CREDIT RISK MANAGER develops and implements policies and procedures that reduce credit risk for a financial institution. Manages the building of financial models that predict credit risk exposure to the organization. Being a CREDIT RISK MANAGER oversees the preparation of performance reports for management. May require a master's degree. Additionally, CREDIT RISK MANAGER typically reports to a head of a unit/department. The CREDIT RISK MANAGER manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a CREDIT RISK MANAGER typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
Description
The Credit Risk Analyst will be responsible for identifying, evaluating, measuring, monitoring, and documenting key risks related to CME Clearing’s counterparties and exposures. The primary responsibility of the Analyst is to assess and monitor the credit risk of counterparties and assign internal credit ratings to the counterparties utilizing internal models. The Analyst will need to identify relevant business, market and other risks faced by the counterparties on a daily basis. A successful candidate will have experience with financial statement analysis and financial writing, as well as knowledge of financial institutions (banks, broker-dealers, trading firms) and derivatives markets.
Responsibilities:
Leverage financial analysis and industry/market research to evaluate CME Clearing’s counterparties and exposures
Monitor markets and counterparties daily and report out notable news items and how they will impact CME Clearing and its counterparties during weekly risk meetings, and on an ad hoc basis as necessary
Utilize internal credit model, as well as internal and external data and documentation, to rate all counterparties and complete credit rating documentation
Perform daily risk processes to monitor and analyze clearing member trading activity
Present analysis and other projects to senior management team
Participate in onsite due diligence reviews of CME Clearing’s counterparties
Skills and Software Requirements:
BA or BS in a finance, accounting, business or quantitative field
1-3 years of credit, finance, accounting or risk management work experience
Excellent written and verbal communication skills
Working knowledge with Microsoft Suite and Bloomberg
Self-motivated professional
Strong analytical, quantitative, and organizational skills
Ability to shift fluidly between multiple projects as priorities change
Ability to work independently accurately and to meet deadlines
Must work well in a team environment
5% travel required
At CME Group, we embrace our employees' diverse experiences, cultures and skills, and work to ensure that everyone’s perspectives are acknowledged and valued. As an equal opportunity employer, we recognize the importance of a diverse and inclusive workplace and consider all potential employees without regard to any protected characteristic.