Funds Credit Analyst
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.
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 functionsExpected 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 teamCompetencies
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