Credit Risk Management - Hedge Funds / Private Equity
At a glance
Mid-level Risk & Financial Compliance role at Nomura Holdings. New York · $160,000–$190,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Judge hedge fund and private equity credit quality using strategy, performance, liquidity, leverage and manager or sponsor strength
- Prepare written credit decisions, assign ratings and limits under delegated authority, and monitor assigned counterparties
- Track NAV changes, returns and redemptions, then flag signs that a fund's credit position is weakening
- Assess trading, margin terms and transaction structures, and present the credit view to senior leaders or committees
- Handle trading documents, build stakeholder relationships, and contribute to risk projects, monitoring tools and junior staff development
What you bring
- At least ten years overseeing credit risk at a major financial institution, with delegated approval responsibility
- Experience with hedge fund and private equity transactions and structures is strongly preferred
- Knowledge of alternative fund strategies, derivatives, prime brokerage and related risk characteristics
- Familiarity with ISDA, GMRA, futures and options, and prime brokerage agreements
Who this fits
This New York Vice President role suits an experienced credit risk professional who can manage a dedicated hedge fund and private equity portfolio. You’ll work with sales and trading, market risk, legal, operations and client integration teams, and contribute to team leadership by mentoring junior colleagues.
From the employer
JOB DESCRIPTION
Job title: Credit Risk Management – Hedge Funds / Private Equity
Corporate Title: Vice President
Department: Risk Management
Location: New York
The pay range for this position at commencement of employment is expected to be between $160,000 and $190,000/year *(see below footnote for additional compensation and benefits information).
Company overview
Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.
Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit www.nomura.com
Aon’s Benefit Index®, Nomura’s benefits rank #1 amongst our competitors
Department Overview:
Credit Risk Management (CRM) is a key function in protecting the Firm and ensuring prudent risk-taking. CRM is responsible for analyzing counterparty creditworthiness, assigning internal credit ratings, establishing and managing credit risk limits in accordance with the risk tolerance. In addition, CRM measures and controls credit exposure associated with lending, financing and trading activities. CRM is a “Second Line of Defense” control function.
Within CRM, the Hedge Funds (HF) and Private Equity (PE) credit team is responsible for managing all credit risk involving this large and diverse set of clients. The HF & PE Team sits within the Counterparty Credit Risk silo organizationally and works closely with colleagues in other areas of risk and other functions globally including, Front Office, Legal, Finance, Operations and Collateral Management.
Role description:
Credit Risk Management is looking to hire an experienced Vice President in New York responsible for managing credit exposures to Hedge Funds and Private Equity Funds. The candidate will be responsible for independently managing and monitoring exposure to a dedicated portfolio of counterparties generated by activities including OTC derivatives, securities financing, prime brokerage, loan agreements, and other kinds of structured or bespoke transactions. The individual will also support the day-to-day management of the team and assist the enhancement of specialized data analytics and portfolio monitoring tools.
- Assess creditworthiness of hedge funds and private equity funds through comprehensive analysis of fund strategy, performance attribution, liquidity profile, leverage, and manager or sponsor strength
- Perform client due diligence and financial analysis and summarize in high quality written credit approval memos and reviews; approve internal counterparty ratings and limits under delegated authority.
- Display a detailed understanding of the credit risk framework, including relevant exposure metrics and stress testing.
- Perform ongoing monitoring including monthly/quarterly NAV reviews, performance attribution analysis, redemption tracking, and proactive identification of deteriorating credit quality
- Review and approve trading activity, margin requirements and structural enhancements to transactions; challenge structured transactions, articulating the credit risk viewpoint to senior management and committees as appropriate.
- Negotiate legal documentation for traded products while having a good understanding of associated covenants
- Develop and maintain relationships with senior stakeholders in Front Office and client organizations.
- Identify emerging risks and trends in the alternative investment space.
- Lead or participate in firm wide projects, such as credit policy development, system implementations, and regulatory response efforts; mentor junior members of the team.
Skills, experience, qualifications and knowledge required:
- Minimum of 10+ years’ of relevant experience in managing credit risk at a major financial institution, including application of delegated approval authority.
- Experience in both hedge funds and private equity transactions / structures strongly preferred
- Understanding of alternative investment strategies (long/short equity, event-driven, credit, macro, buyout, growth equity, distressed) and well versed in leading due diligence meetings with clients
- Product knowledge of all major derivative instruments and Prime Brokerage products/services with a full understanding their respective risk characteristics.
- Understanding of master trading documentation, particularly International Swaps and Derivatives Association (ISDA), Global Master Repo Agreements (GMRA), Futures and Options (F&O) and Prime Brokerage agreements.
- Advising and/or assisting teams in a fast-paced, high-pressure environment with the ability to prioritize and complete tasks within team environment
- Experience working closely with various business partners such as sales/trading, market risk, legal, operations and client integration
- Analytical mindset and problem-solving ability with a quantitative aptitude.
- Strong verbal and written communication skills; should be at ease in communicating with Sales and external clients.
*base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience.
If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors”.
Nomura is an Equal Opportunity Employer