The Counterparty Risk Associate/Manager will play a critical role in supporting Neuberger Berman’s Counterparty Risk program and framework, with additional responsibilities related to Third Party Risk Management (TPRM) and the opportunity to gain exposure to other areas of Operational Risk over time. The Key responsibilities of this role include the review and approval of our trading counterparties, maintaining the approved broker list, monitoring counterparty exposures across all asset classes and products, maintaining policies and procedures for risk review, and seizing opportunities to create efficiencies while increasing our capabilities. This is a highly visible role that requires collaboration across the Risk Group and partnership with Portfolio Managers, Research Analysts, Global Technology, Legal & Compliance, Operations and other functional areas. It is expected that you will be able to represent the function in presentations with senior leadership, regulators, and institutional clients during due diligence reviews. **Responsibilities:** + Review and approve new counterparties by performing financial analysis to determine their creditworthiness + Monitor counterparties daily using our counterparty dashboard and produce the daily counterparty exposure report + Maintain and ensure data accuracy of mappings in the counterparty exposure dashboard, incorporating new counterparties and third parties into ongoing reviews + Produce ad hoc reporting on counterparty exposures including OTC derivative reports, registered fund counterparty exposures, private fund exposures, and money market sweep vehicles + Perform semi-annual and annual reviews of a broad counterparty universe + Maintain all policies and procedures relating to Counterparty Risk + Ensure program enhancements are aligned with industry changes, as well as client and regulatory demands + Partner with the Trading Documentation (i.e. ISDA) Team on client onboarding and counterparty management requirements + Partner with Middle Office and Trading teams on counterparty approvals and queries + Participate and contribute to Best Execution reporting / committees + Respond to ad hoc RFP, regulatory and audit, and due diligence inquiries + Participate in due diligence reviews of counterparties and Third Parties + Oversee the risk assessments and tiering of all new Third Parties, ensure ongoing assessments for existing Third Parties + Lead the identification of critical third and fourth parties, including counterparties and escalate issues as they arise in the due diligence phase + Assess the financial health and creditworthiness of our significant and critical third parties as part of the due diligence program + Maintain a watch list for third parties flagged for operational weaknesses, operational events or issues **Requirements:** + Minimum 4 years of direct experience in Counterparty Risk or related experience at another asset management firm, global investment bank, or comparable financial institution + Working knowledge of financial statement analysis, particularly financial institutions ; FRM or CFA a plus + Familiarity with global regulations and guidance related to asset management, brokerage, and banking industries + Technical understanding of traditional and alternative investment products and strategies + Experience utilizing a Bloomberg terminal; experience with Bloomberg API is a plus + Ability to analyze and work with large data sets; advanced Excel knowledge preferred + Data visualization experience and report creation (Tableau, PowerPoint, etc.) is a plus + Highly motivated, detail oriented, self-starter; driven to analyze and dig deeper during counterparty and third-party reviews + Demonstrated ability to work with multiple stakeholders and manage competing priorities in a fast paced environment + Confident communicator with the ability to tailor messaging to different constituencies and seniority levels \#LI-DD2 \#LI-Hybrid Compensation Details The salary range for this role is $100,000-$160,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in the job posting location. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, business sector, performance, shift, travel requirements, sales or revenue-based metrics, market benchmarking data, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus, which, along with base salary and retirement contributions, is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees. **Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.** _Neuberger Berman is an equal_ _opportunity_ _employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact_ _onlineaccommodations@nb.com_ _._ _Learn about the Applicant Privacy Notice (https://www.nb.com/en/global/disclosure-privacy-policy) ._ Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $481 billion in client assets (as of June 30, 2024) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. Tenured, stable and long-term in focus, the firm has built a diverse team—including 750-plus investment professionals and more than 2,800 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by _Pensions & Investments_ as the first or second "Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000+ employees). Neuberger Berman believes strongly that all employees are entitled to be treated with respect and dignity, and to work in a professional and safe environment. These values are the cornerstone of our firm. We prohibit any form of harassment, whether mental, verbal or physical. We do not tolerate the support of terrorist groups, acts of terrorism, or threats of violence. All who wish to be employed by the firm are expected to uphold these principles. For important disclosures: http://www.nb.com/linkedin