Counterparty Risk Manager

Counterparty Risk Manager - Asset Management | NYCLocation: New York City, NYCompensation: $100,000 - $160,000 + discretionary bonus + full benefits packageExperience: Minimum 4 years in Counterparty Risk, Credit Risk, or a related field within asset management, investment banking, or financial servicesAbout the ClientOur client is a prestigious, global investment management firm with a long-standing reputation for delivering exceptional risk-adjusted returns across traditional and alternative asset classes. With billions in assets under management, they serve a diverse institutional and high-net-worth client base, offering sophisticated investment strategies and risk oversight frameworks that stand among the most respected in the industry.Their investment philosophy is rooted in rigorous research, disciplined risk management, and long-term value creation. Operating at the forefront of asset management, they maintain a strong focus on innovation, sustainability, and responsible investing. This firm fosters a collaborative and intellectually stimulating environment, making it an ideal destination for top-tier risk professionals who thrive in high-performance settings.About RiskTAERiskTAE is a global leader in risk talent acquisition, specializing in placing top-tier risk professionals in financial and non-financial risk roles. We are delighted to be partnering with a world-class asset manager to identify an exceptional Counterparty Risk AssociateManager for their New York office.This is an opportunity to step into a high-impact, strategically critical role, working with a firm renowned for its strong risk culture, sophisticated investment strategies, and rigorous approach to counterparty credit risk. This position will play a central role in monitoring, managing, and optimizing counterparty risk exposure across a range of asset classes while collaborating with multiple business units, senior stakeholders, and external parties.The OpportunityThis Counterparty Risk AssociateManager position offers the chance to work at the heart of a sophisticated counterparty risk management function. The role is highly visible, requiring close interaction with portfolio managers, trading teams, compliance, operations, and legal professionals.The successful candidate will be responsible for assessing the financial strength of counterparties, monitoring daily exposures, ensuring regulatory alignment, and contributing to the continuous enhancement of risk management policies and procedures. The firm's multi-asset investment structure ensures that candidates will gain broad exposure to counterparty relationships across equities, fixed income, OTC derivatives, private funds, and money market vehicles.This is an ideal opportunity for a detail-oriented, analytically driven risk professional seeking a role with direct senior leadership exposure, hands-on counterparty monitoring, and opportunities to drive real enhancements in risk oversight frameworks.Key ResponsibilitiesConduct detailed credit and financial statement analysis to assess the creditworthiness of new and existing counterparties, including financial institutions, hedge funds, and other trading partnersParticipate in counterparty due diligence reviews, ensuring counterparties meet financial stability and risk standardsApprove and maintain the approved counterparty list, ensuring all trading relationships align with risk appetiteOversee and monitor counterparty exposures daily, identifying trends, breaches, and areas of concernMaintain and enhance data mappings in the counterparty exposure dashboard, ensuring accuracy in reportingGenerate daily and ad-hoc exposure reports, covering OTC derivatives, registered fund counterparties, private funds, and money market sweep vehiclesConduct semi-annual and annual reviews across the counterparty universe to validate ongoing risk assumptionsMaintain and refine policies and procedures related to counterparty risk, ensuring best practices are followedEnsure that risk frameworks remain aligned with industry regulations, client expectations, and evolving market conditionsIdentify opportunities to enhance risk monitoring capabilities through process automation, analytics, and technology integrationPartner with trading, middle office, and legal teams to support counterparty approvals, onboarding, and documentation processesCollaborate with portfolio managers, risk analysts, and compliance professionals to ensure a fully integrated approach to counterparty riskSupport best execution reporting and risk committees, providing insights on counterparty risk management strategiesRespond to ad-hoc regulatory inquiries, RFPs, audit requests, and client due diligence reviews, ensuring transparency and accuracy in reportingLead identification and assessment of significant counterparties, ensuring financial risk mitigation through proactive oversightMaintain a structured watch list of counterparties flagged for financial deterioration or operational risk concernsYour Profile - What We're Looking ForThis role is best suited to a counterparty risk professional with a strong technical foundation, a deep understanding of financial institutions and risk frameworks, and a proven ability to collaborate in a fast-paced, investment-driven environment. Required Experience and SkillsMinimum 4 years of direct experience in counterparty risk, credit risk, or financial risk management at an asset management firm, investment bank, or financial institutionStrong knowledge of financial statement analysis, particularly in assessing the creditworthiness of counterpartiesFamiliarity with counterparty risk frameworks, exposure management, and industry risk regulationsExpertise in traditional and alternative investment products, including OTC derivatives, structured finance, and money marketsAdvanced proficiency with Excel for risk analytics and financial modeling; Bloomberg Terminal and Bloomberg API experience is a plusStrong data visualization and reporting skills using tools such as Tableau and PowerPointExcellent communication skills, with the ability to present risk findings to senior management, trading teams, and external regulatorsSelf-motivated, detail-oriented, and analytically driven, with the ability to manage competing priorities in a high-pressure environmentPreferred QualificationsCFA, FRM, or other relevant financial risk certificationsExperience with ISDA documentation and counterparty trading agreementsPrior exposure to counterparty risk policy development and automation initiativesWhy Join our client?Industry-Leading Investment Expertise - Join a highly respected global investment firm managing diverse portfolios across traditional and alternative asset classes.Collaborative and High-Performance Culture - Work in an environment that values intellectual curiosity, teamwork, and innovation in risk management.Exposure to Senior Leadership - Be part of a risk function with direct access to senior decision-makers, shaping risk frameworks and investment mitment to Professional Development - Take advantage of training, mentorship, and career progression opportunities within a firm known for fostering talent.Strategic and High-Impact Role - Engage in meaningful work that directly influences investment decisions and counterparty relationships across global markets.Long-Term Career Growth - Gain exposure across asset classes, risk disciplines, and global financial markets, positioning yourself for future leadership roles.

Created: 2025-02-16