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Hedge Fund Credit Analyst - State Street Corporation

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Hedge Fund Credit Analyst

1. ROLE : CREDIT RISK - HEDGE FUNDS

Manage credit risk for a portfolio of hedge funds by conducting credit reviews, performing risk ratings, continuous monitoring, and ad-hoc analyses. Maintain data, characteristics, and risk metrics for funds and counterparties in Risk and Dealing systems to ensure control and accurate exposure reporting.

2. MAJOR RESPONSIBILITIES :

 

  • Undertake credit analysis on a portfolio of hedge funds (and fund of hedge funds utilizing hedge fund trading strategies across multiple trading products (including FX, Bonds, Stocks, and derivatives) for State Street's direct and custody clients
  • Perform annual risk ratings, utilizing analytics and various metrics, within State Street's Basel-compliant models
  • Ongoing monitoring and management of the credit quality of the client portfolio, identifying trends and recommending action when necessary
  • Develop and apply knowledge of risk metrics and characteristics that impact a fund's relative risk (including strategy, performance, financials, investor base, and historical trends) and utilize in analysis, ratings, and reviews
  • Propose adjustments to limit sizes and tenors based on reasoned analysis together with business requirements and utilization history
  • Develop strong knowledge and act as a super user of State Street's Risk systems and principal trading systems, particularly with respect to exposure methodologies, key risks, account and limit structuring, and reporting
  • Review and understand limit exceptions reports, investigate causes, propose remediation action, and resolve upon consensus and approval
  • Build knowledge of the content and structuring of legal documentation governing trading businesses
  • Propose and implement enhancements to the credit approval and risk management processes
  • Establish and maintain procedure and working documents
  • Establish a close working relationship with the Front Office Business Teams, as well as other internal groups, to ensure effective and efficient communication of all relevant matters


3. REQUIREMENTS :

Education and Experience
 

  • Preferred 3+ years of counterparty credit risk management in a global financial institution, or related experience, with a broad knowledge of credit and capital market products; Bachelors in Business, Finance, or relevant field. MBA and/or CFA (or equivalent) beneficial but not required.


Skills/Knowledge
 

  • In depth knowledge of the various fund types and their associated risk profiles essential
  • Knowledge of trading products (especially FX, securities lending, credit, and derivatives) required
  • Excellent Excel skills and reporting capabilities
  • High level of credit analytical skill sets (qualitative and quantitative)
  • Strong writing and communication skills
  • Strong interpersonal and organizational skills
  • Working knowledge of State Street's credit rating and limit management systems, and credit policies, preferred
  • Ability to meet deadlines while maintaining attention to detail
  • Ability to demonstrate persistence and see tasks through to their conclusion. Able to self-motivate, and thrive in a dynamic environment



Salary Range:
$80,000 - $125,000 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
 

Job ID  R-744053