Credit Risk Management - Hedge Funds / Private Equity

About the role

The candidate will be responsible for independently managing and monitoring exposure to a diverse portfolio of fund counterparties generated by activities including OTC derivatives, securities financing, prime brokerage, loan agreements, and other structured or bespoke transactions. The role requires strong technical expertise in hedge fund and private equity fund credit risk, proven stakeholder management skills, and the ability to lead and develop a high-performing team.

Responsibilities

• Lead and manage a team within the 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

Qualifications and Knowledge

• Bachelor's degree in Finance, Economics, Mathematics, or related field required; advanced degree preferred

Skills

• Technical expertise in hedge fund and private equity fund credit risk
• Stakeholder management skills
• Ability to lead and develop a high-performing team
• Comprehensive understanding of portfolio trade risks and credit risk frameworks
• Strong quantitative skills
• Proven ability to lead, develop and mentor analysts in a fast-paced, high-pressure environment
• Excellent interpersonal and communication skills
• Experience working closely with various business partners

Benefits

• Base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title and duties, job-related knowledge and advanced degrees, skills, and experience.
• The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave).

Pay

The pay range for this position at commencement of employment is expected to be between $220,000 and $250,000/year*

* (see below footnote for additional compensation and benefits information).

Schedule

Nomura offers a flexible schedule that allows for a healthy work-life balance.