As a Barclays Hedge Fund Credit Officer Vice President, you will determine the risk appetite for specific hedge fund clients, making decisions quickly on trade approvals and requested margin levels. You will work to approve deal structures and credit sensitive terms in legal documents. Analysing various risk metrics including PFE, VaR, stress test results, sensitivities, and gross balances, will be part of your accountabilities.
The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.
Barclays is one of the world's largest and most respected financial institutions, with 329 years of success, quality, and innovation behind us. We've helped millions of individuals and businesses thrive, creating financial and digital solutions that the world now takes for granted. An important and growing presence in the USA, we offer careers providing endless opportunity.
At Barclays, we offer a hybrid working experience that blends the positives of working alongside colleagues at our onsite locations, together with working from home. We have a structured approach where colleagues work at an onsite location on fixed, 'anchor', days of the week, for a minimum of two days a week or more, as set by the business area (or nearest equivalent if working part-time hours). Please discuss the working pattern requirements for the role you are applying for with the hiring manager. Please note that as we continue to embed our hybrid working environment, we remain in a test and learn phase, which means that working arrangements may be subject to change on reasonable notice to ensure we meet the needs of our business.
What will you be doing?
??? Maintaining integrity of credit risk function whilst ensuring that the team continues to fully support Front Office relationship and sales staff ??? Conducting due diligence and write credit papers for new clients, annual reviews ??? Identifying difficulties or client specific difficulties, providing hands-on support to the team to ensure that appropriate action is taken to mitigate credit risk ??? Requesting increases/changes in limits following Credit approval ??? Maintaining data integrity of appropriate Credit Risk systems (e.g., GCIS) and ensuring they reflect the approved sanction ??? Approving utilization of sanctioned limits within discretion and resolving excesses ??? Supporting and ensuring that the approvals are within the defined Limits and Mandate and Scale set for the sector
What we're looking for:
??? Bachelor's Degree (BA/BS) ??? At least three years of experience performing credit due diligence
Skills that will help you in the role:
??? High degree of self-motivation, the ability to drive for results, and track record of setting and achieving goals and meeting schedules ??? Excellent analytical skills with attention to detail, ability to provide big picture decision making, and ability to mentor junior staff ??? Exceptional working knowledge of risk metrics including VaR, PFE and stress testing and product knowledge across derivative and financing products ??? Excellent social, verbal and written communication skills, and have the ability to clearly articulate complex concepts and ideas
Where will you be working?
You will be working at our Americas Headquarters at 745 Seventh Avenue. This 37-story office tower is located in Times Square in the heart of Manhattan and features a cafeteria, fitness centre and state-of-the-art LED signage on the facade of the building.