk indicators.
  • Drive discussions on any enhancements to risk appetite statement, key risk indicators and formalize approvals.
  • Drive discussions to track/prioritize/resolve CCR issues (with analytics team, model validation, IT/systems, and other stake holders) to enhance CCR Framework
  • Facilitate discussions with stakeholders for enhancing and finalizing stress testing scenarios.
  • Lead projects and strategic initiatives to continuously enhance CCR Framework to implement Target Operating Model
  • Represent CCR team in any firmwide initiatives, participate in UAT and perform any impact analysis; facilitate CCR management approvals.
  • Facilitate discussion among various stakeholders (Risk Analytics, CCR Analytics, Model validation, Internal Audit, Credit Review and FO stakeholders) for any CCR related items.
  • Lead discussions and facilitate material for internal (internal audit or credit risk review) or external (Regulatory) exams.
  • Liaise with various groups within Capital Markets for the quick resolution of credit exposure-related issues.
  • Maintain CCR policy and procedures.
  • Undertakes other credit control tasks and projects as required.