Hedge Fund Credit Risk Analyst, Global Markets

BMO Harris Bank; New York (NY); On-site; USD 95,000 - 110,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Harris Bank seeks a Credit Risk and Financial Analysis professional in New York to research hedge fund and asset manager data, prepare credit applications, and monitor exposures. The role supports Account Managers and works across Legal, Risk, and Global Markets functions.

The candidate should have 0–2 years in credit/markets, strong Excel skills, and familiarity with Bloomberg. Compensation aligns with market ranges for the region.

Qualifications

• Undergraduate/MBA degree in finance, economics, or accounting with outstanding academic achievement.
• 0-2 years of relevant experience; internship experience in credit, markets, or hedge fund/asset management is a strong plus.
• Strong oral, written, and interpersonal skills, with the ability to collaborate effectively in a high-performing team environment.
• Excellent analytical and problem-solving skills in business, finance, and credit.
• Self-starter with strong attention to detail, able to manage multiple clients and tasks in an organized, timely manner under limited supervision.
• Proficiency with MS Excel is required; experience with Bloomberg is an asset. Use of AI tools (e.g., Copilot) to support research, analysis, and reporting is required as part of the team's workflow; familiarity with automation tools such as Python or VBA is a plus.
• Knowledge of capital markets, global markets products, and the hedge fund industry is an asset; familiarity with risk metrics (e.g., VaR, DV01) and trading/credit documentation (e.g., ISDA, GMRA) is a plus.
• Prior exposure to credit analysis is preferred.

Responsibilities

• Research and analyze financial and operating information relating to Hedge Funds and other asset managers.
• Prepare concise, accurate and well-reasoned written credit applications for both new and existing transactions for presentation to Credit; process the applications through BMO's lending systems.
• Assess financial soundness of counterparties including hedge fund strategy, asset allocation, leverage levels, and access to liquidity and margin, among other fund characteristics.
• Complete internal risk ratings for Hedge Fund counterparties.
• Coordinate and track monthly credit activities, including annual reviews, interim reviews, new deals, and monthly trigger/covenant monitoring.
• Support credit analysis across a range of financing products, including but not limited to repo, securities-based lending (SBL), total return swaps (TRS), and Prime Brokerage, and derivatives trading products, developing a strong foundation in hedge fund financing structures.
• Support Account Managers in managing a diverse portfolio of Hedge Fund accounts. This includes:
• Preparing written credit reviews as noted above
• Participate in credit due diligence meetings / calls
• Continuous monitoring of limits and exposures as well as operating performance
• Monitoring Hedge Fund industry and regulatory updates
• Other portfolio management activities as required
• Provide analytical findings to Account Managers including input on credit risks and related mitigants.
• Expert knowledge of Bank policies and standards to ensure portfolio adheres to BMO's policies and procedures.
• Support the review and coordination of trading and credit documentation (e.g., ISDA, GMRA) in partnership with Legal.
• Contribute to ad hoc credit activities related to the Hedge Funds portfolio.
• Support Global Markets areas on portfolio management needs and growth initiatives of the business.
• Partner with Sales, Trading, Credit Risk, Market Risk, Collateral Management, Legal, Client On-Boarding and AML/KYC in support of credit activities for the Hedge Funds portfolio.

Skills

Analytical skills

Credit analysis

Interpersonal skills

Excel proficiency

Bloomberg experience

Python/VBA basics

Education

Undergraduate/MBA in finance/economics/accounting

Tools

Bloomberg

Python

VBA

Job description

BMO Harris Bank seeks a Credit Risk and Financial Analysis professional in New York to research hedge fund and asset manager data, prepare credit applications, and monitor exposures. The role supports Account Managers and works across Legal, Risk, and Global Markets functions.

The candidate should have 0–2 years in credit/markets, strong Excel skills, and familiarity with Bloomberg. Compensation aligns with market ranges for the region.