Hedge Fund Credit Analyst

Hedge Fund Credit Analyst

Banking operations processing Permanent contract New York, New York, United States Hybrid Salary from 122,000 to 240,000 Reference 25000

LWI Start date 2025 / 12 / 08 Publication date 2025 / 10 / 20

The role of Hedge Funds Risk Department is to provide counter party risk management for hedge funds, Fund of hedge funds, proprietary trading groups, Regulated Funds, Mandates and Central Counter party Clearing Houses (CCPs). As a second line of defense (LOD2), the department provides independent risk control services for SG when exposed to these counter party client types. It performs full risk assessment including client due diligence, limit setting, counter party rating as well as monitoring of counter party risk exposures all business lines within the SG Group that transact with hedge funds or take HF shares as collateral (fund of hedge funds financing business).

Our team is seeking to add an experienced Hedge Fund Credit Analyst who will cover a portfolio of hedge funds and Fund of hedge funds clients across all Global Markets products and activities (OTC and listed derivatives, Equity and Fixed Income prime brokerage, Fund of hedge funds financing and other structured products).

• Conducting Hedge Fund, Fund of Hedge Funds and Proprietary trading firms due diligences, including completing due diligence reports and client ratings
• Preparing annual reviews, setting limits, managing exposures, opining on transactions, negotiation of legal terms, and active monitoring of risk.
• Negotiating credit terms of Legal agreements (ISDA, GMRA, Equity PB and other Clearing agreements etc.)
• Managing client credit lines and transaction parameters
• Monitoring of portfolio and addressing daily overshoots across all applicable metrics
• Building proficiency with all systems used by the Group.

Development, testing and delivering solutions relating to assigned projects and goals as applicable.

Assessment - Performing hedge fund and fund of hedge funds due diligence including the review of relevant documentation, analyzing investment and operational risks, performing background checks, arranging and attending on-site due diligence meetings and drafting well-written, cogent, due diligence documents. Provide analysis and assist in opining on transactions and associated risks and limits.

Monitoring – Maintain a deep understanding of the counter party risks metrics and exposures. Active continuous monitoring across a broad range of metrics and indicators and management of counter party exposures in accordance with developing market conditions, counter party risk profile and defined risk appetite. Following up on limit, threshold and policy breaches. Maintaining up to date risk information and the ongoing monitoring of hedge fund performance

and creditworthiness.

Mitigation - Enforcing procedures designed to mitigate against losses in the event that a hedge fund defaults, including assisting in negotiating credit terms of legal documents ( ISDA ATEs), negotiating and opining on Independent Amounts or margin requirements.

• Analytical / statistics skills; understanding of means, standard deviations, correlation, normal distributions, sampling error, and basic performance statistics for the fund industry.
• Writing and presentation ability

• Knowledge of hedge fund industry and hedge funds structures and strategies, and the risks associated with the products in scope.
• Knowledge of OTC and listed derivative products and drivers of associated risks.
• Knowledge of Equity PB activity, metrics and applicable frameworks.
• Knowledge of Fund of Hedge funds financing transaction and activities.
• Ability to meet deadlines and work independently as well as contribute to team goals.
• Comfortability with meeting / interacting with clients and stakeholders regularly.
• Knowledge of regulated funds and mandates a plus.

• Experience in hedge fund counter party credit risk or hedge fund investment risk. Preferably experience in fund of hedge funds analysis and risks associated with funds of hedge funds financing business (3 years +).
• Experience reading and understanding detailed covenants and clauses in legal documentation such as ISDAs, Clearing Agreements, GMRAs, financing agreements, term sheets, prospectuses etc.

• Bachelor’s in Finance. Masters a plus.