Senior Credit Risk Manager for Private Equity and Debt Funds

1 week ago


Étreux, Hauts-de-France, United States STATE STREET CORPORATION Full time
Senior Credit Risk Manager - Opportunity to Join State Street's Asset Management Team

Estimated salary range: $90,000 - $142,500 per annum.

We are seeking a highly skilled Senior Credit Risk Manager to join our team at State Street Corporation. As a key member of our asset management team, you will be responsible for managing credit risk for a portfolio of private equity and private debt funds.

About the Role:

The successful candidate will have extensive experience in counterparty credit risk management within a global financial institution, with a strong understanding of credit and capital market products. You will be required to conduct thorough credit reviews, perform risk ratings, and continuously monitor the portfolio to identify trends and recommend actions when necessary.

Main Responsibilities:

  1. Undertake comprehensive credit analysis on a portfolio of private equity and private debt funds, utilizing strategies across multiple lending and trading products.
  2. Perform and review annual risk ratings using analytics and various metrics within State Street's Basel-compliant models.
  3. Review and analyze deal proposals presented by the business unit for PE Funds/Private Credit Funds.
  4. Participate in due diligence calls and review annual renewals of existing counterparties.
  5. Support relevant workstreams during the Comprehensive Capital Analysis and Review (CCAR) exercise.
  6. Provide regular reporting related to the portfolio for various committees.
  7. Ongoing monitoring and management of the credit quality of the client portfolio, identifying trends and recommending action when necessary.
  8. Develop and apply knowledge of risk metrics and characteristics that impact a fund's relative risk, including strategy, performance, financials, investor base, and historical trends.
  9. Propose adjustments to limit sizes and tenors based on reasoned analysis together with business requirements and utilization history.
  10. Develop expertise in State Street's Risk systems and principal trading systems, particularly with respect to exposure methodologies, key risks, account and limit structuring, and reporting.
  11. Review and understand limit exceptions reports, investigate causes, propose remediation action, and resolve upon consensus and approval.
  12. Build knowledge of the content and structuring of legal documentation governing trading businesses.
  13. Propose and implement enhancements to the credit approval and risk management processes.
  14. Establish and maintain procedures and working documents.
  15. Establish a close working relationship with the Front Office Business Teams and other internal groups to ensure effective and efficient communication of all relevant matters.
  16. Support the business in new product/portfolio expansion initiatives.

Requirements:

To be successful in this role, you will need:

  1. Preferred 4+ years of counterparty credit risk management experience in a global financial institution, or related experience, with a broad knowledge of credit and capital market products; Bachelor's in Business, Finance, or relevant field. MBA and/or CFA (or equivalent) beneficial but not required.

What We Offer:

We offer a competitive salary range of $90,000 - $142,500 per annum, depending on location and experience. This is an excellent opportunity to join a leading financial services company and contribute to our success.



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