ICM Counterparty Credit Risk (CCR), Vice President

Institutional Credit Management (ICM) is a world class In-Business/1LoD organization dedicated to the development and execution of an end-to-end wholesale credit management platform.

This position will be part of the Counterparty Credit Risk (CCR) Real Money Funds (RMF) Underwriting Team under the Institutional Credit Management (ICM) group and be responsible for underwriting credit facilities for Real Money Funds, Investment Advisors, Pension Funds, Endowments, and Foundations. The role involves measuring, monitoring and controlling counterparty risk for institutional clients. Analyzing portfolios and businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm’s risk policies. 

Key Responsibilities: 

• Maintain and manage credit exposures to clients across derivatives, financing and direct lending products for Asset Managers, Regulated Funds, and Pension Funds 

• Approve credit reviews as a first line of defense approver (Credit Officer Designation) including assessment of portfolio risk, liquidity of client positions, credit limits and risk appetite ratios 

• Negotiation of trading documentation (ISDA, MSFTA, etc.) particulary when dealing with non-standard credit terms

• Advise and approve large transactions or deals that require individual risk assessment 

• Work with Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis 

• Partner with businesses and quantitative teams on risk measurement enhancements, margin model development, new product approvals and real-time monitoring and controls 

• Analyze and monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk 

• Develop and utilize risk management tools for the measurement, monitoring and management of exposure and participate in project management of strategic risk infrastructure development. 

• Represent the department to various independent risk teams, auditors and regulatory agencies on issues related to counterparty risk and controls. 

• Coaching junior team members to ensure consistent underwriting standards and to maintain quality outputs 

• Assist in recruiting of talents, elevate team profile as a senior representative team member 

Required Knowledge and Experience: 

• Relevant credit underwriting experience covering Asset Managers, Funds, Hedge Funds, and/or Financial Institutions counterparties 

• Experience with managing credit risk OR training in finance, mathematics, risk management or quantitative fields 

• 6+ years credit risk experience at a major financial institution, preferably with managerial responsibilities 

•  Good knowledge of trading products, including derivatives, as well as lending products, including syndicated loans.

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Skills:  

• Credit review and analysis techniques, ability to proactively identify and remediate risk issues 

• Strong understanding of portfolio risk and its impacts on counterparty credit risk, across multiples asset classes including rates, equities, credit and commodities 

• Stress testing techniques, instrument modelling skills desirable 

• Ability to think from first principle and challenge assumptions 

• Strong Excel skills ideally incorporating VBA (Visual Basic for Applications), programming skills in Python, R or other statistical languages is a plus