Job Title
Senior Credit Officer
Corporate Title
Vice President
Location
New York, NY
Overview
The Hedge Fund Senior Credit Officer will be responsible for managing Deutsche Bank's counterparty credit risk to US hedge fund and private equity clients. He or she will have their own dedicated funds portfolio, spanning a broad range of investment strategies, and will be responsible for approving transactions, as well as reviewing and monitoring the counterparties on an ongoing basis. The ideal professional will have extensive experience covering hedge fund and/or private equity fund clients and will be comfortable engaging directly with clients and senior Business. The Credit Officer will be a self starter, able to manage their own workload with minimal guidance, and able to train or develop more junior team members. The role will report into the Global Head of Credit Risk Management (CRM) Funds based in New York and will be part of a larger global funds team.
What We Offer You
A diverse and inclusive environment that embraces change, innovation, and collaboration.A hybrid working model, allowing for in-office / work from home flexibility.Generous vacation, personal and volunteer days.Employee Resource Groups support an inclusive workplace for everyone and promote community engagement.Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits.Educational resources, matching gift and volunteer programs.What You'll Do
Undertake initial credit due diligence for new clients by way of meetings with relevant personnel at the fund manager to fully understand the investment process and strategy, risk management approach and products traded.Approve appropriate credit limits, margins and documentation terms based on risk assessment of the hedge funds.Review and approve transaction requests for private equity funds.Engage closely with the sales team to review proposed trade/legal structures.Play a key role in the legal documentation process to ensure appropriate credit covenants are included.Maintain ongoing dialogue and due diligence with clients and preparation of annual credit reviews.Manage the risk and exposures within their portfolio on an ongoing basis.Keep up-to-date with market developments affecting the hedge fund sector.How You'll Lead
The Credit Officer will need to be comfortable engaging directly with top tier clients and senior Business, and take ownership of credit decisioning. The candidate will also be expected to be a seasoned Subject Matter Expert (SME) who is able to offer guidance and expertise with more junior team members.
Skills You'll Need
Degree level education or equivalent, with extensive industry experience in managing hedge fund credit risk.Knowledge of alternative funds sector and broad range of investment strategies.Prior experience in managing private equity credit risk.Product knowledge covering major derivative instruments and Prime Brokerage products/services.Understanding of master trading documentation.Deep knowledge of financial markets and hedge fund industry.Skills That Will Help You Excel
A confident decision maker able to explain the reasoning behind credit decisions.A strong team player, capable of working alongside colleagues.A self starter, able to manage their own workload.Articulate and at ease when interacting with clients.Ability to calculate and quantify transaction risk is desirable.Expectations
It is the Bank's expectation that employees hired into this role will work in the New York office in accordance with the Bank's hybrid working model.
Deutsche Bank Values & Diversity
We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging.
Equal Opportunity Employer
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.
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