Director – Global Counterparty Credit – Hedge Funds

TD Bank•New York, NY

3d•Onsite

About The Position

Global Markets Credit provides due diligence and ongoing monitoring of counterparties across Financial Institutions, Non-bank Financial Institution, and Funds sectors. The Director is a senior member of a credit analyst team evaluating and facilitating credit requirements for TD Securities’ Global Markets businesses within the Group’s risk appetite and strategies. The role works closely with business lines and partners across relationship management, documentation, credit and risk management, market risk control, legal, compliance, and operations. The Director is responsible for prudent management of a portfolio of hedge fund counterparties using capital markets products, including derivatives, securities borrowing and lending, repurchase transactions, and prime brokerage margin financing. The portfolio may also include fund financing lending activities and related structures. The role conducts comprehensive credit assessments, reviews credit submissions and recommendations, monitors counterparties and authorization terms, and helps structure transactions with appropriate risk mitigation. The Director also contributes leadership, team development, regulatory and audit activities, and industry engagement.

Requirements

Undergraduate degree in Business (Accounting or Finance), Mathematics, or Economics.
10+ years of relevant industry experience.
Experience with Prime Brokerage underwriting and equity derivatives products.
Experience with legal agreements including ISDAs, MCAs, GMRAs, MRAs, and PBAs.
Strong Excel and modeling skills.

Responsibilities

Manage a portfolio of hedge fund counterparties active in capital markets products, including derivatives, securities borrowing and lending, repurchase transactions, and prime brokerage margin financing; this may also include fund financing lending activities and related structures.
Conduct market, industry, and counterparty due diligence as part of comprehensive credit assessments.
Review counterparty credit submissions and recommendations to ensure alignment with business-line strategies and credit risk policies and to confirm appropriate risk ratings.
Monitor counterparties’ ongoing performance and compliance with credit authorization terms and conditions, and ensure risk ratings remain accurate.
Review credit terms in trading and lending agreements to ensure required risk-mitigating terms are incorporated in accordance with product policies.
Work with Global Markets business lines, Credit Risk Management/Risk Management, Global Markets Documentation, Legal, Compliance, and Operations to structure transactions and mitigate counterparty and other applicable risks.
Discuss credit and policy requests, strategy, and active risk issues with Global Markets business lines and Credit Risk Management/Risk Management.
Participate in market- and credit-risk forums, business initiatives, and working groups in a leadership capacity.
Develop and train team members and foster a collaborative team environment.
Participate in regulatory and internal audit examinations of the Global Markets Credit function.
Keep apprised of industry trends through participation in industry forums and conferences.