Responsible for all aspects of the credit management of Hedge Funds. This is a high-volume and fast-moving portfolio that utilizes a risk-based approach to drive revenue while maintaining appropriate credit risk disciplines.
• Credit analysis: Participate in initial and ongoing due diligence of HFs. Perform quantitative and qualitative credit assessment, setting internal ratings and recommending credit limits
• Initial margin calculation: Determine initial margin (IM) and evaluate transactional risks associated with OTC and exchange traded derivatives, securities financing and structured trades
• Trade approval: Hold delegated approval authority to approve trading floor request (OTC derivatives) or to make recommendations to higher authority levels.
• Relationship management: Build strong working relationship with external HF clients, internal business partners including Sales, Structuring & Trading, Risk counterparts, Legal and Audit Function
• Risk monitoring: Undertake regular exposure analysis including internal stress testing and IM backtesting. Monitoring of performance and AUM flow data received from HFs
• Trading documentation: Liaise with Legal and client in negotiating ISDA, CSA, GMRA etc.
• Portfolio reviews: Preparation of portfolio reports and reviews, including analysis of OTC and F&O exposures, any counterparties of concern and other pertinent risk issues.
Candidate will have significant exposure to Global Markets personnel including Trading / Structuring / Sales, as well various support partners. Candidate must be comfortable working on transactions in a fast-paced capital markets/trading environment.
• 5+ years of experience covering Hedge Funds or Financial Institutions. Counterparty Credit experience will be considered as an advantage
• A deep understanding as well as exposure to the derivative and structure products space
• Ability to manage significant deal volume in a fast-paced environment and products with heavy regulatory oversight
• Knowledge of products such as Intex/rating agency models or an understanding of internally developed cashflow models used to review securitization structures
• Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners
• Proficiency with Bloomberg, Word, Excel and PowerPoint, along with ability to quickly learn new programs and applications
• Undergraduate degree in Finance, Business Administration or related fields. CFA/FRM or other professional qualification will be highly preferred
• Candidate should exhibit strong personal drive, individual initiative, a sense of urgency, and responsiveness, with a desire to grow, learn, and take on increasing levels of responsibility
• Formal bank credit training or equivalent preferred
Shift:1st shift (United States of America)
Hours Per Week:40
Learn more about this role
Located in midtown Manhattan, we’re right across from Bryant Park and a short walk to Times Square, Broadway theaters, Grand Central Station, excellent shops and world-class restaurants.