VP, Counterparty Credit Hedge Fund Officer

Full Time

International Banking Client

Office Status: Hybrid

Your Key Responsibilities:

  • Undertake initial credit due diligence for new clients by way of meetings with relevant personnel at the fund manager to fully understand the investment process and strategy, risk management approach and products traded (the credit officer would be expected to run these meetings). The credit officer will then approve appropriate credit limits, margins and documentation terms on the back of their risk assessment of the hedge funds based on information gathered at the meetings and the relevant constitutional documentation provided by the client
  • Review and approve day-to-day transaction requests and analysis of more bespoke structured transactions. This includes setting initial margin levels for trades received from sales teams across the Bank. Experience covering private equity funds will be considered a plus
  • Play a key role in the legal documentation process to ensure that appropriate credit covenants are included in legal agreements to allow Bank to take action to close out portfolios and terminate trades in the event of a default or any credit deterioration (e.g. a sharp deterioration in performance)
  • Ongoing dialogue and due diligence with clients and preparation of annual credit reviews, written reports which outline areas including the background of the fund management company, investment strategy of underlying funds, risk and liquidity management, and performance. This written report will highlight the key risks associated with each counterparty and outline the credit officer’s view of the group/funds
  • Manage the risk and exposures within their portfolio on an ongoing basis, using the various credit risk management and product monitoring systems within Bank, including internal stress test information, exposure data and performance/portfolio data received on a regular basis from hedge funds
  • Work with the Bank’s Collateral Management team as required in order to resolve any margin/collateral issues; keep up-to-date with market developments affecting the hedge fund sector, e.g. regulatory issues or weakness/stress in particular asset classes; develop and maintain a network of both external and internal business contacts
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