ROLE: Vice President– Alternative Funds – Credit Officer

Manage credit risk for a portfolio of Alternative Funds by conducting credit reviews, performing risk ratings, continuous monitoring, and ad-hoc analyses. Maintain data, characteristics, and risk metrics for funds and counterparties in Risk and Dealing systems to ensure control and accurate exposure reporting.

2.   MAJOR RESPONSIBILITIES:

    

Undertake credit analysis on a portfolio of Alternative Funds utilizing strategies across multiple lending and trading products (including Revolving Credit Facilities, FX, Sec Fin, Repo and so forth) for State Street’s direct and custody clientsManage a small team of Credit Officers in both the US and non US locations.Perform annual risk ratings, utilizing analytics and various metrics, within State Street’s Basel-compliant modelsOngoing monitoring and management of the credit quality of the client portfolio, identifying trends and recommending action when necessaryDevelop and apply knowledge of risk metrics and characteristics that impact a fund’s relative risk (including strategy, performance, financials, investor base, and historical trends) and utilize in analysis, ratings, and reviewsPropose adjustments to limit sizes and tenors based on reasoned analysis together with business requirements and utilization historyParticipate in due diligence calls and review annual renewals of existing counterpartiesSupport relevant workstreams during the annual Comprehensive Capital Analysis and Review (CCAR) exerciseProvide monthly/quarterly reporting related to the portfolio for various committeesDevelop strong knowledge and act as a super user of State Street’s Risk systems and principal trading systems, particularly with respect to exposure methodologies, key risks, account and limit structuring, and reportingReview and understand limit exceptions reports, investigate causes, propose remediation action, and resolve upon consensus and approvalBuild knowledge of the content and structuring of legal documentation governing trading businessesPropose and implement enhancements to the credit approval and risk management processesEstablish and maintain procedure and working documentsEstablish a close working relationship with the Front Office Business Teams, as well as other internal groups, to ensure effective and efficient communication of all relevant matters

3.   REQUIREMENTS:

Education and Experience 

Preferred 7+ years of counterparty credit risk management in a global financial institution, or related experience, with a broad knowledge of credit and capital market products; Bachelor’s Degree required, MBA and/or CFA beneficial but not required.

Skills/Knowledge  

These skills will help you succeed in this role

Critical thinking and analytical skills with the goal of identifying and managing key risks impacting the portfolio, including macroeconomic, market, and counterparty-specific risksAbility to manage and train others in multiple locations, design training programs and adopt a globally consistent approach to rating and reviewing the underlying portfolios.Ability to establish a close working relationship with the front office business unit and other teams across the organizationAbility to form and foster strong risk relationships with external counterparties generally through due diligence and other risk based meetings.Strong verbal, written, and presentation skills, particularly important as this position requires that the incumbent presents at a cross functional committee level as well as to our regulators.Self-motivated and able to work independentlyExcellent time-management skills with the ability to prioritize competing demandsKnowledge of the various fund types and their associated risk profiles essentialExcellent Excel skills and reporting capabilitiesHigh level of credit analytical skill sets (qualitative and quantitative)Working knowledge of State Street’s credit rating and limit management systems, and credit policies, preferredAbility to demonstrate persistence and see tasks through to their conclusion. Able to self-motivate, and thrive in a dynamic environment

Salary Range:

$110.000 - $185.000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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