Risk, Credit Risk, Private Wealth Management Associate, Salt Lake City

Risk, Credit Risk, Private Wealth Management Associate, Salt Lake City

The Risk Division is charged with managing the firm's credit, market, liquidity, and operational risk. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance oversight, our work contributes directly to the firm's success. The division is ideal for collaborative individuals who enjoy an environment that fosters constant learning, are interested in supporting growth of the Firms many business activities and have strong personal ethics and attention to detail.

Department Overview

Credit Risk is responsible for opining on and managing trading & lending activities as well as evaluating/monitoring the financial health of the Firm's many clients. Credit professionals work closely with many areas of the firm and gain diverse financial expertise as well as broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a varied and multi-dimensional work environment.

• Review private client lending and derivatives transactions, determine fit with risk appetite and approve counterparty risk ratings, having developed an independent view of financial information, collateral terms and key documentation protections proposed.
• Support senior credit team members in the review and escalation of large lending transactions including through to capital committee. Participate in business selection committee meetings
• Portfolio monitoring of active positions, surveilling industry and counterparty specific risks followed by recommending appropriate action
• Support senior leaders in responding to internal and external stakeholders regarding processes, policies, and participate in various projects associated with those asks or to improve and uplift existing practices.
• Develop relationships with key industry participants inside and outside the firm

• Minimum of 3 years of credit risk management experience, with a preference for background in private client credit risk
• Experience in private banking products including securities based loans and structured loans
• Experience assessing risk associated with a wide range of derivatives trades
• Demonstrable track record of independent decision making and the ability to steer client/business negotiations

• Technical Skills - Demonstrates strong technical skills required for the role, pays attention to details, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
• Tenacity and Drive - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards challenging goals and persists in the face of obstacles or setbacks
• Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with internal clients, helps the client to identify/define needs and manages business expectations around risk situations
• Teamwork - demonstrates characteristics of a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
• Communication Skills - Communicates what is relevant and important in a clear and concise manner, shares information/new ideas with others, and demonstrates judgment to escalate as appropriate
• Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
• Creativity/Innovation - Looks for ways to improve current processes and develop creative solutions that are grounded in reality and have practical value