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Credit Officer

New York, New York

Job Description:

Job Description and Requirements

Responsible for all aspects of the credit management of Hedge Funds (HF). 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.

Required Job Skills:

  • General knowledge of Hedge Funds, their strategies and derivative products

  • 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

  • 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 is a plus

Job Band:

H6

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Description and Requirements

Responsible for all aspects of the credit management of Hedge Funds (HF). 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.

Required Job Skills:

  • General knowledge of Hedge Funds, their strategies and derivative products

  • 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

  • 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 is a plus

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21024729

Band: H6

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Sandy Cojocaru

Referral Bonus:

0

Check out the New York City office

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.

Street-level photo looking up at Bank of America tower
Aerial photo of ice skating rink
Aerial photo of people on trading floor

Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036