Director - Global Counterparty Credit - Hedge Funds

TD Bank Group

New York (NY)

On-site

USD 225,000 - 275,000

Full time

2 days ago

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Job summary

TD Bank Financial Group is seeking a Director - Global Market Credit in New York to lead credit analysis for hedge fund counterparties in capital markets. You will evaluate trading, derivative, and financing transactions within risk appetite and develop credit solutions with stakeholders.

The role requires 10+ years of relevant experience, an undergraduate degree in Business/Finance, and strong Excel modeling. Domestic and occasional international travel are expected.

Qualifications

Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
10+ years of relevant industry experience.
Experience with Prime Brokerage underwriting and equity derivatives products is required.
Experience with ISDAs, MCAs, GMRAs, MRAs and PBAs.
Strong Excel and modeling skills.

Responsibilities

Manage a portfolio of hedge fund counterparties active in capital markets products.
Conduct market, industry, and counterparty due diligence as part of credit assessment.
Review counterparty credit submissions and recommendations within risk policies.
Oversee ongoing performance and ensure risk ratings remain accurate.
Lead and develop team members and participate in audits and regulatory exams.

Skills

Prime Brokerage

Equity derivatives

Financial modeling

Excel

Education

Undergraduate degree in Business/Finance/Math

Job description

Work Location : New York, New York, United States of America

Hours : 40

Line of Business : Personal & Commercial Banking

Pay Detail : $250,000 - $250,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description

Global Markets Credit provides best-of-class service to business partners in TD Bank Financial Group, including TD Securities. Global Markets Credit is a dynamic team responsible for the new business due diligence and ongoing monitoring of counterparties across the Financial Institutions, Non-bank Financial Institution and Funds sectors. Global Markets Credit contributes to the Group's strong risk culture by identifying, assessing, and mitigating counterparty credit risks.

The Director - Global Market Credit is a senior member of a team of credit analysts that evaluate and facilitate the credit requirements for TD Securities' Global Markets businesses within the Groups' risk appetite and strategies. The Director works closely with key stakeholders, including Global Markets business lines, Relationship Managers, Global Markets Documentation, Credit Risk Management/Risk Management and Market Risk Control in assessing trading, derivative, and financing transactions.

Depth & Scope

Responsible for the prudent management of a portfolio of hedge fund counterparties that are active users of capital markets products, including derivatives (foreign exchange, interest rate, equity derivatives); financing products (securities borrowing and lending and repurchase transactions) and margin financing via prime brokerage. This may also include a portfolio of fund financing lending activities and related structures.
Conduct market, industry, and counterparty due diligence as part of comprehensive credit assessment.
Review counterparty credit submissions and recommendations to ensure requests are within the business line strategies, credit risk polices and with appropriate risk ratings.
Oversee and monitor the ongoing performance of counterparties to ensure compliance with all terms and conditions of the credit authorization, and to ensure that the risk ratings for the assigned counterparty remain accurate.
Review credit terms included in relevant trading and/or lending agreements to ensure appropriate risk mitigating terms are incorporated as required per trading/lending product policies.
Interact with Global Markets business lines, Credit Risk Management/Risk Management, Global Markets Documentation, Legal, Compliance and Operations to structure transactions to mitigate counterparty and various other risks as applicable.
Engage in active discussion with Global Markets business lines and Credit Risk Management / Risk Management on credit and policy requests, strategy, and active risk issues.
Act in a leadership capacity for Global Markets Credit by participating in market and credit risk related forums, business initiatives and working groups.
Develop and train team members, and foster a collaborative team environment.
Participate in regulatory and internal audit exams of the Global Markets Credit function.
Keep apprised of industry trends through participation in industry forums and conferences.

Education & Experience

Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
10+ years of relevant industry experience
Experience with Prime Brokerage underwriting and equity derivatives products is required.
Experience with legal agreements including ISDAs, MCAs, GMRAs, MRAs and PBAs.
Strong Excel and modeling skills

Physical Requirements