Credit Risk Officer

4 weeks ago


New York, United States CareerBuilder Full time

Credit Risk Officer Prime Brokerage
Investment Bank
Midtown, hybrid 2 days / week onsite
150-185K base + bonus

Job Summary:
Leading investment bank located in midtown Manhattan is seeking a VP level Credit Risk Officer for its Prime Brokerage business. In this role youll assess and set risk levels for hedge fund clients requiring quick decision making on trade approvals and margin requests from clients. Youll conduct due diligence and write credit papers for new clients while overseeing the credit risk function for the business. This will require deep understanding of all relevant risk concepts such as PFE, Var, Stress Testing, Sensitivities, Gross balances.

Must have:
BS in Finance or similar business field
10+ years of relevant financial industry experience
Strong expertise in Credit Risk
At least some recent experience performing credit risk function in Prime Brokerage division of a bank

Job Description:
As the VP, Credit Risk Officer you will determine the risk appetite for specific hedge fund clients, making quick decisions on trade approvals and requested margin levels. You will work to approve deal structures and credit sensitive terms in legal documents as well as analyze various risk metrics including PFE, VaR, stress test results, sensitivities, and gross balances. This role ensures risk levels are appropriate and acts as a primary point of contact within the assigned Subsector.
Responsibilities:
Conducting due diligence and write credit papers for new clients and annual reviews
Maintaining integrity of credit risk function whilst ensuring that the team continues to fully support 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 ensure 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

Requirements:
Bachelors 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

Nice to haves:
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


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