VP Counterparty Credit Risk Review Officer

The Counterparty Credit Risk Review Officer will lead independent assessments of counterparty credit risk across the bank's Global Markets portfolio, with coverage spanning financial institutions, broker-dealers, hedge funds, sovereigns, and traded products. This role ensures the integrity of credit risk ratings, exposure management, and underwriting practices for complex, market-facing transactions. Client Details

Leading domestic bank.

Description

Key Responsibilities:

• Conduct independent reviews of counterparty credit exposures across global markets, including derivatives, securities financing, prime brokerage, and structured products.
• Evaluate creditworthiness of financial institutions, sovereigns, and alternative investment counterparties using qualitative and quantitative analysis.
• Assess risk rating accuracy, exposure limits, collateral arrangements (e.g., CSA terms), and margining practices.
• Review documentation, netting enforceability, and legal entity structures to validate risk mitigation.
• Analyze potential wrong-way risk, stress scenarios, and concentration risks across traded products.
• Prepare comprehensive review reports highlighting strengths, weaknesses, and actionable recommendations.
• Engage with front office, credit risk, legal, and operations teams to validate findings and promote sound risk practices.
• Monitor market developments, regulatory changes (e.g., Basel III/IV, SA-CCR), and emerging counterparty risks.
• Support internal audit, regulatory exams, and senior management reporting with clear, data-driven insights.
• Contribute to the evolution of the credit review framework for traded products and financial counterparties.

Profile

• Bachelor's degree in Finance, Economics, or related field; advanced degree (MBA, MS, CFA, FRM) strongly preferred.
• 7+ years of experience in counterparty credit risk, credit review, or traded product risk within a global bank or financial institution.
• Deep understanding of derivatives, securities lending, repo, prime brokerage, and structured finance products.
• Familiarity with regulatory frameworks including Basel, Dodd-Frank, EMIR, and SA-CCR.
• Strong grasp of legal documentation (ISDA, CSA, GMRA, GMSLA) and enforceability issues.
• Exceptional analytical skills with experience in stress testing, exposure modeling, and risk rating methodologies.
• Excellent communication and presentation skills, with the ability to influence senior stakeholders.
• Proficiency in risk systems and tools (e.g., Bloomberg, Calypso, Murex, or similar platforms).
• Ability to work independently and manage complex reviews across multiple geographies and asset classes.

Job Offer

$140,000 - $195,000 base salary.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.