Director- Global Counterparty Credit Risk recruitment
Director, Global Counterparty Credit Risk Management
Our client is a global investment bank that is looking to identify a Senior Credit Risk Manager with markets knowledge of the repo product and securities lending business. This person will be responsible for the market and credit risk management of the global securities lending (repo) business. Qualified candidates will monitor the credit risk of the repo counterparty and the market risk of all collateral held against the loan and will require strong knowledge of risks associated with all possible collateral types.
* Candidate should be a subject matter expert of the Global Repo and Securities Lending market as well as Futures and Options.
* Support a large global investment bank's funding and stock loan activity from a credit standpoint.
* Assist business and credit with execution of non-standard transactions and Agreements.
* Portfolio/trend and emerging risk analysis of the Global Funding Book.
* Liaison with Credit Officers that underwrite repo lines to ensure appropriate understanding of risk and limits.
* Liaison with Market Risk, Finance, Operations, senior management and regulators.
* Approval of non standard trades
* Management of correlated repo and wrong way risk exposure.
Required Skills
* Familiarity with industry best practices and Reg Reform changes impacting repo markets, including BASEL.
* Familiar with all types of collateral and ability to recommend reasonable haircuts. Collateral includes governments, corporate, equity and structured products.
* Ability to structure trades to mitigate risk.
* Strong interpersonal and communication skills.