Hedge Fund Credit Analyst (Vice President)
About the position SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. The anticipated salary range for this role is between $138,000.00 and $185,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees. Role DescriptionMeasure gross and net exposures across differing types of instruments and counterparties. Model expected counterparty credit loss on the current, expected and future exposures. Establish threshold for counterparty risk across a number of elements, including client, industry, location, etc., depending on risk appetite. Monitor threshold and suggest remedial actions. Establish procedures for accepting counterparties and establishing transaction terms, limits and net exposure.
Responsibilities
- Perform credit analyses on hedge fund, asset managers, insurance companies and banks with emphasis on investment strategy, asset quality, leverage, liquidity, historical performance, portfolio exposures and risk control framework
- Evaluate derivatives and securities financing transactions across client base working closely with derivatives marketers, relationship managers, risk management, credit department and legal to mitigate risk
- Support negotiation of master agreements, identify policy exceptions and provide ongoing monitoring for termination events
- Approve initial margin requirements
- Provide continuous credit monitoring of assigned portfolio, ensure accuracy of assigned risk ratings and escalate any deterioration in credit quality to management
- Maintain open relationship with customers via due diligence meetings and periodic updates on performance
- Train, mentor and manage junior members of staff
- Work on special projects as required
Requirements
- BA/BS required with concentration in finance or business
- 7-10 years of relevant credit work experience covering hedge funds, insurance, asset managers and financial institutions
- Excellent understanding of derivatives and SFT product risk
- Outstanding verbal & written communication skills, backed by strong analytics & attention to detail
- Ability to operate independently, manage multiple simultaneous priorities and perform well under pressure in a demanding environment
- Proficient in Excel, Word and PowerPoint
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