AVP / VP Hedge Fund Credit Risk Officer

Our client, a major investment bank, is seeking a Vice President or an Associate Vice President to join their London Hedge Funds, Prime and CCPs (HPC) team. The role is responsible for providing risk control services for hedge fund and mutual fund counterparties and investments. This includes performing risk assessment, mitigation, approval, and monitoring processes for the Core Businesses that transact with, clear for, invest in, or take collateral consisting of hedge funds. The incumbent will also be responsible for carrying out LOD2 risk duties for regulated funds.

The key responsibilities of the role include performing hedge fund due diligence on a portfolio of funds assigned, including reviewing relevant documentation, analyzing investment and operational risks, performing background checks, arranging and attending on-site due diligence meetings and drafting well-written, cogent, due diligence documents. The incumbent will also be responsible for recommending approval of specific relevant credit files, requests and limits and the associated credit ratings. They will also be responsible for enforcing procedures designed to mitigate against losses in the event that a counterparty defaults, including assisting in negotiating credit terms of legal documents and opining on Independent Amounts and margin requirements. Additionally, the role requires the incumbent to maintain up-to-date risk information and monitor hedge fund performance and credit worthiness.

The incumbent will also be expected to contribute to, manage and coordinate relevant projects supporting the transformation of RISQ RMA HPC and the development of Risk UK, particularly in relation to CCR management processes and procedures. They will also be expected to help improve the skills of other individuals within the HPC team and facilitate their peak performance.

The role requires a person with strong knowledge and experience in risks associated with trading with hedge funds and mutual funds, encompassing both knowledge of the funds and all relevant products and business lines involved. Additionally, the role requires the ability to form, defend, and enforce a risk judgement based upon an independent opinion in a context that may require a rapid conclusion under pressure. This includes modifying requests from Front Office to better align transactions to risk appetite and business appropriateness while maintaining the economic rationale for both parties to deal.