Vice President – Global Counterparty Credit – Hedge Funds

TD Bank•New York, NY

4d•Onsite

About The Position

As part of TD’s Global Markets Credit team, Global Counterparty Credit (GCC) conducts new-business due diligence and ongoing monitoring of counterparties across the Financial Institutions, Non-bank Financial Institution, and Funds sectors. The Vice President – GCC Hedge Funds is a member of a credit analyst team that evaluates and facilitates credit requirements for TD Securities’ Global Markets Hedge Fund business 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 products, and margin financing through prime brokerage and synthetics. It evaluates transaction and counterparty risk to support Equities, Fixed Income, and FX businesses; assesses risk/return profiles; monitors portfolio performance and credit terms; and negotiates and structures credit terms in trading and lending agreements. The role also performs market, industry, and counterparty due diligence and stays current on industry trends and derivative product developments through industry forums and conferences. The role is based in New York, New York. The posting specifies 40 hours and a salary of $200,000. The physical requirements indicate continuous sedentary work, multitasking, use of standard office equipment, concentration, and reading, writing, and comprehension; domestic travel is occasional and international travel is never required.

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

Manage a portfolio of hedge fund counterparties active in capital markets products, including derivatives, financing products, and margin financing via prime brokerage and synthetics.
Evaluate transaction and counterparty risk to support Equities, Fixed Income, and FX businesses.
Provide reasoned assessments of the risk/return profiles of transactions and client relationships.
Oversee and monitor the ongoing performance of the assigned hedge fund counterparty portfolio.
Ensure counterparties comply with credit authorizations and trading documents, and that assigned 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.
Develop working relationships and coordinate 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 risks.
Conduct market, industry, and counterparty due diligence as part of comprehensive credit assessments.
Keep apprised of industry trends and derivative product developments through participation in industry forums and conferences.