Head of Counterparty Credit Risk (Hedge Funds, Proprietary Trading Firms, Broker-Dealers)

Madison-Davis, LLC; New York (NY); On-site; USD 110,000 - 275,000; Full time

Job summary

A leading financial services firm is seeking a Director of Counterparty Credit Risk to oversee its Credit Risk function. This senior role involves managing counterparty exposures across diverse financial instruments, leading a team, and ensuring regulatory compliance. Candidates should have extensive experience in credit risk management, decision-making, and team leadership.

Qualifications

• Senior credit risk professional with extensive experience in finance.
• Proven track record managing credit risk exposures and compliance.
• Experience in managing teams of credit professionals.

Responsibilities

• Lead counterparty credit risk reviews and manage exposure limits.
• Collaborate with front office and compliance to make timely credit decisions.
• Mentor and develop a team of credit risk professionals.

Skills

Credit risk management

Regulatory compliance

Team management

Real-time decision making

Education

Master's degree in Finance or related field

Job description

Head of Counterparty Credit Risk (Hedge Funds, Proprietary Trading Firms, Broker-Dealers)

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Office Status: On - Site

Salary: Up to $275,000

Job Summary:

A leading financial services firm is seeking a senior credit risk professional to lead its Counterparty Credit Risk function. This role reports directly to the Chief Risk Officer and is responsible for overseeing counterparty exposure across hedge funds, proprietary trading firms, broker-dealers, banks, and asset managers.

This is not a lending risk role. The firm’s exposure is primarily settlement (DVP) risk, with a strong emphasis on real-time credit decisions, limit management, and regulatory compliance across a range of products and electronic trading platforms. The role manages a team of 7 credit professionals.

Key Responsibilities:

• Lead counterparty credit risk reviews and manage exposure limits for a broad set of institutional clients.
• Handle daily limit requests and approvals across multiple trading desks, including electronic execution platforms.
• Apply SEC Rule 15c3-3, FINRA Rule 4210, and other regulatory frameworks in the governance of credit risk and pre-trade controls.
• Oversee the justification, documentation, and ongoing monitoring of credit limits and usage.
• Collaborate with front office, legal, compliance, and operations to ensure effective and timely credit risk decisions.
• Maintain and enhance risk policies, monitoring tools, and internal rating methodologies.
• Manage, mentor, and develop a team of 7 credit risk professionals.

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

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