AVP / VP, Credit Officer (Hedge Fund)

Salary: $125,000 to $203,000

Office Status: Hybrid

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 transaction requests for private equity funds, which typically include Foreign Exchange (FX) hedging and deal contingent trades. The credit officer will engage closely with the sales team to review proposed trade/legal structures and diligence private equity funds as part of the approval process
• Play a key role in the legal documentation process to ensure that appropriate credit covenants are included in legal agreements to the 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 the bank, including internal stress test information, exposure data and performance/portfolio data received on a regular basis from hedge funds. This includes day-to-day transaction approvals, setting initial margin levels for trade requests received from sales teams across the Bank, and analysis of more bespoke structured transactions
• Keep up to date with market developments affecting the hedge fund sector, e.g. regulatory issues or weakness/stress in particular asset classes
• The Credit Officer will need to be comfortable engaging directly with top tier clients and senior Business, and take ownership of credit decisioning
• The candidate will also be expected to be a seasoned Subject Matter Expert (SME) who is able to offer guidance and expertise with more junior team members