Counterparty Credit Risk Manager

Franklin Templeton; Boston (MA); Hybrid; USD 145,000 - 175,000; Full time

Job summary

A leading investment firm in Boston is seeking a Counterparty Credit Risk Manager to lead monitoring efforts within the investment risk team. The ideal candidate will have 6 to 10 years of experience in the financial services industry and a strong background in credit risk. This hybrid role requires being on-site three days a week. The company offers a competitive salary between $145,000 and $175,000, along with a comprehensive benefits package.

Benefits

401(k) with generous match

Paid time off for vacation and holidays

Comprehensive healthcare options

Tuition Assistance Program

Qualifications

• 6 - 10 years relevant work experience in Mutual Fund or Financial Services industry.
• CFA or FRM designation preferred.
• Experience in credit risk function is an advantage.

Responsibilities

• Lead counterparty credit risk monitoring within the risk group.
• Engage with stakeholders to understand business needs.
• Evaluate market events impacting trading counterparties.
• Prioritize technology initiatives related to counterparty risk.

Skills

Counterparty credit risk monitoring

Analytical skills

Communication skills

Attention to detail

Education

Bachelor’s degree in Finance, Computer Science, Mathematics

Tools

SQL

Bloomberg

Power BI

Tableau

Job description

At Franklin Templeton, we’re advancing our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we provide opportunities to help you reach your potential while helping our clients reach theirs.

Come join us in delivering better outcomes for our clients around the world!

This HYBRID position requires being on-site in one of our office locations 3 days per week.

We are unable to offer visa sponsorship/transfer for this position.

What is the Investment Risk Team responsible for?

The Investment Risk Team's primary function is to provide the second line of defense for Investment Risk.

What are the ongoing responsibilities of a Counterparty Credit Risk Manager?

The primary function of this position is to lead counterparty credit risk monitoring within the risk group, as well as support other aspects of regulatory risk across FT funds, including global regulatory programs. You’ll also leverage your technical skills to enhance the team's data analytics capabilities.

• Lead the strategic vision for the Counterparty Risk team and refine it as business priorities evolve.
• Engage with key stakeholders to understand business needs and communicate the team's strategic vision effectively.
• Facilitate and support periodic counterparty reviews and new approvals.
• Evaluate market events impacting trading counterparties and decide on necessary actions or escalations.
• Liaise with other functions, including Operations, Legal and Compliance to ensure full coverage of counterparty and credit risk matters.
• Represent Investment Risk Management within the Counterparty Credit Committee, providing strategic direction and oversight of counterparty risk management efforts.
• Work effectively within the Risk team and across other functions to prepare committee materials, discussion items and document outcomes.
• Prioritize the technology initiatives related to counterparty risk and lead modernization efforts.
• Respond to ad-hoc requests for risk information, and perform ad hoc analyses, such as stress tests, sensitivity, or other analysis given various market conditions.

What ideal qualifications, skills and experience would help someone to be successful?

• Bachelor’s degree in Finance, Computer Science, Mathematics, or other quantitative discipline
• 6 - 10 years relevant work experience REQUIRED in the Mutual Fund or Financial Services industry
• CFA or FRM designation preferred
• Experience within a credit risk function will be an advantage
• Strong verbal and written communications skills
• Strong attention to details and excellent analytical skills
• Ability to work independently, perform mathematical calculations/analysis and to exercise independent judgment consistent with department guidelines
• Ability to organize and prioritize workflow and to coordinate the work of others
• Ability to accurately proofread documents and work under pressure, and the ability to perform multiple tasks in a fast-paced, team environment

What technology skill sets are critical to the success of this role?

• Experience in SQL experience for data extraction, manipulation, and analyses, including complex joins
• Experience using financial/risk application/software, Bloomberg, MSCI Barra Risk Model, FactSet, and Morningstar
• Experience in programming languages, preferably VBA or R/Python, Power BI, Tableau, or other data visualization tools

Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary — designed to supporttheir well-being and recognize their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options,insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement forcertain educationexpenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the annual salary for this position to range between $145,000 – 175,000, depending on location and level of relevant experience, plus discretionary bonus.

When applying, please be sure to attach your resume / CV. Applications without a resume file attachment will not be reviewed.

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Experience our welcoming culture and reach your professional and personal potential!

Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.

Hear more from our employees

By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life’s adventures, taking care of your family members, or making a positive impact in your community, we aim to have your needs covered. Learn more about the wide range of benefits we offer at Franklin Templeton.

Highlights of our benefits include:

• Three weeks paid time off the first year
• Medical, dental and vision insurance
• 401(k) Retirement Plan with 85% company match on your pre-tax and/or Roth contributions, up to the IRS limits
• Employee Stock Investment Program
• Tuition Assistance Program
• Purchase of company funds with no sales charge
• Onsite fitness center and recreation center*
• Onsite cafeteria*

*Only applicable at certain locations

Learn more about the wide range of benefits we offer at Franklin Templeton

We are committed to fostering a respectful, safe and inclusive environment for all applicants and existing employees. We evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other status protected by federal, state or local law, ordinance or regulation

If you believe that you need an accommodation or adjustment to search for or apply for one of our positions, please send an email to [e-mail]. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.