ROLE: Assistant Vice President– Private Equity and Private Debt Funds – Credit Officer
Manage credit risk for a portfolio of Private Equity/Private Debt by conducting credit reviews, performing risk ratings, continuous monitoring, and ad-hoc analyses. Maintain data, characteristics, and risk metrics for funds and counterparties in Risk and Dealing systems to ensure control and accurate exposure reporting.
MAJOR RESPONSIBILITIES:
* Undertake credit analysis on a portfolio of private equity/private debt funds utilizing strategies across multiple lending and trading products (including Revolving Credit Facilities, NAV Loans, FX, etc.) for State Street’s direct and custody clients.
* Perform/Review annual risk ratings, utilizing analytics and various metrics, within State Street’s Basel-compliant models.
* Review and analyze deal proposals presented by the business unit for PE Funds/Private Credit Funds.
* Participate in due diligence calls and review annual renewals of existing counterparties.
* Support relevant workstreams during the annual Comprehensive Capital Analysis and Review (CCAR) exercise.
* Provide monthly/quarterly reporting related to the portfolio for various committees.
* Ongoing monitoring and management of the credit quality of the client portfolio, identifying trends and recommending action when necessary.
* Develop and apply knowledge of risk metrics and characteristics that impact a fund’s relative risk (including strategy, performance, financials, investor base, and historical trends) and utilize in analysis, ratings, and reviews.
* Propose adjustments to limit sizes and tenors based on reasoned analysis together with business requirements and utilization history.
* Develop strong knowledge and act as a super user of State Street’s Risk systems and principal trading systems, particularly with respect to exposure methodologies, key risks, account and limit structuring, and reporting.
* Review and understand limit exceptions reports, investigate causes, propose remediation action, and resolve upon consensus and approval.
* Build knowledge of the content and structuring of legal documentation governing trading businesses.
* Propose and implement enhancements to the credit approval and risk management processes.
* Establish and maintain procedure and working documents.
* Establish a close working relationship with the Front Office Business Teams, as well as other internal groups, to ensure effective and efficient communication of all relevant matters.
* Support the business in new product/portfolio expansion initiatives.
REQUIREMENTS:
Education and Experience:
* Preferred 4+ years of counterparty credit risk management in a global financial institution, or related experience, with a broad knowledge of credit and capital market products; Bachelors in Business, Finance, or relevant field. MBA and/or CFA (or equivalent) beneficial but not required.
Skills/Knowledge:
These skills will help you succeed in this role:
* Critical thinking and analytical skills with the goal of identifying and managing key risks impacting the portfolio, including macroeconomic, market, and counterparty-specific risks.
* Ability to establish a close working relationship with the front office business unit and other teams across the organization.
* Strong verbal, written, and presentation skills.
* Self-motivated and able to work independently.
* Excellent time-management skills with the ability to prioritize competing demands.
* Knowledge of the various fund types and their associated risk profiles essential.
* Knowledge of lending and trading products credit products associated with the portfolios required.
* Excellent Excel skills and reporting capabilities.
* High level of credit analytical skill sets (qualitative and quantitative).
* Working knowledge of State Street’s credit rating and limit management systems, and credit policies, preferred.
* Ability to demonstrate persistence and see tasks through to their conclusion. Able to self-motivate, and thrive in a dynamic environment.
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