Private Equity Funds Credit Risk Officer, AVP

1. Role: Assistant Vice President– Private Equity and Private Debt Funds – Credit Officer

Manage credit risk for a portfolio of Private Equity/Private Debt 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 private equity/private debt funds utilizing strategies across multiple lending and trading products (including Revolving Credit Facilities, NAV Loans, FX, and so forth) for State Street’s direct and custody clients
• Perform/Review annual risk ratings, utilizing analytics and various metrics, within State Street’s Basel-compliant models
• Review and analyse deal proposals presented by the business unit for PE Funds/Private Credit Funds.
• Participate in due diligence calls and review annual renewals of existing counterparties
• Support relevant workstreams during the annual Comprehensive Capital Analysis and Review (CCAR) exercise
• Provide monthly/quarterly reporting related to the portfolio for various committees
• Ongoing monitoring and management of the credit quality of the client portfolio, identifying trends and recommending action when necessary
• Develop 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 reviews
• Propose adjustments to limit sizes and tenors based on reasoned analysis together with business requirements and utilization history
• Develop 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 reporting
• Review and understand limit exceptions reports, investigate causes, propose remediation action, and resolve upon consensus and approval
• Build knowledge of the content and structuring of legal documentation governing trading businesses
• Propose and implement enhancements to the credit approval and risk management processes
• Establish and maintain procedure and working documents
• Establish 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
• Support the business in new product/portfolio expansion initiatives

3. Requirements:

Education and Experience

• Preferred 4+ years of counterparty credit risk management in a global financial institution, or related experience, with a broad knowledge of credit and capital market products; Bachelors in Business, Finance, or relevant field. MBA and/or CFA (or equivalent) 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 risks
• Ability to establish a close working relationship with the front office business unit and other teams across the organization
• Strong verbal, written, and presentation skills
• Self-motivated and able to work independently
• Excellent time-management skills with the ability to prioritize competing demands
• Knowledge of the various fund types and their associated risk profiles essential
• Knowledge of lending and trading products credit products associated with the portfolios required
• Excellent Excel skills and reporting capabilities
• High level of credit analytical skill sets (qualitative and quantitative)
• Working knowledge of State Street’s credit rating and limit management systems, and credit policies, preferred
• Ability to demonstrate persistence and see tasks through to their conclusion. Able to self-motivate, and thrive in a dynamic environment

End Date: December 30, 2024

For further information, and to apply, please visit our website via the “Apply” button below.