Vice President - Credit Risk Officer (Hedge Funds and Private Equity Funds)
New York, NY
As a Barclays Vice President - Credit Risk Officer (Hedge Funds and Private Equity Funds), you will be part of a beacon of innovation and financial stewardship. In this pivotal role, you'll be responsible for navigating the intricate world of hedge funds and private equity funds, shaping the future of finance with every decision. Your expertise will guide risk assessments, trade approvals, and the structuring of deals that safeguard our legacy and our clients' futures.
Salary / Rate Minimum: $150,000.00
Salary / Rate Maximum: $196,000.00
The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.
Barclays is one of the world's largest and most respected financial institutions, established in 1690, with a legacy of success, quality, and innovation. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, 'anchor', days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.
What will you be doing?
•Conducting due diligence and writing credit papers for new clients and annual reviews
•Maintaining integrity of credit risk function whilst ensuring that the team continues to fully assist Front Office relationship and sales staff
•Identifying sector or client difficulties, providing direct support to the team to ensure that appropriate action is taken to mitigate credit risk
•Requesting increases/ changes in limits following Credit approval
•Maintaining data integrity of appropriate Credit Risk systems (e.g. GCIS) and ensuring they reflect the approved sanction
•Approving utilization of sanctioned limits within discretion and resolve excesses
•Ensuring approvals are within the defined Limits and Mandate and Scale set for the sector
•Performing counterparty/borrower due diligence, including participation in meetings with client senior management, Relationship Executives, and Sales personnel
What we're looking for:
•Bachelor's Degree (BA/BS) in Finance or related field
•Firsthand experience managing a credit risk portfolios of Hedge Fund counterparties
•Extensive experience performing credit due diligence
•Working knowledge of risk metrics including VaR, PFE and stress testing
Skills that will help you in the role:
•Possess a high degree of self-motivation, the ability to drive for results, and record of setting and achieving goals and meeting schedules
•Knowledge of ISDA and other relevant master agreement documentation and credit terms
•Attention to detail, ability to provide big picture decision making, and ability to mentor junior staff
•Product knowledge across several derivative and financing products
Where will you be working?
You will be working at our Americas Headquarters at 745 Seventh Avenue. This 37-story office tower is located in Times Square in the heart of Manhattan and features a cafeteria, fitness center and state-of-the-art LED signage on the facade of the building.
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