Credit Risk (Hedge Fund), Associate, New York
Divisional Overview:
The Risk Division is a team of specialists charged with managing the firm's credit, market, liquidity, operational and insurance risk. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.
Department Overview:
Credit Risk (CR) is responsible for managing the firm's credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparties is managed within the firm's risk appetite. Staffed with more than 270 professionals, CR operates through 12 different offices around the world and credit professionals work closely with many areas of the firm. Given this structure, CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.
Responsibilities:
- Assess the credit and financial strength of the firm's hedge fund, mutual fund, and private equity fund clients
- Perform counterparty reviews, recommend internal ratings, and set counterparty risk limits
- Assess transactions across Institutional Derivatives & Funding businesses. Leverage quantitative models and stress tests to opine on initial margin
- Drive risk conversations with respective trading and sales teams (OTC derivatives, prime brokerage, repo, etc)
Basic Qualifications:
- 3-5 years of experience in a finance, markets, or risk role
- Significant knowledge of capital markets, including derivatives and/or repo
- Demonstrable track record of independent decision making
- Strong attention to detail. Excellent analytical and communication skills
Competencies:
- Functional Expertise and Technical Skills - Knowledge of financial markets and portfolio risk management. Appropriate financial/analytical skills
- Client and Business Focus - Builds trusting, long-term relationships with clients, helps the client to identify/define needs, and manages client/business expectations
- Teamwork - Strong team player, works well under pressure, and collaborates with others across teams and business units
- Communication Skills - Communicates in a clear and concise manner, shares information/new ideas with peer group and team, and escalates as appropriate
- Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions, and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
- Creativity and Influence - Looks for new ways to improve current processes and develop creative solutions with practical value
- Continuous Development - Values constant self-improvement and learning