Enterprise Counterparty Aggregation Team Director
| Company | Huntington Bancshares |
|---|---|
| Location | Boston, MA, USA, Detroit, MI, USA, Cleveland, OH, USA, Texas, USA, Chicago, IL, USA, Charlotte, NC, USA, Pittsburgh, PA, USA, Columbus, OH, USA, New York, NY, USA |
| Salary | $170000 – $350000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Expert or higher |
Requirements
- Bachelor’s degree in Finance, Economics, Business, or a related field
- 10+ years of experience in credit risk management, counterparty credit exposure, or related financial risk management roles within a banking or financial services institution
- Proven leadership experience, including team management and strategic project leadership
- Expertise in counterparty credit risk aggregation, financial regulations, and exposure management techniques
Responsibilities
- Lead the team in aggregating and monitoring counterparty credit exposure across the entire institution, ensuring accurate and timely reporting.
- Develop and implement strategies for effective aggregation, ensuring compliance with regulatory requirements such as Basel III and Dodd-Frank.
- Work closely with risk management teams to assess and analyze counterparty credit risk and exposures across various asset classes and products.
- Provide insight into credit exposure levels and proactively identify and manage risks associated with counterparties.
- Utilize advanced analytics and modeling techniques to aggregate exposure and identify areas requiring further mitigation.
- Work closely with Finance to ensure that counterparty credit exposure is accurately reported in internal and external reports, including regulatory filings.
- Prepare and present detailed reports to senior management and associated Risk and Finance Committees, as needed.
- Stay updated on changing regulatory requirements and ensure compliance with credit exposure aggregation rules.
- Develop and drive strategic initiatives to enhance the aggregation process, improving efficiency, accuracy, and scalability of systems and processes.
- Lead projects to upgrade and enhance risk management infrastructure, including integrating new technologies for more effective exposure management.
- Work collaboratively with internal stakeholders including Credit Admin, Finance, and Data Office to ensure seamless integration of credit exposure data across the organization.
- Engage with regulators and external auditors during reviews or examinations related to counterparty credit exposure and risk management.
- Lead and manage a team of credit risk/data professionals, fostering a culture of collaboration, innovation, and continuous improvement.
- Provide training, mentoring, and career development opportunities for team members.
Preferred Qualifications
- Master’s degree or professional certifications (e.g., FRM, CFA) preferred
- Strong knowledge of risk management systems, credit risk software, and financial modeling tools
- Advanced proficiency in Excel, and experience with coding languages such as Python or SQL is a plus
- In-depth understanding of Basel III, Dodd-Frank, and other relevant regulatory frameworks
- Knowledge of counterparty credit risk modeling and management techniques
- Familiarity with stress testing methodologies and capital adequacy assessments
- Strong leadership and team management abilities
- Exceptional analytical and problem-solving skills
- Excellent communication and presentation skills
- Ability to collaborate across departments and manage complex projects
- Deep understanding of credit risk exposure across various asset classes and trading activities
- Ability to adapt to regulatory changes and ensure compliance