Associate Director - Counterparty Credit Risk

Crisil; Mumbai; On-site; INR 1,500,000 - 2,200,000; Full time

Job summary

A leading financial services firm based in Mumbai is seeking an Associate Director - Counterparty Credit Risk to lead consulting projects and advise clients on regulatory challenges. The ideal candidate will have over 10 years of experience in financial services, with a strong focus on counterparty credit risk and regulatory frameworks. This position offers a chance to influence financial strategies and mentor junior team members.

Qualifications

• Minimum experience of 10+ years in financial services.
• 3-5 years in a similar role at a Big 4 or leading management consulting firm.
• Deep understanding of financial instruments and markets.
• Experience with SA-CCR, IMM, FRTB CVA regulatory frameworks.

Responsibilities

• Lead and manage consulting projects in counterparty credit risk.
• Advise clients on complex regulatory challenges.
• Conduct quantitative analysis and stress testing.
• Develop solutions for XVA & CCR risk metrics.
• Identify and pursue new business opportunities.

Skills

End-to-end project delivery in counterparty credit risk

Stakeholder management

Building and training teams

Excellent analytical skills

Strong interpersonal skills

Proficiency in data analysis tools

Job description

Associate Director - Counterparty Credit Risk

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Responsibilities

• Lead and manage end-to-end consulting projects in counterparty credit risk, including analytics, testing & validation, and implementation of risk frameworks.
• Advise clients on complex regulatory challenges, particularly those related to the Fundamental Review of the SA-CCR, IMM and FRTB CVA.
• Conduct quantitative analysis, stress testing, and scenario analysis to assess and mitigate CCR exposure.
• Develop and implement solutions for XVAs (CVA, MVA, KVA) & CCR risk metrics (PFE, EPE, EAD, sensitivities) to help clients price & risk manage their derivative portfolios effectively.
• Work with senior leadership to identify and pursue new business opportunities in the market risk and CCR space.
• Contribute to the development of proposals, presentations, and client pitches.
• Conduct market research to identify emerging trends, regulatory shifts, and client needs to inform our service offerings.
• Build and expand the firm's network within the financial services industry.
• Lead internal research initiatives on cutting-edge topics like the impact of FRTB on bank's trading desk and how to redesign their risk governance framework to comply with the regulation.
• Author white papers, articles, and blog posts to showcase our expertise and build the firm's brand.
• Mentor junior team members and contribute to the firm's knowledge base and training programs.
• Serve as a trusted advisor to senior-level clients, including C-suite executives and heads of risk and front office.
• Collaborate with internal teams, including quantitative analysts, technology experts, and project managers, to ensure successful project delivery.
• Navigate complex client relationships and manage expectations throughout the project lifecycle.

Qualifications And Experience

Minimum experience of 10+ years in financial services with mandatory 3-5 years in a similar role at a Big 4 or a leading management consulting firm, with a strong focus on FIC.

• Demonstrated experience with end-to-end project delivery in counterparty credit risk, including stakeholder management, building & training teams, and thought leadership.
• A deep and hands-on understanding of financial instruments, markets, and the key drivers of liquidity risk.
• Excellent analytical and problem-solving skills with the ability to translate complex financial concepts into clear and actionable advice.
• Strong interpersonal, communication, and presentation skills.
• Experience with relevant regulatory frameworks (e.g., SA-CCR, IMM, FRTB CVA) and CCR analytics.
• Proficiency in data analysis tools and risk management software.

Skills

• Total experience of 10+ in financial services with mandatory 3-5 years of experience in a similar role at a Big 4 or a leading management consulting firm, with a strong focus on FIC.
• Demonstrated experience with end-to-end project delivery in counterparty credit risk, including stakeholder management, building & training teams, thought leadership.
• A deep and hands-on understanding of financial instruments, markets, and the key drivers of liquidity risk.
• Excellent analytical and problem-solving skills, with the ability to translate complex financial concepts into clear and actionable advice.
• Strong interpersonal, communication, and presentation skills.
• Experience with relevant regulatory frameworks (e.g., SA-CCR, IMM, FRTB CVA) and CCR analytics.
• Proficiency in data analysis tools and risk management software.