Director — Counterparty Risk and Reporting

We are partnered with a global financial institution is seeking an experienced counterparty credit risk professional to lead the development of its stress-testing capabilities and oversee associated regulatory reporting.

The following information aims to provide potential candidates with a better understanding of the requirements for this role.
The position combines responsibility for a risk analytics platform with ownership of counterparty reporting processes. You will work across Risk, Finance, Technology, Model Development and Front Office teams to improve how exposure data is calculated, reviewed and reported.
Key responsibilitiesSet priorities and guide the development of a platform supporting ongoing counterparty stress testing and regulatory capital exercises.Translate risk and reporting requirements into business specifications, working with technology and modelling teams through design and delivery.Apply knowledge of derivatives, securities financing transactions, potential future exposure and stressed exposure to assess requirements and interpret results.Oversee FR Y-14 Counterparty reporting, including the review of exposure measures and the completeness and accuracy of submissions.Maintain reporting controls covering data reconciliation, validation, governance and stakeholder attestations.Investigate reporting exceptions, identify underlying causes and coordinate corrective action.Improve data quality, reporting processes and application functionality.Explain exposure movements and analytical findings to senior management and relevant committees.Maintain supporting documentation and respond to regulatory queries, internal reviews and audits.
Experience and qualificationsAt least 10 years of relevant experience across counterparty credit risk and stress testing.Strong understanding of derivatives and securities financing transactions, including the factors driving counterparty exposures.Hands-on experience with CCAR and FR Y-14 Counterparty reporting.Experience managing reporting controls, reconciliations, validation and attestations.A record of delivering risk applications or significant enhancements, including requirements definition and prioritization.Strong analytical skills and the ability to interpret exposure model outputs.Experience coordinating stakeholders across risk, finance, technology, modelling and trading functions.A bachelor’s degree in finance, economics, mathematics, engineering or a related discipline. xzbcwsv An advanced degree or relevant professional qualification would be advantageous.