Lead Associate Principal, Core Credit

THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP*****

This role will be primarily responsible for safeguarding OCC by ensuring that OCC only admits and transacts with clearing members and other counter parties that are financially and operationally sound, and meet the expectations of OCC’s management, superiors, and Board.

Monitors assigned OCC clearing members and bank relationships through identifying, measuring, monitoring, managing, and reporting the various forms of credit risks introduced to OCC by these counter parties. Conduct yourself within the department’s processes and controls and demonstrate understanding of OCC’s Framework for Risk Management and work with senior management in Financial Risk Management to ensure OCC is at the forefront of credit risk management capabilities.

This person should continually assess current systems and capabilities supporting CRM processes and recommend to Credit Risk Managers/Directors any enhancements necessary to be at the leading edge of credit risk management. This individual will may lead projects related to those enhancements to ensure successful implementation and conclusion.

Awareness of overall financial industry trends, regulatory developments, OCC rules, and overall credit risk management best practices is necessary to lead OCC in the development of credit risk management frameworks, tools, and solutions that both protect OCC from credit losses and provides the industry with greatest benefit. This role may serve as a subject matter expert related to external inquiries of OCC from clearing members, banks and auditors (independent and regulatory).

This person ensures they are communicating relevant credit risk information to various senior OCC staff, conducting ad‑hoc projects, and presenting analysis to senior OCC staff.

Present and participaptewith internal Working Groups, direct communications to the Chief Financial Risk Officer, interact with the Management Committee, and regulators as needed. Works under a high demand for independent judgement.

• Independently monitor, analyze, and evaluate the ongoing creditworthiness of counter parties and their compliance with OCC rules and other regulatory requirements, including analysis of financial statements to identify levels and trends in key metrics and ratios, awareness of material news and event disclosures, collaborative interaction with counter parties to identify root cause of issues or concerns, and escalation of counter parties requiring enhanced surveillance to department management.
• Independently monitor, analyze, and evaluate assessments of clearing members’ and other counterpartys’ financial condition, risk management and operational policies, procedures, processes, staff, and systems to understand how the member is monitoring and mitigating its risk to OCC.
• Accountable for creating, analyzing, and evaluating output of CRM’s periodic exams of existing clearing members and other counter parties, escalating identified credit concerns to Management as needed.
• May participate on requests for new or expanded clearing member and other counter party relationships, including recommendations for protective covenants, where necessary.
• Responsible for identifying and escalating to Management when clearing members or other counter parties may require enhanced credit surveillance and/or additional risk mitigation.
• Foster and maintain strategic relationships with senior staff of FRM, other departments and external stakeholders, demonstrating a high degree of professional prescence.
• Conduct annual reviews of credit risk methodologies and practices, leading the evaluation of potential enhancements, identifying and escalating to Management.
• In the course of daily business, identify and escalate risk management needs and may lead development of new credit risk management systems and overall capabilities.
• Work closely with senior leaders on projects and cross‑department collaboration.
• Participate in interactions with regulators, exchanges and other external parties, as needed, on formal exams of CRM or ongoing requests for information.
• Identify and elevate risk…