Job Description:
VP role within Global Counterparty Credit Risk management will be responsible for supporting the team’s counterparty credit coverage of financial institutions: primarily Mortgage Originators and other consumer ABS counterparties.
The role will be instrumental in with ongoing management and growth of Fixed Income business & TBA hedging with Banks and Mortgage Originators.
The position requires close interaction with the front and middle office, Legal, Collateral Management, and related internal corporate functions including: Treasury, Information Technology, Regulatory, Market Risk, Risk Operations among others.
Primary Responsibilities:
Work with clients to obtain needed credit information;
Conduct counterparty credit due diligence calls;
Review and draft the key credit terms in legal agreements;
Complete internal credit ratings models and counterparty credit reviews;
Review daily credit monitoring reports across the various businesses to ensure compliance with established credit limits and margin terms;
Provide commentary and propose remediation for limit exceptions to senior management and work with the Business to remediate;
Perform ongoing client financial, credit, and industry surveillance;
Develop working relationships and coordinate efforts closely with internal front office partners and colleagues across Risk and other corporate functions;
Enhance existing and/or create additional credit reports and presentations as needed
Maintain credit pipeline of potential new counterparties;
Required Background/ Skills:
5 – 10 years of experience in Counterparty Credit Risk, specifically Mortgage and other ABS counterparties
BA or equivalent, MBA preferred.
Formal credit training preferred.
Proficiency in financial statement analysis.
Financial and/or banking industry experience, with working knowledge of industry traded products preferred.
Experience with legal agreements including: MSLAs, MRAs, MSFTAs, ISDA and MCAs.
Solid communication skills, both verbal and written.
Strong Excel and modeling skills.
MS Office Suite and Bloomberg proficiency.
The salary range for this role is $130,000 - $200,000.
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