Associate Credit Analyst – Hedge Fund – FI’s
City of London
Permanent
£65,000
cer Financial are working alongside a mid tier international bank who are based in the City of London. They are seeking a Credit Analyst – Hedge Fund – FI’s to work with them on a permanent basis to join a mid sized team. Ideally looking for someone with 2-3 years experience within FI’s with ideally some hedge fund experience but that can be taught.
The responsibilities of a Credit Analyst – Hedge Fund – FI’s will include:
- Discussion of the dynamics and nature of the Client's Funds portfolio, including key risk aspects;
- Assessment of the Client's competitive positioning within the industry;
- Discussion of management strength, experience and track record and corporate governance more broadly;
- Articulation of the Client's strategy and investment themes and an assessment of its fund's portfolio
- Utilize both qualitative and quantitative skills in analysing funds and be knowledgeable about a wide variety of capital markets products including FX, credit derivatives, interest rate swaps, as well as loan products.
- Interact with RMs/ARMs and clients directly to gather financial statements and other information/inputs for performing quality analysis and due diligence.
- Responsible for credit due diligence of Hedge Funds clients, including but not limited to assessing, managing and monitoring the credit risk and facilitating market access through the proposing and setting of credit limits.
- Evaluation of risks associated with particular proposed transactions, where required;
- Completion of Group Mandate/BCA Part 1, Part 2, financial analysis, scorecards;
- Ensure use of appropriate calculator in alignment with Credit Policy for relevant approvals (e.g. Raptor)
- Complete ESRA ( (where required);
- For Cat 2 lines, complete Cat 2 substantiation assessment and (where required);
- For client requiring Master Agreement documentation, preparation and submission of Credit Term Sheets;
- Documentation support on credit aspects and working with IMO on BCA reworks;
- Testing and Monitoring Covenants & Risk Triggers; EAR & ASTAR reporting/updates to credit;
- Seek pre-approval endorsements (where applicable);
- Preparing country specific regulatory check-lists (where applicable);
- Credit stress testing
- Ensure compliance of all internal and regulatory credit/other portfolio related policies, including aggregation/disaggregation with fund manager groups and sponsors.
- FICC / FIRC Certification, as appropriate.
- Support CA Team Leaders and others in the team on ad hoc projects, strategic initiatives and exercises aimed at improving or enhancing the team's activities and building out that core infrastructure that supports the Investors' strategy.
- Continually strive to share key relevant knowledge and learnings with others across the team
- In respect of Clients where the role-holder is assigned as analyst:
- Proactive monitoring of key fund or industry wide events and/or developments, as well as of covenants and risk triggers where applicable
- Partnering Relationship Managers in pursuing their client strategies through proactive idea generation, support in preparing materials for client discussion and through ensuring they are always fully briefed on key risk aspects
- Partnering Risk through clear presentation of credit analysis and proposed credit grading, as well as through proactive and considered discussion of key risk aspects
- Accompanying Relationship Managers on calls, client visits, as part of general due diligence in respect of credit analysis
- Acting as a broader point of expertise in respect of credit aspects
The successful Credit Analyst – Hedge Fund – FI’s will have:
- Minimum 18m -2yrs experience in credit analysis, ideally in financial institutions and especially with exposure to Hedge Funds on-boarding
- Basic understanding of Fund types, legal structures, industry standards and general on-boarding dynamics in this specialist client space is preferred.
- Experience in client engagement, both internally and externally. Includes working with senior management, legal teams, external counsel and product partners.
- Strong analytical ability, focused on the assessment and calibration of credit risk
- Graduates / Graduate calibre
- Sound knowledge of accounting, financial principles and derivatives gained by experience or qualification
- MBA or CFA qualifications advantageous, but not required