Credit Risk Manager – Hedge Fund Analyst – Tier 1 IB
Main Function
* Responsible for the effective credit risk management (evaluation of risk/exposure management) related to a portfolio of European hedge funds.
* Prudent and appropriate use of delegated discretion to approve the granting of credit approval in accordance with Bank policy.
* Ensure continued growth of the business without incurring unmanageable risks.
* Engage in assessing and making recommendations of proposals received from business development/product areas.
* Stay current with financial analysis and risk profile of the assigned sectors and counterparties.
* Alert senior management to negative developments and trends for clients and segments within the Hedge Fund sector.
* Support Senior Management in the management of contingent risk.
Responsibilities
Evaluation and proactive management of credit exposures to assigned Hedge Fund counterparties.
* Monitoring of financial performance.
* Preparing and approving annual credit and industry reviews; potential presentation of larger, more complex group reviews to Credit Committee.
* Counterparty/borrower due diligence, including participation in calls/meetings with counterparties with Relationship Executive or Sales Personnel.
* Negotiation of legal documents.
* Evaluating and approving internal credit grades on an ongoing basis.
* Portfolio reviews and presentation.
* Continuous development of industry knowledge through research, contacts and participation in seminars.
* Continuous development of product knowledge in accordance with product offerings of the firm.
* Development of personal contacts with all product teams and related support functions.
* Accurate and relevant documentation of required information in all presentations in conformance with Bank policy.
* Reviewing and approving Limits Requests/Product Proposals for the assigned names; preparation of recommendations to senior management for such names.
* Monitoring of limit utilization and excesses over limits; referral of excesses with recommendations to senior management for authorization/endorsement as necessary.
* Liaison with Administration Unit staff relative to updating of Global Customer Information System ("GCIS")/preparation of credit committee presentations; responsibility for ultimate integrity of GCIS data for assigned names.
* Liaison with Legal Department on all documentation issues related to individual clients for all products.
* Meetings with internal external auditors and regulators.
The successful candidate will have good written and verbal skills, a strong governance mentality and good attention to detail. They will be a self starter, with ability to think independently and pro-actively drive tasks through to completion.
Qualifications:
* Undergraduate degree
* At least 3-5+ years of experience working in a credit department of an investment bank
* Minimum 2-3 years of experience in analyzing hedge funds
* Strong understanding of all trading products and related market risks
* Strong knowledge of various product specific documentation and negotiating credit terms
* Self-starter who can manage with minimal direction
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