Counterparty Credit Risk Officer

Description

Citizens JMP Securities, Inc., Citizens Institutional Broker-Dealer, is seeking a highly skilled Broker-Dealer Credit Risk Officer to provide specialization and working knowledge of Non-Bank Financial Institutions including Insurance Companies, Broker-Dealers, Investment Managers, Hedge Funds, Mutual Fund Families, and others.

Position Overview: 

In this role, you will be responsible for overseeing, designing, and implementing a Credit Risk methodology for counterparties on an individual / sector / portfolio basis. This would require the utilization of market data, the review / approval by Citizens Model Risk team as well as an understanding of the following trading businesses: Equities, Options, High Yield Bonds, and Derivatives via ATM Forwards.

Key Responsibilities:

• Provide counterparty limits during client onboarding as well as an annual portfolio review of all active counterparties.
• Provide timely and accurate reports when needed to follow-up on monitoring results for trading activity and limit requests.
• Ability to maintain credit files and folders to make sure everything is accurate to field internal audit reports and credit quality control.
• Ability and knowledge of Excel to coordinate spreadsheets and information of trading systems.
• Ability to partner with Trading desks to obtain sufficient financial data / information from clients to provide appropriate limits.
• Analyze quality risk indicators (trends, variations, problems) to minimize losses (less complex analysis)

Key Skills to Success:

• Ability to function as part of a flat organization, manage several projects at once and work effectively as an individual and as part of multiple trading / Risk / Compliance teams.
• Self-starting team player who can think strategically and excel in a fast-paced, entrepreneurial, challenging work environment.

Education / Experience

• Bachelor’s degree in finance, Accounting, or related field with 3-5 years of Finance, Credit Risk, or Trading experience. Work experience may substitute for education requirements.
• Demonstrated aptitude for quantitative and qualitative analysis with a solid understanding of financial statements, financial modeling and company or industry analysis.

Preferred Qualifications and Credentials

• FINRA Licenses: 7, 24, 57, 63, or ability to obtain within reasonable timeframe.
• Strong analytical skills, including experience with programming and query languages (e.g., SQL) for enhanced data analysis.
• Ability to design / create databases to preserve and provide time-horizons on business trends for visualization and analysis purposes (Tableau, PowerBI, etc.)

Hours & Work Schedule 

• Hours per Week: 40
• Work Schedule: M-F

Pay Transparency

The salary range for this position is $111,240 - $150,000, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.  

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

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Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens), provides equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability, or history or record of a disability, ethnicity, gender, gender identity or expression, transgendered and transitioning individuals, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day and where all are expected to be treated with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. We perform our best so we can do more for our customers, colleagues, communities and shareholders.