Portfolio Manager Jobs

About The Position

Requirements

• Bachelor’s degree in Finance, Economics, Mathematics, Business Administration, or a related financial field.
• Seven years of experience in the job offered or in a related position involving credit risk underwriting, counterparty portfolio management, and portfolio monitoring.
• Experience with capital markets and counterparty credit risk, including major financing and OTC traded products such as repo, prime brokerage, futures, foreign exchange, total return swaps, interest rate derivatives, equity derivatives, credit derivatives, commodity swaps, securities trading, and secondary loan trading.
• Experience with Prime Brokerage and other equity financing or clearing businesses for leveraged funds.
• Knowledge of counterparty credit exposure, including potential future exposure and value-at-risk, stress testing, margin calls, and risk reporting.
• Experience evaluating and conducting due diligence with alternative asset managers, primarily hedge funds or private equity funds, as well as proprietary trading firms and family offices.
• Experience writing credit reviews with detailed credit analysis on complex fund types.
• Experience negotiating credit points in master trading legal documentation, including ISDA, MRA, PBCA, and FCSA.

Responsibilities

• Underwrite counterparty credit for leveraged funds and specialized businesses.
• Provide oversight and management to asset managers and guide the growth and development of counterparty credit for trading and financing activities.
• Oversee credit risk mitigation and maintenance.
• Conduct counterparty credit analysis of traditional hedge funds and private equity funds in capital markets and wholesale sales and trading businesses.
• Oversee trade approvals, initial credit reviews, and annual credit reviews of leveraged fund counterparties.
• Monitor counterparty quality and credit exposures and conduct due diligence for hedge fund clients.
• Prepare credit packages and annual reviews.
• Support underwriting for Prime Brokerage, Futures and OTC Clearing, Bilateral Derivatives, Foreign Exchange, Repo, Securities Financing, and Secondary Loan Trading.
• Conduct due diligence with alternative asset managers and write initial and annual credit reviews.
• Set and approve credit limits and monitor client financials.
• Approve bespoke trades and/or margin levels, monitor margin calls, and escalate concerns to senior risk managers and business leaders.
• Work with external client contacts and internal business partners in the Corporate & Investment Banking Markets Division to make sound risk decisions aligned with the company's risk management framework.
• Follow applicable risk programs, policies, procedures, and compliance obligations; monitor, identify, escalate, and remediate issues as appropriate.

Benefits

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement