Risk, Credit Risk, Vice President Salt Lake City, Utah, United States Posted on 09/06/2023 Be t[...]

Department Overview :

Read the overview of this opportunity to understand what skills, including and relevant soft skills and software package proficiencies, are required.

Credit Risk (CR) is responsible for managing the firm’s credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparts is managed within the firm’s risk appetite.

Staffed with more than 270 professionals, CR operates through 12 different offices around the world and credit professionals work closely with many areas of the firm.

Given this structure, CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions.

The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.

Responsibilities :

• Evaluating credit risk aspects of prime brokerage, synthetic equity swap, Futures and Clearing portfolios for Global Market clients.
• Reviewing and approving risk taking across Prime businesses by assessing risk of transactions through reviews of quantitative models, portfolio analysis, stress testing, and other methods.
• Working closely with first line teams in Global Markets to actively risk manage, underwrite complex client portfolios and focus situations through the market cycle.
• Negotiate credit and margin terms in trading documentation to protect against a default and minimize potential losses.
• Assess the credit and financial strength of the firm's hedge fund and funds counterparts by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors.

Basic Qualifications :

• 5-10 years of credit risk management experience.
• Experience with hedge funds and / or prime brokerage / clearing products is preferred.
• Demonstrable track record of independent decision making, strong communication skills, displaying stature while communicating with team and at senior levels.
• Strong analytical and presentation skills required.
• Previous experience with leading and motivating a diverse team, providing guidance to and supervision of junior members of the team.
• Bachelor’s degree in business or finance preferred.

Competencies :

Functional Expertise and Technical Skills Demonstrates deep knowledge of financial markets, risk analysis and current risk management practices as well as strong technical skills required for the role.

Values attention to details, takes initiative to broaden his / her knowledge and demonstrates appropriate financial / analytical skills.

• Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify / define needs and manages client / business expectations.
• Teamwork Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions.
• Communication Skills - Communicates in a clear and concise manner, shares information / new ideas with peer group and team, while demonstrating judgment to escalate as appropriate.
• Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives.

Sees the big picture and effectively analyzes complex issues.

Creativity and Influence- Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value.

Takes a position on issues and influences others' opinions by presenting persuasive recommendations.

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