Counterparty Risk Officer

Reports To: Global Risk Manager
Job Type: Full-time, exempt
Region: Central America & Mexico - United States
Location: Costa Rica (San Jose or remote) OR United States (Cambridge, MA or remote)
Start Date: Immediate
Contact: Please apply by filling out the form below.

Summary

The Counterparty Risk Manager works closely with the Global Risk Manager to develop and maintain Root Capital’s counterparty policy and related procedures. The Counterparty Risk Manager will be responsible for counterparty due diligence and counterparty portfolio reporting and monitoring. They are part of a team that has authority to review and approve counterparty requests across Root Capital’s global portfolio. The counterparty definition is mainly related to buyers that purchase products from Root Capital’s clients.

Mission & History of Root Capital

Root Capital is a nonprofit whose mission is to grow rural prosperity and build the resilience of farming families around the world. We support the growth of agricultural enterprises so they can transform rural communities. These businesses purchase crops such as coffee, cocoa, or grains from smallholder farmers. With growth, they become engines of impact that can raise incomes, create jobs for the next generation of leaders, level the playing field for women, and take urgent action against climate change.

We supply these businesses with vital credit and capacity building to foster their growth and resilience. We work in hard-to-serve communities where others don’t. To date, we’ve distributed $1.6 billion to improve the lives of over 10 million people in farming families. Headquartered in Cambridge, Massachusetts, Root Capital currently has associated offices in Costa Rica, Mexico, Nicaragua, Colombia, Peru, Ghana, and Kenya.

Responsibilities

Proposal due diligence and approval (50%)

  • Perform buyer due diligence and prepare related credit memos.
  • Act as an approver, generally, for counterparty proposals across the global portfolio.
  • Manage external credit reporting process (COFACE & Experian).

Counterparty portfolio reporting and risk monitoring (25%)

  • Manage and maintain buyer accounts, including updates to the Sales Force system, intranet, counterparty risk team information, and any other related data.
  • Approve and maintain buyer statuses in the system.
  • Monitor and analyze counterparty global loan portfolio concentrations. Support the Global Risk Manager in analyzing portfolio concentration/composition and reporting to regional and global teams.
  • Develop and maintain regional/global counterparty portfolio reports.
  • Provide technical support to the lending team in reviewing purchase agreement eligibility.
  • Support the organization’s other departments by providing buyer-related information.
  • Monitor certain market situations and related reports.

Counterparty policy updates and related procedures (25%)

  • Support and work closely with the Global Risk Manager in developing and maintaining the Credit Policy’s Counterparty Due Diligence and Risk Management section and its related procedures.
  • Provide support in disseminating policies, procedures, and relevant information to regional staff, as well as in providing related training.
  • Work closely with the Global Risk Manager to improve and manage appropriate counterparty underwriting tools, including credit memo formats and other due diligence tools.
  • Support other general activities related to counterparty risk management.

Perform other relevant duties, as assigned.

Skills and Experience

  • Bachelor’s Degree in business; formal credit training
  • Two to three years of direct credit experience at a lending institution or SME lending experience a plus
  • Strong credit and financial analysis skills
  • Strong interpersonal skills
  • Excellent communication, both written and verbal
  • Detail oriented
  • Excellent spreadsheet and database skills
  • Bilingual English/Spanish
  • Commitment to Root Capital’s mission

Salary

Commensurate with experience.

Applications

More information about Root Capital is available at www.rootcapital.org. Applications are accepted on a rolling basis. Candidates are encouraged to apply using the form below as soon as possible, making sure to include a resume and cover letter that describes your interest, qualifications, language abilities, salary requirements, and how you learned of the position. Finalist candidates will be required to provide at least three work-related references.

Root Capital provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, creed, religion, sex, national origin, ancestry, active military or veteran status, age, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), sexual orientation, gender, gender identity, gender expression, genetic information, or any other characteristic protected by law. Root Capital is committed to creating a dynamic work environment that upholds our leadership principles of: empowerment, equity, integrity, service, and transparency.

U.S applicants: Root Capital Inc. participates in E-Verify and will provide the federal government your I-9 information to confirm that you are authorized to work in the U.S. For more information, see here. Learn more about your right to work.


Job Application

Note: Both a Resume and Cover Letter are required for job consideration. Do not attach the same file twice.
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