Investment Counterparty Credit Risk Manager

Franklin Templeton; Stamford (CT); Hybrid; USD 145,000 - 175,000; Full time

Job summary

Franklin Templeton is seeking an Investment Counterparty Credit Risk Manager to lead the monitoring of counterparty credit risk, enhance data analytics, and ensure coverage of risks within the organization. The ideal candidate has 6-10 years of relevant experience, strong analytical skills, and proficiency in programming languages and data visualization tools. This hybrid role requires working on-site in NYC or Baltimore three days per week.

Benefits

Three weeks paid time off

Medical, dental and vision insurance

401(k) Retirement Plan with 85% company match

Employee Stock Investment Program

Tuition Assistance Program

Qualifications

• 6-10 years in Mutual Fund/Financial Services Industry required.
• CFA or FRM designation preferred.
• Experience in credit risk function is an advantage.

Responsibilities

• Lead counterparty credit risk monitoring within the risk group.
• Enhance team's data analytics capabilities.
• Identify and communicate issues related to counterparty risk.

Skills

Communication

Analytical Skills

Attention to Detail

Independent Judgment

Organizational Skills

Education

Bachelor’s degree in Finance, Computer Science, Mathematics

Tools

SQL

VBA

Python

Power BI

Tableau

Bloomberg

MSCI Barra Risk Model

FactSet

Morningstar

Job description

At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified 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 offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.

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

This HYBRID position requires being on-site in our NYC or BALTIMORE office 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 an Investment 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.

• Identify, monitor, and communicate issues related to counterparty risk and the financial strength of FT counterparties and brokers.
• Contribute to and evolve governance and oversight of counterparty credit risk across the FT complex.
• Facilitate and support periodic counterparty reviews and new approvals.
• Liaise with other functions, including Operations, Legal and Compliance to ensure full coverage of counterparty and credit risk matters.
• Identify, reconcile, and resolve data issues related to counterparty risk. Assess and analyze the accuracy and quality of the underlying data and provide commentary for the risk trends.
• Create and run standard reports and queries, as well as design, develop, test, automate, and launch new dashboards and reporting solutions across the Regulatory Risk team.
• Ensure all reports are delivered to the appropriate client(s) and/or provided via automated processes to downstream systems by the agreed-upon date.
• Review automated validation controls and complete issue resolution process
• Respond to ad-hoc requests for portfolio risk statistical information, and perform ad hoc analyses, such as stress tests, sensitivity or hedging 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/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 programming languages, preferably VBA or R/Python, Power BI, Tableau, or other data visualization tools
• 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

Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary—designed to support the whole person and to recognize their time, talents, and results. Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. We expect the salary for this position to range between $145,000 and $175,000.

What makes Franklin Templeton unique?

In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards—the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results.

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

We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities . An emphasis on corporate citizenship is embedded in our culture and values, and is an important element of how we achieve success.

We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.

Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees, and 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 basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at Franklin Templeton Careers to learn more about our company, career opportunities and recruitment process.

Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to [e-mail] . In your email, please include the accommodation you are requesting and the job title and 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 requests for accommodations will receive a response.