We are currently partnered with a top Multinational Investment Bank looking to expand their global risk management organization by bringing on a Director of Counterparty Credit risk to join the team in NYC. This is a new role that will solely focus on hedge fund counterparties and will grant runway for more senior opportunities within the bank's risk organization. This firm is known for it's strong commitment to an employee centric which champion career advancement and work/life balance.
The Director of Counterparty Credit Risk will play a pivotal role in managing and overseeing the counterparty credit risk associated with hedge funds across all of the firms capital market/ trading businesses. This leadership role requires a deep understanding of hedge fund structures, strategies, and counterparty credit risk management. The Director will be responsible for assessing, monitoring, and mitigating credit risk exposure, collaborating with key stakeholders, and ensuring adherence to regulatory standards.
Key Responsibilities:
Counterparty Credit Risk Management:
- Lead the assessment and management of counterparty credit risk across hedge funds globally, ensuring that exposures are appropriately quantified, monitored, and controlled.
- Perform in-depth credit analysis of hedge funds, including their trading strategies, leverage, liquidity profiles, and financial health.
- Approve and set credit limits for hedge fund counterparties, ensuring appropriate risk mitigation strategies are in place (e.g., collateral arrangements, margin requirements).
Risk Monitoring and Reporting:
- Oversee the ongoing monitoring of hedge fund counterparties' creditworthiness, including stress testing and scenario analysis.
- Develop and implement risk monitoring frameworks and tools to track hedge fund exposures and credit trends.
- Ensure timely and accurate reporting of credit risk exposures to senior management, internal committees, and regulators.
Stakeholder Management:
- Collaborate with front-office teams, including prime brokerage, trading desks, and investment banking, to align credit risk management with business objectives.
- Liaise with external stakeholders, including hedge fund clients, to address credit concerns and negotiate risk mitigation solutions.
- Work closely with legal, compliance, and regulatory teams to ensure adherence to evolving regulations and market standards.
Risk Policy and Governance:
- Contribute to the development and refinement of the firm’s counterparty credit risk policies and governance frameworks, particularly related to hedge fund counterparties.
- Ensure that credit risk management practices comply with internal guidelines and external regulatory requirements (e.g., Dodd-Frank, Basel III).
- Participate in risk committees, providing expert input on hedge fund-related credit risk issues.
Team Leadership:
- Lead, mentor, and develop a high-performing team of credit analysts and risk managers.
- Foster a culture of risk awareness and continuous improvement within the team, ensuring best practices are implemented in risk analysis and decision-making processes.
Qualifications:
- 10+ years of experience in counterparty credit risk or credit risk management, with a focus on hedge funds and/or financial institutions at a top-tier investment bank.
- Experience with ISDA, MCAs, GMRAs, MRAs, and PBA's.
- Strong communications skills to be able to interact with various types of internal stakeholders.
- Experience with equity derivative products.
