Senior VP, Global Counterparty Credit – Hedge Funds

TD; New York (NY); On-site; USD 180,000 - 220,000; Full time

Job summary

TD Securities is seeking a Vice President, Global Counterparty Credit (GCC) Hedge Funds in New York to evaluate and monitor hedge fund counterparties, structure credit terms, and manage risk across equities, fixed income and FX businesses.

The role requires hedge fund and derivative product experience, ISDA-based dealings, and strong Excel/modeling skills. It offers a senior leadership track within a global markets credit team and extensive cross-functional collaboration.

Qualifications

• Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
• 5-10 years a counterparty or credit risk function at a large Financial Institution covering hedge funds, private equity, and institutional family offices.
• Experience with Prime Brokerage underwriting and equity derivatives products is required.
• Experience with legal agreements including ISDAs, MCAs, GMRAs and PBAs.
• Strong Excel and modeling skills.

Responsibilities

• Responsible for the prudent management of a portfolio of hedge fund counterparties that are active users of capital markets products, including derivatives, financing products and margin financing via prime brokerage and synthetics.
• Evaluate transaction and counterparty risk to support growth of the Equities (Prime Brokerage, Stock borrowing/lending, OTC Derivatives), Fixed Income (Repo/Reverse Repo, Interest Rate Derivatives) and FX businesses.
• Provide well-reasoned assessments of risk/return profiles associated with transaction and client relationships.
• Oversee and monitor the ongoing performance of a portfolio of hedge fund counterparties to ensure compliance with all terms and conditions of the credit authorization and trading documents and ensure that counterparty risk ratings for the assigned portfolio remain accurate.
• Negotiate and structure credit terms contained in relevant trading and/or lending agreements to ensure appropriate risk mitigating terms are incorporated as required per trading/lending product policies.
• Develop working relationships and coordinate 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.
• Conduct market, industry, and counterparty due diligence as part of comprehensive credit assessment.
• Keep apprised of industry trends and derivative product developments through participation in industry forums and conferences.

Skills

Counterparty risk

Credit risk

Prime Brokerage underwriting

Equity derivatives

ISDA/MRA/PBA knowledge

Education

Bachelor's in Business/Finance or Math/Economics

Tools

Excel

Financial modeling

Job description

TD Securities is seeking a Vice President, Global Counterparty Credit (GCC) Hedge Funds in New York to evaluate and monitor hedge fund counterparties, structure credit terms, and manage risk across equities, fixed income and FX businesses.

The role requires hedge fund and derivative product experience, ISDA-based dealings, and strong Excel/modeling skills. It offers a senior leadership track within a global markets credit team and extensive cross-functional collaboration.