Job Description

Credit Risk Officer - Private Equity VP

NYC – Midtown

VP Level

180-225K base +bonus

Hybrid – 2-3 days/week onsite

Job summary:

Seeking a senior Wholesale Credit Risk Analyst / Officer with strong expertise in the Hedge Fund and Private Equity sector. Will directly manage credit risk portfolio focused on private equity. Will conduct full credit due diligence on new private equity clients, evaluating their investment process, strategy, risk approach and products traded. Will review, approve, set credit risk limits. Will identify and mitigate sector and client risks. Seeking someone with 8+ years’ experience. Open to senior AVP’s ready for next step, but preference for VP level candidates ready to hit ground running. Position based in midtown NYC. Hybrid schedule, 2-3 days onsite.

Must have:

• Credit Risk expertise in hedge fund & private equity sector
• Evaluating counterparty risk, setting risk limits, underwriting.
• Experience reviewing, negotiating credit agreements, EG: ISDA, GMRA, MRA
• Knowledge of Capital Calls and Subscription facilities
• Knowledge of Derivative products such as FX and Interest Rate Derivatives / IRD’s

Job Description:

To assess and approve/decline credit applications based on established credit policies, risk appetite, and regulatory requirement and analyze financial information, evaluating creditworthiness, and recommending credit terms and conditions to ensure responsible lending practices. You’ll be part of a beacon of innovation and financial stewardship. In this pivotal role, you’ll be responsible for navigating the intricate world of hedge funds and private equity funds, shaping the future of finance with every decision. Your expertise will guide risk assessments, trade approvals, and the structuring of deals that safeguard our legacy and client’s futures.

Responsibilities:

• Analysis of lending applications, financial statements, credit reports, and other relevant documents to assess the borrower's creditworthiness and repayment capacity.
• Monitoring the performance of approved lending, identifying potential risks and early warning signs of delinquency.
• Evaluation of the risk profile of each application considering factors like industry trends, borrower financials, collateral, and market conditions.
• Provision of independent credit decisions on lending applications, adhering to established credit policies, risk parameters, and regulatory requirements.
• Development and implementation of appropriate course of action for troubled lending, including workout plans, restructuring, or collections.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures.
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short- and long-term goals and ensuring that budgets and schedules meet corporate requirements.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviors to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviors are: L – Listen and be authentic, E – Energize and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will be a subject matter expert within their own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identifying the need for the inclusion of other areas of specialization to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long-term profits, organizational risks and strategic decisions.
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organization functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

Requirements:

• Directly managing a credit risk portfolio focused on private equity
• Conducting initial credit due diligence and writing credit papers for new Private Equity clients by completely understanding the investment process and strategy, risk management approach and products traded including approving the appropriate credit limits
• Maintaining ongoing client and stakeholders dialogue, managing portfolio risk and exposures, and preparing annual credit reviews
• Maintaining integrity of credit risk function whilst ensuring that the team continues to fully assist Front Office relationship and sales staff
• Identifying sector or client difficulties, providing direct support to the team to ensure that appropriate action is taken to mitigate credit risk
• Requesting increases/ changes in limits following Credit approval
• Maintaining data integrity of appropriate Credit Risk systems (e.g. GCIS), ensuring they reflect the approved sanctions and are in complaint with risk policies and regulations
• Approving utilization of sanctioned limits within discretion and resolving limit excesses
• Ensuring approvals are within the defined Limits and Mandate & Scale set for the sector
• Performing counterparty/borrower due diligence, including participation in meetings with client senior management, Relationship Executives, and Sales personnel
• Keeping up to date with market developments affecting the private equity sector, for example regulatory updates, market trends and industry specific risk that affect the investments

Some other highly valued skills may include:

• Thorough understanding of legal documentation, primarily ISDA and GMRA agreements, with expertise in identifying and utilizing key risk mitigation clauses essential for effective risk management
• Proficient understanding of risk metrics, including Value at Risk (VaR), Potential Future Exposure (PFE), and stress testing
• Ample verbal and written communication skills to articulate risk assessments and strategies clearly to stakeholders
• Product knowledge across several derivative and financing products also familiarity with performance metrics used in private equity

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