The Hedge Fund Credit Analyst will support both the agency (prime and clearing) and principal (OTC derivatives and solutions) sides of the business in their daily activities with hedge funds.
The key purpose of the role is to enhance our hedge fund analysis in order to accommodate an increasing amount of business with hedge fund counterparties while safeguarding adequate protections for SG and upholding the Bank's global and local risk appetites.
The analyst would be part of the US offices of a global hedge fund team responsible for covering global hedge fund, fund of fund, and central counterparty credit risk.
Key Responsibilities Include:
Assessment - Performing hedge fund due diligence on a portfolio of funds assigned to the analyst, including the review of relevant documentation, analyzing investment and operational risks, performing background checks, arranging and attending on-site due diligence meetings and drafting well-written, cogent, due diligence reports.
Assist in opining on transactions and associated risks.
Mitigation - Enforcing procedures designed to mitigate against losses in the event that a hedge fund defaults including: assigning appropriate credit limits, assisting in negotiating terms of legal documents (eg ISDA ATEs), negotiating and opining on Independent Amounts.
Monitoring - Maintaining up to date risk information and the ongoing monitoring of hedge fund performance and credit worthiness. Managing credit exposures in accordance with defined risk appetite. Following up on credit limit and policy breaches.
Projects - work on ad hoc and periodic projects around methodologies and tools, including rating models and procedures applied by the team
Comply with all Risk and regulatory obligations where relevant
Responsibility to act within agreed risk limit (credit/market, delegations etc...)
Responsibility for ensuring that you are fully aware of and adhere to internal Policies that relate to you, your business or other businesses for which you have any level of responsibility.
Responsibility for reading, understanding and complying with the Company's Conduct and Standards and corresponding regulations. You will be notified of changes to policies in a timely manner through announcements and/or intranet updates.
The analyst will have responsibility for the setting of credit limits and the approval of certain types of trades within delegated credit approval authority (depending upon experience).
In addition, the independent opinions of the analyst will be accounted for in a wide array of difficult, complex, hedge fund risk issues.
Prior Work Experience:
Preferably experience in hedge fund credit or investment risk
Experience reading and understanding detailed covenants and clauses in legal documentation such as ISDAs, GMRAs, term sheets, prospectuses etc
Bachelor's degree in applicable field
Risk Management Employees should understand the institution's approach to risk management and their respective roles in supporting a strong risk culture, as outlined in the SGUS Operations Enterprise Risk Management Framework.
Our Culture At Société Générale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Société Générale is committed to strengthening bonds with colleagues, communities and the world in which we live, because relationships are at the heart of how we operate
Independent from the Business Lines, the Risk Management (RISQ) Division's mission is to effective challenge and contribute to the development of the SG Group's activity by facilitating the objectives of the Business Lines while maintaining independent oversight through risk evaluation and monitoring. The RISQ Division in the US supports all the activities in the Americas Region (US, Canada and Latin America), which is almost exclusively corporate and investment banking (GBIS) oriented.
The Global Hedge Fund, Prime and Clearinghouses Risk Group provides risk control services for hedge fund counterparties and investments, fund of fund counterparties and investments, and central counterparties risk management. In particular, it performs risk assessment, mitigation, approval, and monitoring processes for the Core Businesses at SG that transact with, clear for or invest in hedge funds, take collateral consisting of hedge fund shares, and central counterparties. The risk types that are within HPC's remit are credit, liquidity impairment and reputation risk resulting in credit losses.
Whilst RISQ/RMA/HPC is a service provider, its client is SG and by extension SG's shareholders. As such, (like all departments within the RISQ Division) it adheres to the philosophy of complete independence from commercial activities. In particular, it is a control function, not a support function to the business.
All our positions are open to people with disabilities
Job code: 19000N5X Business unit: SG CIB Starting date: Immediate Date of publication: 08/08/2019
Internal Number: 6279081
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