Hedge Fund Credit Analyst

Department Summary: 
The role of Hedge Funds Risk Department is to provide counterparty risk management for hedge funds, Fund of hedge funds, proprietary trading groups, Regulated Funds, Mandates and Central Counterparty Clearing Houses (CCPs). As a second line of defense (LOD2), the department provides independent risk control services for SG when exposed to these counterparty client types. It performs full risk assessment including client due diligence, limit setting, counterparty rating as well as monitoring of counterparty risk exposures all business lines within the SG Group that transact with hedge funds or take HF shares as collateral (fund of hedge funds financing business).

Our team is seeking to add an experienced Hedge Fund Credit Analyst who will cover a portfolio of hedge funds and Fund of hedge funds clients across all Global Markets products and activities (OTC and listed derivatives, Equity and Fixed Income prime brokerage, Fund of hedge funds financing and other structured products).

Core Job Requirements Include:

• Conducting Hedge Fund, Fund of Hedge Funds and Proprietary trading firms due diligences, including completing due diligence reports and client ratings
• Preparing annual reviews, setting limits, managing exposures, opining on transactions, negotiation of legal terms, and active monitoring of risk.
• Negotiating credit terms of Legal agreements (ISDA, GMRA, Equity PB and other Clearing agreements etc.)
• Managing client credit lines and transaction parameters
• Monitoring of portfolio and addressing daily overshoots across all applicable metrics
• Building proficiency with all systems used by the Group. 

• Development, testing and delivering solutions relating to assigned projects and goals as applicable.

  
  
  • Assessment - Performing hedge fund and fund of hedge funds due diligence including the review of relevant documentation, analyzing investment and operational risks, performing background checks, arranging and attending on-site due diligence meetings and drafting well-written, cogent, due diligence documents.  Provide analysis and assist in opining on transactions and associated risks and limits.

  • Monitoring – Maintain a deep understanding of the counterparty risks metrics and exposures. Active continuous monitoring across a broad range of metrics and indicators and management of counterparty exposures in accordance with developing market conditions, counterparty risk profile and defined risk appetite. Following up on limit, threshold and policy breaches. Maintaining up to date risk information and the ongoing monitoring of hedge fund performance

    and creditworthiness.

  • Mitigation - Enforcing procedures designed to mitigate against losses in the event that a hedge fund defaults, including assisting in negotiating credit terms of legal documents (e.g. ISDA ATEs), negotiating and opining on Independent Amounts or margin requirements.

Technical Skills:

• Analytical/statistics skills; understanding of means, standard deviations, correlation, normal distributions, sampling error, and basic performance statistics for the fund industry.  
• Writing and presentation ability

Competencies:

• Knowledge of hedge fund industry and hedge funds structures and strategies, and the risks associated with the products in scope. 
• Knowledge of OTC and listed derivative products and drivers of associated risks.
• Knowledge of Equity PB activity, metrics and applicable frameworks.
• Knowledge of Fund of Hedge funds financing transaction and activities.
• Ability to meet deadlines and work independently as well as contribute to team goals. 
• Comfortability with meeting/interacting with clients and stakeholders regularly.
• Knowledge of regulated funds and mandates a plus.

Experience Needed:

• Experience in hedge fund counterparty credit risk or hedge fund investment risk. Preferably experience in fund of hedge funds analysis and risks associated with funds of hedge funds financing business (3 years +).
• Experience reading and understanding detailed covenants and clauses in legal documentation such as ISDAs, Clearing Agreements, GMRAs, financing agreements, term sheets, prospectuses etc.

Education:

• Bachelor’s in Finance. Masters a plus.

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

OUR CULTURE: 
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. For more information about our Culture and Conduct initiatives, please visit this link (https://americas.societegenerale.com/en/careers/get-know-culture/)

DIVERSITY, INCLUSION & BELONGING (“DIB”):
Our DIB Mission: Recruit, develop, retain and advance a talented workforce that is united in our efforts to leverage our talent and further develop an inclusive environment that will enhance our competitive position and deliver innovative solutions to our clients. It seeks to foster an environment where employee differences are valued and where all employees feel engaged, supported, respected, and informed. For more information about our DIB initiatives, please visit this link: https://americas.societegenerale.com/en/careers/get-know-diversity/

HYBRID WORK ENVIRONMENT:
Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols.  Hybrid work arrangements vary based on business area.  The applicable business lines will determine and communicate the work arrangements that best meet their business needs.

COMPENSATION:
Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.