Title: VP Credit Risk Management, Hedge Funds & Private Equity
Office Status: Hybrid New York, NY
Base Salary: $160k $190k + Bonus
ABOUT THE ROLE This Vice President opportunity sits within the Credit Risk Management function of a leading global financial services group, offering independent ownership of credit risk oversight for a dedicated portfolio of hedge fund and private equity fund counterparties. The role covers exposures generated across OTC derivatives, securities financing, prime brokerage, loan agreements, and bespoke structured transactions combining rigorous credit assessment and ongoing portfolio monitoring with active engagement across trading activity approvals, legal documentation negotiation, and firmwide risk initiatives. It s an ideal fit for a credit risk professional with 10+ years of experience managing counterparty credit risk to alternative investment funds at a major financial institution who combines deep knowledge of hedge fund and private equity strategies with strong quantitative skills, master trading documentation expertise, and the ability to engage credibly with Front Office, senior management, and external clients.
RESPONSIBILITIES- Assess the creditworthiness of hedge funds and private equity funds through comprehensive analysis of fund strategy, performance attribution, liquidity profile, leverage, and manager or sponsor strength;prepare high-quality written credit approval memos and reviews;approve internal counterparty ratings and limits under delegated authority
- Perform client due diligence calls and meetings;demonstrate a detailed understanding of the credit risk framework including relevant exposure metrics and stress testing;identify emerging risks and trends across the alternative investment space
- Perform ongoing monitoring including monthly and 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 and articulate the credit risk viewpoint to senior management and committees as appropriate
- Negotiate legal documentation for traded products including ISDA, CSA, GMRA, F&O, and Prime Brokerage agreements;maintain a strong understanding of associated covenants and risk characteristics
- Develop and maintain relationships with senior stakeholders across Front Office and client organizations;work closely with business partners including Sales and Trading, Market Risk, Legal, Operations, and Client Integration
- Lead or participate in firmwide projects including credit policy development, system implementations, and regulatory response efforts;support enhancement of specialized data analytics and portfolio monitoring tools
- Support day-to-day management of the team;mentor junior team members and contribute to a culture of analytical rigor and proactive risk management