Physician / New York / Permanent / VP - Counterparty Risk Job

A banking services organization in New York City is currently seeking an experienced Finance professional to join their team as their newVP - Counterparty Risk. In this role, theVP - Counterparty Risk will be responsible forleading counterparty credit risk analytics with core focus on understanding PFE modeling and analyzing various modeling approaches. Responsibilities: The VP - Counterparty Risk will: * Lead with risk modelling team to define or enhance PFE methodology for existing or new products * Lead efforts to establish back testing framework and analysis of the results for any remediation actions * Monitor CCR analytics for large DoD and MoM moves in PFE * Analyze/validate exposures (PFE) for any limit triggers and credit limit breaches * Perform credit limit sizing and define maximum tenor limits * Monitor and review CVA limit framework * Provide month-end commentary for large exposure moves in top 20 exposures, for industry/country exposures, for product exposure analysis across IR, FX and non-derivative transactions * Provide CCR slides for senior management discussion and committees (GRMC, RMC etc.) * Perform Wrong Way Risk analysis for counterparties and enhance existing WWR framework * Oversees production of daily counterparty credit exposure reports for accuracy and comprehensiveness. * Liaise with various groups within Capital Markets for the quick resolution of credit exposure-related issues * Perform other duties, as needed Qualifications: * 7+ years of experience in Counterparty Credit Risk, Market Risk, Front Office Modeling, or Valuation-related discipline * PhD or Masters Degree in Quantitative field (Finance, Mathematics, Engineering, Physics, Computer Science, or Statistics) * Strong knowledge and understanding of Capital Markets, derivatives products, and derivatives valuation/PFE calculation * Understanding of xVA calculations such as CVA, DVA, FVA, KVA, MVA, etc. * Experience in working with internal developers, data sourcing teams and external vendors to drive development of CCR analytics, system infrastructure and overall CCR framework * Good working experience in analyzing stress testing results and enhancing stress testing framework * Strong technical skills, specifically Excel/VBA, python, data visualization tools (e.g. Power BI) etc. * Great interpersonal skills * Excellent communication skills (written and verbal) * Strong attention to detail * Highly organized Desired Skills: * CFA and/or FRM certification