VP Counterparty Credit Risk Modeling & Analytics

Title: VP Counterparty Credit Risk Modeling & Analytics

Office Status: Hybrid New York, NY

Base Salary: $138k $185k + Bonus

ABOUT THE ROLE

This Vice President opportunity sits within the Counterparty Credit Risk Analytics function of a leading global financial institution, offering full ownership of CCR model development, enhancement, calibration, and ongoing performance monitoring across derivatives and securities financing transactions. The role sits at the intersection of quantitative modeling, regulatory compliance, and cross-functional collaboration partnering closely with Risk IT, model validation, and senior stakeholders to drive improvements in PFE methodologies, data quality controls, and model implementation for new products. It's an ideal fit for a quantitatively rigorous risk modeling professional with deep CCR expertise who can translate complex analytical frameworks into clearly defined mathematical solutions and communicate findings effectively across technical and non-technical audiences.

RESPONSIBILITIES

• Lead efforts to define and enhance PFE methodologies for both existing and new products;drive CCR modeling requirements and partner with Risk IT for implementation
• Identify model weaknesses and limitations;develop remediation actions and compensating controls to address gaps
• Perform root-cause analysis to identify MTM and PFE differences across different valuation methodologies;develop and execute model calibration and ongoing monitoring activities including breach analysis and remediation
• Work closely with the model validation group on model changes;address model validation findings in a timely and well-documented manner
• Lead discussions on CCR modeling requirements for new products and collaborate cross-functionally to ensure successful implementation
• Communicate complex modeling concepts, methodologies, and results clearly to a diverse range of stakeholders across risk, technology, and senior management
• Contribute to broader enterprise risk management practices including derivatives and SFT valuation methodology development