Vice President – Global Counterparty Credit – Hedge Funds at TD | NY, US | Rezi

Vice President – Global Counterparty Credit – Hedge Funds at TD

Vice President – Global Counterparty Credit – Hedge Funds

TD · NY, US

Yesterday

Vice President – Global Counterparty Credit – Hedge Funds

TD · NY, US

a day ago
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About the Role

The Vice President – GCC Hedge Funds is a member of a team of credit analysts that evaluate and facilitate the credit requirements for TD Securities' Global Markets Hedge Fund business within the Groups' risk appetite and strategies. The Vice President works closely with key stakeholders, including Global Markets business lines, Relationship Managers, Global Markets Documentation, Credit Risk Management/Risk Management and Market Risk Control in assessing trading, derivative, and financing transactions. Hedge Fund and derivative product experience is essential for a successful candidate.

Responsibilities

  • Responsible for the prudent management of a portfolio of hedge fund counterparties that are active users of capital markets products, including derivatives, financing products and margin financing via prime brokerage and synthetics.
  • Evaluate transaction and counterparty risk to support growth of the Equities (Prime Brokerage, Stock borrowing/lending, OTC Derivatives), Fixed Income (Repo/Reverse Repo, Interest Rate Derivatives) and FX businesses.
  • Provide well-reasoned assessments of risk/return profiles associated with transaction and client relationships.
  • Oversee and monitor the ongoing performance of a portfolio of hedge fund counterparties to ensure compliance with all terms and conditions of the credit authorization and trading documents and ensure that counterparty risk ratings for the assigned portfolio remain accurate.
  • Negotiate and structure credit terms contained in relevant trading and/or lending agreements to ensure appropriate risk mitigating terms are incorporated as required per trading/lending product policies.
  • Develop working relationships and coordinate with Global Markets business lines, Credit Risk Management/Risk Management, Global Markets Documentation, Legal, Compliance and Operations to structure transactions to mitigate counterparty and various other risks as applicable.
  • Conduct market, industry, and counterparty due diligence as part of comprehensive credit assessment.
  • Keep apprised of industry trends and derivative product developments through participation in industry forums and conferences.

Requirements

  • Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics.
  • 5-10 years a counterparty or credit risk function at a large Financial Institution covering hedge funds, private equity, and institutional family offices.
  • Experience with Prime Brokerage underwriting and equity derivatives products is required.
  • Experience with legal agreements including ISDAs, MCAs, GMRAs, MRAs and PBAs.
  • Strong Excel and modeling skills.

Skills

  • Hedge Fund and derivative product experience
  • Prime Brokerage underwriting
  • Equity derivatives products
  • Legal agreements including ISDAs, MCAs, GMRAs, MRAs and PBAs
  • Excel
  • Modeling

Location

  • New York, New York, United States of America

Work Type

  • Onsite

Experience Level

  • 5-10 years

Education Level

  • Undergraduate degree in Business (Accounting or Finance) or Mathematics/Economics

Salary/Compensations

  • $200,000 - $200,000 USD

Benefits

  • Health and well-being benefits
  • Savings and retirement programs
  • Paid time off (including Vacation PTO, Flex PTO, and Holiday PTO)
  • Banking benefits and discounts
  • Career development
  • Reward and recognition
  • Training and onboarding sessions

About the Company

  • TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience.
  • With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple.
  • Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions.
  • In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.
  • Together, we are reimagining what banking can be for our clients, colleagues and communities.

Equal Opportunity

  • TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
  • If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.