VP - Hedge Fund Credit Risk
A leading global financial services firm is seeking an experienced Vice President to join its Credit Risk Management function in New York, focused on hedge fund and private equity counterparties. This role offers direct ownership of credit exposure across prime brokerage, OTC derivatives, securities financing, and structured or bespoke transactions. The successful candidate will apply deep credit judgment to underwriting, approvals, and ongoing portfolio oversight within a fast‑paced, markets‑facing environment. The position provides meaningful autonomy, senior stakeholder exposure, and the opportunity to influence credit outcomes across a growing alternatives platform.
- Independently assess and approve credit risk for hedge fund and private equity counterparties, including strategy analysis, performance, liquidity, leverage, and sponsor strength
- Prepare and approve credit memos, internal ratings, and exposure limits, and manage ongoing portfolio monitoring through NAV reviews, stress testing, and performance analysis
- Review and approve trading activity, margin frameworks, and transaction structures across derivatives, prime brokerage, securities financing, and bespoke products
- Partner closely with Sales, Trading, Market Risk, Legal, and Operations to negotiate documentation, articulate credit risk perspectives, and identify emerging risks and process enhancements
Qualifications:
- ~10+ years of experience in counterparty credit risk at a major financial institution
- Demonstrated coverage of hedge funds and private equity funds across derivatives, prime brokerage, and financing structures
- Strong understanding of alternative investment strategies and fund‑level due diligence
- Deep knowledge of credit risk frameworks, exposure metrics, and stress testing
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