Senior Counterparty Credit Risk Assciate
FalconX
Who are we?
FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever- evolving cryptocurrency landscape.
Impact
As a Senior Counterparty Credit Risk Associate, you will play a crucial role in managing and mitigating credit risks associated with counterparties across FalconX. Your expertise will help ensure the firm's financial stability and operational resilience by safeguarding against potential credit exposures from counterparties.
Responsibilities
- Develop and execute strategies to manage firm-wide counterparty credit risks effectively by collaborating with trading, finance, and other relevant teams.
- Conduct comprehensive counterparty due diligence, write credit assessments, determine counterparty credit ratings, assign risk appetite limits, identify potential vulnerabilities and develop strategies to mitigate these risks.
- Monitor and analyze counterparty credit metrics and exposures to ensure adequate risk management under various market conditions.
- Develop and implement credit risk metrics and monitoring tools to assess the firm's exposure to counterparties, ensuring accurate and timely reporting.
- Perform stress testing and scenario analysis to evaluate the firm's resilience to adverse credit conditions and potential worst-case scenarios related to counterparty credit.
- Stay informed about industry trends, regulatory changes, and emerging risks in counterparty credit management, providing actionable insights to inform risk management strategies.
- Prepare detailed credit risk reports for senior management, highlighting key counterparty exposures, trends, and performance metrics.
- Ensure compliance with relevant regulations and internal risk policies, particularly those affecting counterparty credit risk management, and update practices accordingly.
- Identify opportunities to enhance credit risk management processes, including automation of risk assessment and reporting procedures, and implement internal controls to safeguard against operational risks.
- Continuously update your knowledge of credit risk management practices, financial instruments, and technologies related to counterparty credit.
Success
As the Risk Manager, Counterparty Credit, you will contribute to building robust in-house capabilities for counterparty credit risk management, streamlining processes, and ensuring real-time, accurate risk information is available to all stakeholders. Demonstrate passion for working in a dynamic business environment, with enthusiasm to learn and grow within the digital assets industry. Collaborate effectively with all teams to achieve optimal financial outcomes for the organization. Exhibit strong multitasking abilities, work efficiently under pressure, prioritize tasks, and manage workload to meet internal needs.
Required Qualifications
- Bachelor’s degree in Finance, Economics, or a related field, with 5-7+ years of experience in risk management, focusing on counterparty credit risk.
- Experience working in a financial institution or financial services start-up.
- Strong analytical skills and attention to detail, with the ability to interpret complex financial data.
- Self-motivated, with great initiative and the ability to work independently.
- Maintain a high level of accuracy in all tasks.
- Strong verbal and written communication skills, with the ability to present complex concepts clearly.
Preferred Qualifications
- Experience in a Counterparty Credit Risk or Hedge Fund Credit Risk role
- Experience with credit risk management tools and software.
- Proficiency in programming languages such as Python, SQL, or R, with a focus on financial modeling and analysis.
- Prior experience in the cryptocurrency market is advantageous but not required.
Compensation
Base pay for this role is expected to be between $123,000 - $145,000 USD for New York City. This expected base pay range is based on information at the time this post was generated. This role will also be eligible for other forms of compensation such as a performance-linked bonus, equity, and a competitive benefits package. Actual compensation for a successful candidate will be determined based on a number of factors such as location, skillset, experience, and qualifications.
Notice at Collection and Privacy Policy
Applicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy here.
Inclusivity Statement
FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!
As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.
FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.
Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at [email protected], if you need assistance with participating in the application process.