Quantitative Risk Analyst: Counterparty Credit (CCR)

NCSL International

New York, Northern (NY, KY)

Hybrid

USD 90,000 - 155,000

Full time

4 days ago

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Benefits offered by this job

Discretionary incentive

Benefits eligible

Job summary

Bank of America is seeking a credit risk professional to conduct quantitative analysis for counterparty credit risk in Global Markets. Responsibilities include managing stress-based CCR limits, supporting underwriting, and delivering regulatory reports.

You will collaborate with Credit Officers, Market Risk, and governance teams to ensure robust risk management. The role emphasizes deep CCR modeling, stress testing, and sector-specific portfolio reviews, with exposure to regulatory examinations

Qualifications

Solid understanding of derivative products across asset classes.
Knowledge of counterparty credit risk measurement techniques on derivatives and financing transactions.
Excellent written and verbal communication skills.

Responsibilities

Manage counterparty stress-based concentration limit frameworks across asset classes and industry sectors.
Perform CCR stress testing including scenario design and result analysis.
Partner with Credit Officers and Enterprise Credit Risk on limit calibration for underwriting support.
Lead sector-specific CCR portfolio reviews and deep dives on counterparties.
Develop and maintain risk analytics and secondary weakness measures to support products and client strategies.
Represent CCR in regulatory exams and ongoing monitoring, addressing findings and presenting topics.
Monitor CCR model performance and challenge GRA to enhance models.