Lead Associate Principal, Core Credit - Chicago - OCC

 Independently monitor, analyze, and evaluate the ongoing creditworthiness of counterparties and their compliance with OCC rules and other regulatory requirements, including analysis of financial statements to identify levels and trends in key metrics and ratios, awareness of material news and event disclosures, collaborative interaction with counterparties to identify root cause of issues or concerns, and escalation of counterparties requiring enhanced surveillance to department management.

Independently monitor, analyze, and evaluateassessments of clearing members' and other counterpartys' financial condition, risk management and operational policies, procedures, processes, staff, and systems to understand how the member is monitoring and mitigating its risk to OCC.

Accountable for creating, analyzing, and evaluating output of CRM's periodic exams of existing clearing members and other counterparties, escalating identified credit concerns to Management as needed.

May participate on requests for new or expanded clearing member and other counterparty relationships, including recommeendations for protective covenants, where necessary.

Responsible for identifying and escalating to Management when clearing members or other counterparties may require enhanced credit surveillance and/or additional risk mitigation.

Foster and maintain strategic relationships with senior staff of FRM, other departments and external stakeholders, demonstrating a high degree of professional prescence.

Conduct annual reviews of credit risk methodologies and practices, leading the evaluation of potential enhancements, identifying and escalating to Management.

In the course of daily business, identify and escalaterisk management needs and may lead development of new credit risk management systems and overall capabilities

Work closely with senior leaders on projects and cross-department collaboration

Participate in interactions with regulators, exchanges and other external parties, as needed, on formal exams of CRM or ongoing requests for information.

Identify and escalate risk management policies consistent with risk management best practices

Drive business results by continuously demonstrating a strong bias for action through ownership and accountability

Particpate in OCC culture, value, and competency initiatives, including a focus on achieving strong engagement results.

Effectively challenge existing processes on an ongoing basis.

Participate in remediation efforts related to regulatory or internal audit findings and observations. Ensure remediation addresses root cause, improves OCC's residual risk, and is completed in a timely manner.

Mentor and train junior staff in Credit Risk practices, processes, and procedures.

[Required] Ability to critically assess counterparties, including a deep understanding of the CAMEL(S) rating methodology and other industry accepted credit rating methodologies

[Required] Ability to read and understand financial statements, brokerage statements, and accounting records

[Required] Strong knowledge of SEC/CFTC regulatory rules and regulations related to credit risk management.

[Required] Strong knowledge of the financial services industry, including the financial, market, liquidity and operational risks of broker-dealers, futures commission merchants, commercial banks, pension funds, and financial market utilities

[Required] Strong understanding of securities markets, derivatives, and option trading strategies

[Preferred] Strong knowledge in asset classes like equities, interest rates, volatility, commodities, and foreign currencies

[Required] Familiarity with statistical concepts including VaR, Expected Shortfall, Student-T and Normal Distributions

[Required] Participate in OCC efforts for inclusion of new products in OCC's clearing system, including model or methodology development, membership standards and regulatory approvals

[Required] Strong understanding of business collaboration with IT teams in requirements development and user-testing

[Required] Must be able to work in a team environment, be responsive to Executive Management

[Required] Must possess strong oral and written communication and presentation skills with both business and quantitative departments

[Required] Proven leadership abilities

[Required] Demonstrated analytical and problem-solving skills and the ability to work in fast-paced collaborative environment

[Required] Must be able to work under deadlines and manage multiple tasks

[Preferred] Knowledge and experience with the processes to onboard and monitor securities lending counterparty

[Required] Broad knowledge in mathematical finance, financial econometrics, derivative instruments and risk management

[Required] Strong knowledge of spreadsheets, MS Excel preferred

[Required] Strong skills for presentations to senior management

[Required] Strong knowledge in the creation of presentations, MS PowerPoint preferred

[Required] Intermediate Knowledge of data bases, SQL, Python, and data visualization (Tableau or Power BI)

[Required] MBA or MS degree in Accounting, Finance, Economics or equivalent discipline

[Required] Analytical and problem solving skills

[Required] Experience collaborating on a team of experienced individuals and analysts

[Required] 7+ years of experience in Risk Management

[Required] Experience in financial services/ regulated capital markets infrastructure

[Preferred] Experience with a broker-dealer, FCM, exchange, regulator, or clearing house

[Preferred] Depth and breadth of experience in a highly regulated industry, like financial services, and an understanding of rules/regulations that govern them.

[Preferred] CFA or FRM certification