Details of the Division and Team:
The Hedge Fund Senior Credit Officer will be responsible for managing Deutsche Bank’s counterparty credit risk to Asia Pacific hedge fund and private equity clients. He or she will have their own dedicated fund’s portfolio, spanning a broad range of investment strategies, and will be responsible for approving transactions, as well as reviewing and monitoring the counterparties on an ongoing basis. The ideal candidate will have extensive experience covering hedge fund clients and will be comfortable engaging directly with clients and senior business. The Credit Officer will be a self-starter, able to manage their own workload with minimal guidance, and able to train or develop more junior team members. The role will report into the European Head of CRM Hedge Funds based in London and will be part of a larger team. The team ultimately reports into the Global Head of CRM Funds, based in New York.
What we will offer you:
A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.
You can expect:
- Flexible benefits plan including virtual doctor consultation services
- Comprehensive leave benefits
- Gender Neutral Parental Leave
- Flexible working arrangements
- 25 days of annual paid leave, plus public holiday & Flexible Working Arrangement
Your key responsibilities:
- Undertake initial credit due diligence for new clients by way of meetings with relevant personnel at the fund manager to fully understand the investment process and strategy, risk management approach and products traded (the credit officer would be expected to run these meetings). The credit officer will then approve appropriate credit limits, margins, and documentation terms on the back of their risk assessment of the hedge funds based on information gathered at the meetings and the relevant constitutional documentation provided by the client.
- Review and approve day-to-day transaction requests and analysis of more bespoke structured transactions. This includes setting initial margin levels for trades received from sales teams across the Bank. Experience covering private equity funds will be considered a plus.
- Play a key role in the legal documentation process to ensure that appropriate credit covenants are included in legal agreements to allow Deutsche Bank to take action to close out portfolios and terminate trades in the event of a default or any credit deterioration (e.g. a sharp deterioration in performance).
- Ongoing dialogue and due diligence with clients and preparation of annual credit reviews, written reports which outline areas including the background of the fund management company, investment strategy of underlying funds, risk and liquidity management, and performance. This written report will highlight the key risks associated with each counterparty and outline the credit officer’s view of the group/funds.
- Manage the risk and exposures within their portfolio on an ongoing basis, using the various credit risk management and product monitoring systems within Deutsche Bank, including internal stress test information, exposure data and performance/portfolio data received on a regular basis from hedge funds. Keep up-to-date with market developments affecting the hedge fund sector, e.g. regulatory issues or weakness/stress in particular asset classes.
- Work with the bank’s Collateral Management team as required in order to resolve any margin/collateral issues.
Your skills and experience:
- Minimum 10 years relevant experience in managing hedge fund credit risk in a financial services industry.
- Minimum 8 years of relevant product knowledge to cover all major derivative instruments and Prime Brokerage products/services with a full understanding their respective risk characteristic, familiarity with underwriting structured lending transactions.
- Understanding of master trading documentation, particularly International Swaps and Derivatives Association (ISDA), Global Master Repo Agreements (GMRA), Futures and Options (F&O) and Prime Brokerage.
- Sound understanding and knowledge of the principal risk mitigating clauses employed across the industry.
- Knowledge of alternative funds sector which should include an understanding of a broad range of investment strategies and their associated risks.
- Prior experience in managing private equity credit risk.
- Proven knowledge of financial markets and hedge fund industry, with strong familiarity of key market participants and proven track record of managing a fund’s portfolio through period of market volatility.
- Degree level education or equivalent
- Proven experience in decision making in areas of explain the rationale behind credit decisions.
- A strong team player, capable of working alongside colleagues in an effort to achieve team goals.
- A self-starter, able to manage their own workload with minimal guidance from senior members of the team.
- Articulate and at ease when interacting with internal and external clients.
- Ability to calculate and quantify transaction risk.
Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply
How we’ll support you:
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
- Training and development to help you excel in your career
- Coaching and support from experts in your team
About us and our teams:
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Deutsche Bank & Diversity
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
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