The Head of Counterparty Credit Risk position at the client, a corporate and investment bank in New York, involves leading the assessment, monitoring, and management of counterparty credit risk for traded products. Responsibilities include developing risk policies, frameworks, and strategies, overseeing credit risk analysis for various financial products, and collaborating with internal teams to ensure compliance with industry standards and regulatory requirements. The successful candidate will also be responsible for conducting stress testing, scenario analysis, and portfolio risk assessments, as well as providing insights and recommendations to senior stakeholders.
The ideal candidate for this role will have extensive experience in traded credit risk and counterparty risk management, with a strong knowledge of derivatives, repos, swaps, total return swaps, and structured finance products. They should also have proven leadership experience at an Executive Director level or equivalent, expertise in risk modeling, stress testing, and regulatory frameworks, and strong analytical and problem-solving skills. Excellent communication and stakeholder management abilities are also required. The salary range for this position is $225,000 to $350,000.
Overall, the Head of Counterparty Credit Risk role at the client involves shaping deals and risk in real time with traders, influencing high-stakes trades and credit decisions, and leading a team of risk professionals to foster a culture of risk awareness and continuous improvement.