Hedge Fund Credit Risk - VP in London

Full-time, Permanent role based in City of London; compensation up to £135k.

We are working with an exciting mid‐tier bank in the City of London and are looking for a Hedge Fund Credit Risk VP to join their team.

Responsibilities

• Responsible for credit due diligence of Hedge Fund clients, including assessment, management, monitoring of credit risk and facilitation of market access through proposing and setting credit limits.
• Utilise qualitative and quantitative skills in analysing funds and be knowledgeable about a wide variety of capital markets products including FX, credit derivatives, interest rate swaps, and loan products; keep current with products, economic, political, regulatory and market trends.
• Articulate the client's strategy and investment themes and assess the fund's portfolio.
• Discuss the dynamics and nature of the client's funds portfolio.
• Assess the client's competitive positioning within the industry.
• Discuss management strength, experience, track record and corporate governance more broadly.
• Interact with RMs/ARMs and clients directly to gather financial statements and other information for performing quality analysis and due diligence.
• Evaluate risks associated with particular proposed transactions, where required.
• Complete Group Mandate/BCA Part 1, Part 2, financial analysis and scorecards.
• For Cat 2 lines, complete Cat 2 substantiation assessment.
• For clients requiring Master Agreement documentation, prepare and submit Credit Term Sheets.
• Provide documentation support on credit aspects and work with IMO on BCA reworks.
• Test and monitor covenants & risk triggers; produce EAR & ASTAR reporting/updates to credit.
• Seek pre‐approval endorsements where applicable.
• Prepare country specific regulatory checklists where applicable.
• Perform credit stress testing.
• Ensure compliance of all internal and regulatory credit/other portfolio related policies, including aggregation/disaggregation with fund manager groups and sponsors.
• Possess FICC / FIRC certification as appropriate.
• Proactively monitor key fund or industry-wide events and/or developments, as well as covenants and risk triggers where applicable.
• Partner with Relationship Managers in pursuing their client strategies through proactive idea generation, support in preparing materials for client discussion and ensuring they are briefed on key risk aspects.
• Partner with Risk through clear presentation of credit analysis and proposed credit grading, and proactive considered discussion of key risk aspects.
• Accompany Relationship Managers on calls, client visits as part of general due diligence in respect of credit analysis.
• Serve as a broader point of expertise in respect of credit aspects.
• Coordinate with Operations to address operational issues.
• Coordinate with Collateral to address collateral issues.
• Coordinate with IMO on off‐boarding of closed funds or exited relationships.
• Prepare other analysis as directed by the relevant Team Leader, such as industry specific reviews, portfolio reviews, assessments of new prospects, etc.

Successful Candidate

• Minimum 4 years' experience in Hedge Fund credit analysis.
• Good knowledge of fund types, legal structures, industry standards and general onboarding dynamics in this specialist client space.
• Experience in client engagement, both internally and externally.
• Good Excel skills and ability to manipulate and access large data files.
• Graduate or graduate‐calibre level education.
• Sound knowledge of accounting, financial principles and derivatives gained by experience or qualification.
• MBA or CFA qualifications advantageous but not required.