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DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.
Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.
We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.
DRW is seeking a Credit Risk Associate. This position will be responsible for performing daily risk monitoring of many of our counterparty portfolios and for assisting in the ongoing development and enhancement of our credit risk management framework.
Core Responsibilities:
Work with assigned trading businesses to parameterize their specific risks, monitor and measure counterparty trading activity
Analyze and manage counterparty credit risk
Monitor daily trading activity according to established risk limits and assess risk exposures
Build credit risk management tools and reporting
Communicate risk-related information to Traders/Portfolio Managers and Risk Management teams
Provide risk-related reporting to senior management
Assist in negotiations of energy trading Master agreements (ISDA, EFET)
Assist in negotiation of Credit support instruments (PCG, LCs, Guarantees) and collateral exchange management.
Required Experience and Skills:
Previous credit risk management experience gained ideally in energy/ commodity trading company or a bank
Must have strong quantitative background and data analysis experience
Experience analyzing and managing counterparty credit risk and working knowledge of credit risk models
Conduct thorough analysis of financial statements and assessment of counterparties and periodic due diligence.
Strong understanding of credit rating models and credit analysis
Must have excellent written and verbal communications skills
Sound judgment and strong analytical skills essential
Must be proactive and able to work independently
Bachelor's degree required, advanced degree in quantitative field desirable
Experience with implementation of credit risk infrastructure incl. Credit risk management systems e.g. Cubelogic or similar systems
Knowledge and experience in negotiation master agreements ( ISDA, EFET ) is advantageous
Knowledge of Trade finance instruments would be desirable
Ability to work in fast paced and dynamic trading environment
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
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