Counterparty Credit Risk; Analyst or Manager

Job Summary

Assist in building out the Counter party Credit Risk (CCR) Management program to align with SR 11-10. Unlike credit risk of a loan, where only the lending banking organization faces the risk of loss, CCR creates a bilateral risk of loss because the market value of a transaction can be positive or negative to either counter party. Therefore, CCR is multidimensional and can be affected by the credit quality of the counter party, both of which are sensitive to market‑induced changes.

It is also affected by the interaction of these risks, for example, the correlation between an exposure and the credit spread of the counter party, or the correlation of exposures among the banking organization’s counter parties. The individual would help construct an effective risk management framework that incorporates prudent oversight and framework development, risk measurement, management reporting of exposures, and coordination of other activities (such as interconnectedness with market risk).

• Analyzes various types of public reporting (Y‑9, call, 10‑Q/K) and internal derivative and syndication/participation reports in order to create, delineate, and aggregate exposures across the enterprise. Understands CCR concepts such as Current Exposures, Potential Future Exposure, Wrong‑Way Risk, Jump‑to Default Risk, Credit Valuation Adjustment, Counter party Close out, etc.
• Assesses impact of activities on counter party credit risk and incorporates new products/services into the CCR program.
• Performs committee reporting for Capital Markets related activities, including CCR and market risk.
• Applies knowledge of the credit/market/risk management processes to ensure the appropriate balance between company risk and customer/client focus and relationship is maintained.
• Spreads financial statements and conducts loan portfolio research to determine credit quality of counter parties, including analysis of statistical data and financial statements, sensitivity analysis, industry analysis, management assessment, etc.
• Ensures the consistent use of well‑supported and factual analyses and processes to determine and recommend risk ratings.
• Follows standard operating procedures when preparing analyses, reports, and presentations for management review. Performs accurate spreading of historical financial statements.
• Analyzes projections, free of repetitious spread numbers and superfluous narrative and represents a clear focus on the merits, risks, and mitigating factors accordingly.
• Ensures each step of the process is in compliance with all company and regulatory guidelines, policies, procedures and methodology. Stays abreast of variations in laws across state boundaries as applicable.
• Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
• Performs other related duties as required.

The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Synovus is an Equal Opportunity Employer committed to fostering an inclusive work environment.

Bachelor's Degree in Business Administration, Finance, Accounting or related discipline or an equivalent combination of education and experience.

Two or more years of counter party credit, capital markets related risk management, or credit analysis experience.

• Knowledge of financial accounting theory, methodology and logic
• Ability to use department credit/lending systems and databases
• Demonstrates strong analytical ability and attention to detail
• Excellent verbal and written communication skills
• Ability to meet reasonable deadlines and prioritization of workflow
• Ability to use workflow tool
• Proficiency using Microsoft Office software products