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Job Description
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RISK MANAGER $72K
Risk Manager is responsible for planning, directing, and administering risk programs and ensures that the company consistently and timely identifies, characterizes, and values credit risk. This position oversees activities related to credit risk rating and assessment as well as exposure monitoring of all market participants in the market. The Manager implements a credit policy and procedures and provides input and guidance to the market committees responsible for development of market protocols. Essential functions include: direct and oversee the Credit Administration function; develop and support credit risk measurement models for the market for individual market participants including mark to market value for financial instruments and for the market portfolio including quantitative modeling and exposure analysis using PFE model as well as other emerging credit related models; act as primary spokesperson to external parties (market participants, suppliers, etc.) concerning all credit topics; oversee the evaluation of creditworthiness of market participants and vendors, the assignment of unsecured credit, and the enforcement market-wide and individual credit risk levels; develop and promote adherence to credit policies and procedures, credit measurement, and reporting; oversee ongoing credit portfolio management through monitoring exception reports, reviewing risk ratings, exposure assessments, and collateral management; provide management, the Board of Directors, and stakeholders appropriate credit data and work with them to maintain, update, and implement credit policies; manage bankruptcy and legal issues as they pertain to default of market participants.
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Desired Qualities
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- Bachelor's degree in Accounting, Finance or related field
- 8 years of progressively responsible experience in risk management, commercial lending, credit administration, credit risk, credit review, or exposure modeling, preferably in a trading or commodities sector
- Strong experience with statistical methodologies and financial modeling
- 5 years of experience in a managerial role
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