Analyst, Counterparty Credit Risk
ETRADE is a leading financial services company and a pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the company has long been at the forefront of the digital revolution, offering easy-to-use solutions for individual investors and stock participants. Founded on the principle of innovation and determined to level the playing field for individual investors, ETRADE delivers digital platforms, tools, and professional assistance to help investors and traders meet their near-and long-term investing goals. The Company provides these services both online and through its network of customer service representatives and financial consultants - over the phone at two national branches and in-person at 30 ETRADE branches.
ETRADE's Counterparty Credit Risk (CCR) Team, which falls under the Risk Management Department, monitors and mitigates counterparty credit risk for capital markets-related activities, primarily supporting ETRADE's Corporate and Bank Treasury functions. This is achieved through the assessment and formal reporting of counterparty creditworthiness along with ongoing monitoring of a counterparty's financial soundness aligning with ETRADE's Risk Appetite Statement. The CCR Team also supports ETRADE's Third Party Oversight function by reviewing the financial strength of its critical vendors. The right candidate for this role must have a high level of accuracy and attention to detail while being able to multi-task and collaborate with internal and external business partners
Complete initial and periodic written counterparty credit reviews via fundamental credit analysis, market updates, relevant industry news and research, and where appropriate, client due diligence
Provide recommendations to senior management based on the counterparty analysis performed
Conduct research on relevant industry and regulatory trends related to counterparty credit risk
Develop an understanding of how financial and capital markets transactions, including derivative and forward-settled transactions, generate counterparty credit exposure
Develop market and policy understanding with respect to mitigating counterparty credit risk
Develop and produce insightful and actionable reporting on overall counterparty risk in various portfolios
Monitor news and market indicators daily of assigned counterparties and conduct follow-up when appropriate
Collaborate with Third Party Oversight to complete initial and periodic vendor financial strength reviews
Complete ad hoc projects and reports as requested, such as portfolio trend analysis, report automation, and presentations to senior management in a timely manner
2+ years of relevant work experience
Risk-related experience in financial services or other regulated industries preferred
Experience in financial statement analysis required
Familiarity with financial products such as derivatives, repurchase agreements, securities lending and borrowing and other fixed income instruments along with the respective contracts for each
Proficient with MS Office, especially Excel
Strong verbal, written, and presentation skills
The ability to work independently and complete work in a timely manner
We offer a competitive and comprehensive benefits package. Please visit https://etradecareers.com/why-work-at-etrade/employee-benefits to learn more about the opportunities.
ETRADE Financial is an Equal Opportunity Employer who encourages diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, disability, citizenship, marital status, sexual orientation, gender identity, military or protected veteran status, or any other characteristic protected by applicable law.
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