Junior Hedge Fund Credit Analyst

Permanent contract|New York|Risks

Junior Hedge Fund Credit Analyst

New York, United States Permanent contract Risks

Responsibilities

Core Job Requirements Include:

  • Conducting Hedge Fund and Fund of Hedge Funds 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, 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.

Profile required

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.
  • Ability to meet deadlines and work independently as well as contribute to team goals
  • Comfortability with meeting/interacting with clients and stakeholders regularly

Experience Needed:

  • 1+ yrs 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.
  • 1+ yrs 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

Business insight

The role of Hedge Funds Risk Department is to provide counterparty risk management for hedge funds, fund of hedge funds, proprietary trading groups 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, prime brokerage and clearing activities, fund of hedge funds financing and other structured products).

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 210009BS
Entity: SG AMERICAS OPERATIONAL SECURITIES
Starting date: 2021/04/26
Publication date: 2021/04/07
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