Vice President – Global Counterparty Credit – Hedge Funds

TD•New York, NY

5d•Onsite

About The Position

As part of the Global Markets Credit team, Global Counterparty Credit (GCC) provides due diligence and ongoing monitoring of counterparties across financial institutions, non-bank financial institutions, and funds. The team identifies, assesses, and mitigates counterparty credit risks. The Vice President – GCC Hedge Funds evaluates and facilitates credit requirements for TD Securities’ Global Markets Hedge Fund business, working 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, and Market Risk Control to assess trading, derivative, and financing transactions. Hedge fund and derivative product experience is essential. The position manages a portfolio of hedge fund counterparties that use capital-markets products, including derivatives, financing, and margin financing through prime brokerage and synthetics. It assesses transaction and counterparty risk, monitors portfolio performance and compliance, structures and negotiates credit terms, and conducts market, industry, and counterparty due diligence. The role also keeps current with industry trends and derivative-product developments through industry forums and conferences.

Requirements

Undergraduate degree in Business (Accounting or Finance), Mathematics, or Economics.
5–10 years of experience in a counterparty or credit risk function at a large financial institution covering hedge funds, private equity, and institutional family offices.
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.
Hedge fund and derivative product experience.

Responsibilities

Prudently manage a portfolio of hedge fund counterparties active in derivatives, financing products, and margin financing through prime brokerage and synthetics.
Evaluate transaction and counterparty risk to support Equities, Fixed Income, and FX businesses.
Provide reasoned assessments of risk-return profiles for transactions and client relationships.
Monitor hedge fund counterparties’ performance and compliance with credit authorizations and trading documents, and ensure counterparty risk ratings remain accurate.
Negotiate and structure credit terms in trading and lending agreements to incorporate appropriate risk-mitigating terms under applicable product policies.
Coordinate with Global Markets business lines, Credit Risk Management/Risk Management, Global Markets Documentation, Legal, Compliance, and Operations to structure transactions and mitigate applicable risks.
Conduct market, industry, and counterparty due diligence as part of comprehensive credit assessments.
Stay informed about industry trends and derivative-product developments through industry forums and conferences.