VP, Credit Management

ProShares•Bethesda, MD

2d•Hybrid

About The Position

The Credit and Counterparty surveillance position is responsible for the daily monitoring of PFG business partners. The individual will also monitor current market events and recommend the approval of new counterparties based on standards defined by the credit committee. The role will be responsible for the creation and maintenance of an in-house database of financial data of all PFA counterparties. Finally, the role will be responsible for maintaining ongoing relationships with counterparties and financial officers necessary for the timely completion of annual due diligence reviews.

Requirements

Undergraduate degree, Finance, economics, math, engineering, accounting, or related field.
Five to seven years experience preferred at an asset manager or buy- side firm in a credit analysis role.
Excel proficiency required.
Familiarity with Bloomberg, Bridge, Trade Web.
Requires reading and analyzing financial statements.
Fundamental credit analysis and research.
Requires understanding of Credit Default Swap spreads and their use in credit analysis.
Requires extreme attention to detail.
Requires strong quantitative and analytical skills.
Familiarity of securities regulations.
Requires strong oral, written, and presentation skill desirable.

Nice To Haves

VBA and macro writing skills preferred.

Responsibilities

Surveillance and monitoring of all counterparties: Swap and repo, Authorized Participants, FCM’s, Custodians, Transfer Agents, Firm technology vendors and data providers, And any other firm who’s viability could directly or indirectly impact the financial condition of either PFG and its affiliates or any products it manages
Development and Implementation of best practices with the goal of reducing firm wide risk.
Ensure adherence to best practices.
Create and implement an in house repository for all supporting data and files.
Annual due diligence reviews and oversight of the firms’ internal credit team comprised of several portfolio managers.
Assist in the monitoring of the money market fund sub advisory relationship.
Daily surveillance of all counterparties and execution only brokers to ensure that they meet minimum credit standards.
Daily surveillance of FCM’s to ensure that they meet minimum standards.
Daily update of financial models.
Daily monitoring of firm wide exposure and the distribution of reports to portfolio managers.
Annual due diligence reports for all approved counterparties, FCM’s, and execution only brokers.
Quarterly updates prepared for the credit committee.
Other duties and responsibilities as assigned.