Associate - Group Risk Management, Wholesale Credit Risk - Funds

What is the opportunity?

Group Risk Management-Wholesale Credit Risk (GRM - WCR) group is responsible for assessing credit exposures of trading and lending activities for complex Capital Markets transactions; coverage is organized by geography and aligned by industry.

The GRM - WCR Funds team manages exposure to North American Investment Managers and Fund counterparties through effective analysis of credit risk, across various investment strategies. As Associate, you will serve as the Credit Officer, providing primary coverage for the Single Names to adjudicate borrower risk ratings and to evaluate proposed client strategies and credit requests, providing comprehensive transactional analysis and approval recommendations in a timely manner.

What will you do?

• As the second line of defense, work in partnership with various business partners (Global Credit, Sales/Trading desk, Counterparty Credit Risk, Market Risk, Operations, Document negotiators, etc.) throughout the transaction life cycle
• Work closely with the business on the risk aspects of any new transaction under consideration and provides direction and guidance as required to ensure the eventual deal structure adequately mitigates key risk concerns
• Review Single Name Strategies (Investment/Asset Managers) and Transaction Requests within agreed timelines, highlights exceptions to applicable policies and guidelines, and suggests enhancements
• Provide coverage for a portfolio of primarily Regulated Funds, but may include Hedge Funds, Private Equity Funds, REITs etc.
• Perform credit analysis on individual Fund counterparties in order to establish/adjudicate borrower risk ratings; includes approving Risk Assessments (RAFs) which typically encompasses industry, business and financial risks. Portfolio of accounts would be oriented towards trading facilities (FX, repo, derivatives, futures, prime brokerage, etc.)
• Maintain an up-to-date RAF approval schedule, and continuously reviews Borrower Risk Ratings ("BRR"s) on all assigned borrowers
• Assist in daily monitoring of borrower's business and fund performance through monitoring of industry and company information through due diligence conference calls, news releases, financial results, regulatory changes, third party analysis including rating agency publications, and other early warning signals
• Prepare recommendations for Single Name Strategies and Transaction Requests for signoff based on applicable delegated limit authority
• Provide technical, analytical and project support for other functions carried out, particularly in the areas of internal reporting requirements, process optimization and data management

What do you need to succeed?

Must-have

• Minimum 2 years of working experience in a Financial Institution or Asset Manager industry, preferably in credit risk
• Demonstrated research capabilities and an ability to apply an analytical approach
• Curiosity and keen interest in Investment Managers and Funds
• Ability to handle high volume and multitask in a fast-paced work environment
• Superior time management skills and attention to detail, with ability to perform well under pressure
• Strong interpersonal skills, with outstanding written and verbal communication skills

Nice-to-have

• Completed MBA or CFA (or has taken steps towards attaining a CFA designation)
• Knowledge of Asset Manager Industry and trading products preferred; some experience working with Asset Managers or in Funds-related capacity would be an asset
• Proficient in Excel, including VBA/Macro as a tool for financial analysis and process optimization involving large data sets
• Interest in pursuing a career in Risk Management

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
• Leaders who support your development through coaching opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work