In conjunction with the Counterparty Credit Risk Exec, establishes credit risk management policies, procedures and standards. Responsible for either the underwriting of hedge fund credit risk, issuer risk, credit mitigants in structured transactions or counterparty risk. Additional responsibilities may include proactive evaluation of Problem Assets, the New/Complex Product Approval Process, Counterparty Risk Quantification, limit approval authority and reporting of capital markets credit risk. The Counterparty Credit Risk Mgr will primarily interface with the Trading/Marketing Managers and the managers of other risk and support groups (i.e. Compliance, Finance, Operations, etc.). Incumbents typically have over ten years of experience in credit risk management. Product knowledge and credit skills are necessary.

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.

Job Summary