Executive Director, Credit Risk-Hedge Funds & Asset Managers - New York

Executive Director, Credit Risk-Hedge Funds & Asset Managers - New York

Country: United States of America

Your Journey Starts Here:

Santander is a global leader and innovator in the financial services industry. We believe that our employees are our greatest asset. Our focus is on fostering an enriching journey that empowers you to explore diverse career opportunities while nurturing your personal growth. We are committed to creating an environment where continuous learning and development are prioritized, enabling you to thrive both professionally and personally. Here, you will find ample opportunities to connect and collaborate with talented colleagues from around the world, sharing insights and driving innovation together. Join us at Santander, where you are supported by a culture of engagement and a commitment to your success.

An exciting journey awaits, if you are interested in exploring the possibilities We Want to Talk to You!

This is an excellent opportunity to participate in a fast-growing sector, work on transactions encompassing a number of different clients and traded products, build analytical skills and cross-train with other areas of the Credit Risk Management team.

Responsibilities:

• Perform in-depth credit analysis of new and existing hedge funds and asset managers/traditional funds (including: credentials, strategy, track record, leverage, investor base, liquidity, risk management, portfolio valuation, internal controls, service providers, transparency and regulation).
• Review the fund documentation (including: Prospectuses, Offering Memos, Investment Management Agreements, Investment Guidelines, Trust Agreements, Financial Statements, etc.) in order to evaluate investment objectives and strategies and determine credit worthiness of the underlying funds.
• Negotiate an ISDA/CSA, MRA, GMRA, CDEA and other traded products documentation.
• Provide recommendation for transactions approvals, determine initial margin requirements and haircuts on capital markets products (including: interest rate swaps, repos, foreign exchange).
• Conduct credit due diligence conference calls and on-site meetings.
• Monitor monthly performance and NAV trends in order to identify funds that breach ISDA triggers and hedge funds/investment managers that face challenges with performance and redemptions.
• Liaise with middle office, documentation group and collateral management to ensure that trades are booked and documented correctly and that collateral is taken where appropriate.
• Develop, maintain and manage internal relationships with business partners (including: marketers, negotiators, collateral management, on-boarding team and legal).
• Monitor investment industry fundamentals and apprise management of significant events that may have an adverse effect on a credit quality of assigned portfolios.
• Maintain Credit Risk Policies and Procedures

Technical Skills and Other Qualifications:

• Bachelor’s degree in Finance or Accounting
• 10+ years of experience in financial services and risk management required
• At least 5 years of banking/credit analysis experience covering asset managers/hedge funds

• Knowledge of traded products, investment strategies and financial markets
• Proficiency in trading documentation
• Knowledge of counterparty credit risk metrics
• Ability to conduct due diligence meetings

• Good communication skills, both written and verbal
• Strong work ethics
• Proactive approach, initiative, and resourcefulness
• Positive attitude, drive, and dedication
• Entrepreneurial spirit
• Attention to detail
• Team player
• Experience in leadership and management positions preferred, but not required

What Else You Need To Know:

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range

Minimum:

$135,000.00 USD

Maximum:

$240,000.00 USD

Link to Santander Benefits:

Santander Benefits - 2025 Santander OnGoing/NH eGuide (foleon.com)

Risk Culture:

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

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