Credit Risk Management - Executive Director, Americas Team Lead, Hedge Funds + Private Equity

About the role

The Credit Risk Management (CRM) division seeks an experienced Executive Director to serve as the Americas Team Lead responsible for managing the Hedge Funds and Private Equity Funds Credit Risk team in New York. This is a senior leadership role that carries delegated credit approval authority and reports into the Global Head of Hedge Funds and Private Equity Credit Risk.

Responsibilities

• Lead and manage the Americas Hedge Funds and Private Equity Funds Credit Risk team in New York, providing day-to-day oversight and guidance to a team of VPs, Associates and Analysts
• Review and approve credit memos, ratings and limits under delegated authority; assess creditworthiness of hedge funds and private equity funds through comprehensive analysis of fund strategy, performance attribution, liquidity profile, leverage, and manager or sponsor strength
• Conduct due diligence visits and calls with HF and PE clients; analyze trading strategies, risk management frameworks, performance metrics, operational controls and governance structures to produce high-quality credit assessments
• Collaborate with Front Office Risk and other risk functions to understand stress loss scenarios; perform ongoing monitoring including monthly/quarterly NAV reviews, performance attribution analysis, and proactive identification of deteriorating credit quality; review credit limit breaches and recommend appropriate credit actions when risk appetite thresholds are exceeded
• Review and approve trading activity, margin requirements and structural enhancements to transactions; oversee daily trade approvals in coordination with other risk teams and establish appropriate margining requirements
• Define credit terms and covenants for legal documentation including Prime Brokerage agreements, ISDA/CSA, GMRA, and negotiate legal documentation while maintaining thorough understanding of associated covenants
• Maintain close communication with HF and PE team leads globally and monitor international risk developments; present comprehensive Americas portfolio risk summaries at global risk review calls and regional/global risk committees
• Establish and maintain constructive relationships with Front Office, Market Risk, Legal, Operations, Compliance and Finance; oversee client engagement and credit standards in coordination with key firmwide stakeholders
• Support enhancement of specialized data analytics and portfolio monitoring tools; lead or participate in firmwide projects such as credit policy development, system implementations, and regulatory

Requirements

• 12+ years of relevant experience in managing credit risk to Hedge Funds and/or Private Equity Funds at a major financial institution, with proven team management experience including application of delegated approval authority
• Deep understanding of alternative investment strategies and well-versed in leading client due diligence meetings; experience in both hedge funds and private equity transactions/structures strongly preferred
• Strong knowledge of all major derivative instruments and Prime Brokerage products/services with full understanding of their respective risk characteristics; thorough understanding of master trading documentation (ISDA, CSA, GMRA, F&O, Prime Brokerage agreements)
• Strong quantitative skills with ability to interpret complex risk metrics for informed credit decision-making; comprehensive understanding of portfolio trade risks and credit risk frameworks
• Proven ability to lead, develop and mentor analysts in a fast-paced, high-pressure environment with ability to prioritize and complete tasks according to project needs
• Excellent interpersonal and communication skills with demonstrated ability to engage effectively with Sales teams, Front Office, and external clients at all levels; strong negotiation and consensus-building abilities
• Experience working closely with various business partners such as sales/trading, market risk, legal, operations and client integration; demonstrated business and project management acumen with executive presence
• Bachelor's degree in Finance, Economics, Mathematics, or related field required; advanced degree preferred