Credit Analyst - Hedge Funds

Credit Analyst - Hedge Funds

City of London

Permanent

£120,000

cer Financial are working alongside an exciting mid-tier bank who are based in the City of London. They are seeking a Hedge Fund Credit Risk VP to work with them on a permanent basis.

The responsibilities of the Credit Analyst will include:

• Responsible for credit due diligence of Hedge Funds clients, including but not limited to assessing, managing and monitoring the credit risk and facilitating market access through the proposing and setting of credit limits.
• Utilise both qualitative and quantitative skills in analysing funds and be knowledgeable about a wide variety of capital markets products including FX, credit derivatives, interest rate swaps, as well as loan products. Become knowledgeable about capital markets access and keep current with products, economic, political, regulatory and market trends.
• Articulation of the Client's strategy and investment themes and an assessment of its fund's portfolio.
• Discussion of the dynamics and nature of the Client's Funds portfolio.
• Assessment of the Client's competitive positioning within the industry.
• Discussion of management strength, experience and track record and corporate governance more broadly.
• Interact with RMs/ARMs and clients directly to gather financial statements and other information/inputs for performing quality analysis and due diligence.
• Evaluation of risks associated with particular proposed transactions, where required.
• Completion of Group Mandate/BCA Part 1, Part 2, financial analysis, scorecards.
• For Cat 2 lines, complete Cat 2 substantiation assessment and (where required).
• For client requiring Master Agreement documentation, preparation and submission of Credit Term Sheets.
• Documentation support on credit aspects and working with IMO on BCA reworks.
• Testing and Monitoring Covenants & Risk Triggers; EAR & ASTAR reporting/updates to credit.
• Seek pre-approval endorsements (where applicable).
• Preparing country specific regulatory checklists (where applicable).
• Credit stress testing.
• Ensure compliance of all internal and regulatory credit/other portfolio related policies, including aggregation/disaggregation with fund manager groups and sponsors.
• FICC / FIRC Certification, as appropriate.
• Proactive monitoring of key fund or industry wide events and/or developments, as well as of covenants and risk triggers where applicable.
• Partnering Relationship Managers in pursuing their client strategies through proactive idea generation, support in preparing materials for client discussion and through ensuring they are always fully briefed on key risk aspects.
• Partnering Risk through clear presentation of credit analysis and proposed credit grading, as well as through proactive and considered discussion of key risk aspects.
• Accompanying Relationship Managers on calls, client visits, as part of general due diligence in respect of credit analysis.
• Acting as a broader point of expertise in respect of credit aspects.
• Liaison with Operations to address operational issues.
• Liaison with Collateral to address collateral issues.
• Liaison with IMO in respect of the offboarding of closed funds or exited relationships.
• Preparation of other analysis as directed by the relevant Team Leader, such as Industry specific reviews, portfolio reviews, assessments of new prospects etc.

The successful Credit Analyst will have:

• Minimum 5-8 years’ experience in Hedge Fund credit analysis.
• Good knowledge of Fund types, legal structures, industry standards and general on-boarding dynamics in this specialist client space is preferred.
• Experience in client engagement, both internally and externally. Includes working with
• Good Excel skills and ability to manipulate and access large data files.
• Graduates / Graduate calibre.
• Sound knowledge of accounting, financial principles and derivatives gained by experience or qualification.
• MBA or CFA qualifications advantageous but not required.