Private Equity and Private Credit/CLO Credit Risk ...

ROLE : Assistant Vice President- Private Equity/Debt and Structured Products - Credit Officer Manage credit risk for a portfolio of Private Equity, Private Debt and Structured Products 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. 2. MAJOR RESPONSIBILITIES: Undertake credit analysis on a portfolio of private equity/private debt funds CLOs and private credit securitizations, utilizing strategies across multiple lending and trading products (including Revolving Credit Facilities, NAV Loans, FX and so forth) 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 analyse deal proposals presented by the business unit for PE Funds, CLOs, middle market/private credit securitizations, and stable value wrap contracts 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 3. 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 Salary Range: $90.000 - $142.500 Annual The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ. Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. State Street's Speak Up Line

Created: 2024-10-29