Director – Global Counterparty Credit – Hedge Funds

TD•New York, NY

5d•Onsite

About The Position

Global Markets Credit provides due diligence and ongoing monitoring of counterparties across the Financial Institutions, Non-bank Financial Institution, and Funds sectors, helping identify, assess, and mitigate counterparty credit risks. The Director is a senior member of a team of credit analysts evaluating and facilitating credit requirements for TD Securities’ Global Markets businesses within the Group’s risk appetite and strategies. The role works closely with Global Markets business lines, Relationship Managers, Global Markets Documentation, Credit Risk Management/Risk Management, Market Risk Control, Legal, Compliance, and Operations on trading, derivative, and financing transactions. The Director prudently manages a portfolio of hedge fund counterparties active in 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 position conducts credit due diligence and assessments, reviews credit submissions and recommendations, monitors counterparties and credit authorizations, and ensures appropriate risk-mitigating terms are included in relevant agreements. It also contributes leadership, team development, regulatory and internal audit participation, 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 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.
Conduct market, industry, and counterparty due diligence as part of comprehensive credit assessments.
Review counterparty credit submissions and recommendations to confirm requests align with business-line strategies and credit risk policies and have appropriate risk ratings.
Oversee and monitor counterparty performance to ensure compliance with credit authorization terms and conditions and that assigned risk ratings remain accurate.
Review credit terms in relevant trading and lending agreements to ensure required risk-mitigating terms are incorporated under 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.
Represent Global Markets Credit in a leadership capacity by participating in market- and credit-risk forums, business initiatives, and working groups.
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.