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Funds Credit Analyst

Job type Permanent
Schedule Full time
Job Function Risk
Brand BNP Paribas Corporate & Institutional Banking
Apply REF: RIS001107

Job Description:

Funds Credit Analyst

The role entails contribution to the credit risk management of a portfolio composed mostly of Regulated Funds, Principals traded through agents, Hedge Funds, Funds of Hedge Funds and Financial Sponsors such as Private Equity funds.

 

Scope of responsibilities

  • Analyse creditworthiness of assigned portfolio, which includes writing the credit applications and presenting recommendations to the appropriate credit committee

  • Credit review on an annual basis all counterparts in the designated portfolio

  • Conduct off and on-site due diligence on prospect and existing clients, and ensure accurate understanding of the fund’s investment strategy, risk management procedures, structure etc.

  • Day-to-day transaction approvals (across all types of OTC derivatives), quantifying risk and setting initial margin levels for trade requests received from Front Office across the bank. This includes analysis of more exotic / bespoke structured transactions

  • Prepare initial credit questionnaire for ISDA/CSA and other legal documents, and negotiation of credit-related terms in the legal docs

  • Deal with ad-hoc requests such as limit / product review, amendment to legal documents

  • Coordinate with Credit Risk Control team and Collateral Management on an ad-hoc basis

  • Undertake market risk analysis of the portfolios in relation with counterparty exposure

  • Regular reporting of exposures, NAV breaches, etc.

  • Establishing and maintaining a good working relationship with Trading and Sales and working closely with the other RISK I2S teams and functions

    Expected contribution

  • Present fund-related topics (investment strategy, products) to the team so as to share knowledge and to learn from  other members of the team

  • Participate and represent the team on an on-going projects related to systems, procedures and to implement best practices

  • Provide feedback and testing of any new systems prior to being rolled out

  • Liaising with internal risk team to resolve complex issues not necessarily related to funds

  • Contribute to develop innovation (bring ideas regarding new products, processes, etc.)

  • Keeping abreast of the industry evolution and sharing any key topics with the team

    Competencies

  • Strong analytical and writing skills

  • Sound credit judgement, ability to prepare clear and concise recommendations.

  • Strong communication skills for discussions with external (e.g. hedge funds, asset managers, regulators) and internal clients (e.g. marketers, traders, legal, risk, collateral management) including Senior Management

  • Good understanding of capital markets products & strategies, in particular OTC derivative products, and their inherent market risks and prime brokerage and clearing activities.

  • Ability to calculate and quantify transaction risk is beneficial


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Primary Location: GB-ENG-LondonJob Type: Standard / PermanentJob: RISKSEducation Level: Not indicatedSchedule: Full-time Behavioural competency: Ability to collaborate / Teamwork, Attention to detail / rigor, Personal Impact / Ability to influenceTransversal competency: Ability to manage a project, Ability to develop others & improve their skills, Ability to inspire others & generate people's commitment, Ability to develop and adapt a process