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Vice President - Credit Risk Officer (Hedge Funds and Private Equity Funds)

New York, NY

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Vice President - Credit Risk Officer (Hedge Funds and Private Equity Funds)

New York, NY

Apply for job

Date live: Jun. 06, 2024

Business Area: COO & Functions

Area of Expertise: Risk and Quantitative Analytics

Reference Code: 90379977

Contract: Permanent

Salary / Rate USD 150000 to 196000

Vice President - Credit Risk Officer (Hedge Funds and Private Equity Funds) 
New York, NY

As a Barclays Vice President - Credit Risk Officer (Hedge Funds and Private Equity Funds), you will be part of a beacon of innovation and financial stewardship. In this pivotal role, you'll be responsible for navigating the intricate world of hedge funds and private equity funds, shaping the future of finance with every decision. Your expertise will guide risk assessments, trade approvals, and the structuring of deals that safeguard our legacy and our clients' futures.

Salary / Rate Minimum: $150,000.00
Salary / Rate Maximum: $196,000.00

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, established in 1690, with a legacy of success, quality, and innovation. 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?

•    Conducting due diligence and writing credit papers for new clients and annual reviews 
•    Maintaining integrity of credit risk function whilst ensuring that the team continues to fully assist Front Office relationship and sales staff
•    Identifying sector or client difficulties, providing direct 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 resolve excesses
•    Ensuring approvals are within the defined Limits and Mandate and Scale set for the sector
•    Performing counterparty/borrower due diligence, including participation in meetings with client senior management, Relationship Executives, and Sales personnel  

What we’re looking for:

•    Bachelor’s Degree (BA/BS) in Finance or related field
•    Firsthand experience managing a credit risk portfolios of Hedge Fund counterparties 
•    Extensive experience performing credit due diligence
•    Working knowledge of risk metrics including VaR, PFE and stress testing

Skills that will help you in the role:

•    Possess a high degree of self-motivation, the ability to drive for results, and record of setting and achieving goals and meeting schedules
•    Knowledge of ISDA and other relevant master agreement documentation and credit terms
•    Attention to detail, ability to provide big picture decision making, and ability to mentor junior staff
•    Product knowledge across several derivative and financing products

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 center and state-of-the-art LED signage on the facade of the building.

#LI-Hybrid

More about working at Barclays

Barclays offers corporate and investment banking and credit card services in the US. Our 10,000 US colleagues are located in offices across the country, with headquarters in New York City, a world-class campus in Whippany, New Jersey hosting our Technology and Functional Teams, and sites in Nevada and Delaware supporting our contact center operations.

We're committed to providing a supportive and simplified experience for our candidates throughout the application and assessment process. Here, you will find information about what to expect and some guidance around your assessment and interview.

While the application process depends on the role, there are some constant steps, which are;

Step 1 - Your application
Step 2 - Your assessment
Step 3 - Your interview
Step 4 - Next steps

We aim to create an inclusive work environment where everyone can reach their full potential. If you require any adjustments to our recruitment process, please click here to learn more.

Find out more information here.

Barclays offers a diverse, inclusive and engaged culture. A place where people can bring their whole selves to work and be respected for who they are, valued for what they do and celebrated for their contribution to our business and our community.

We are an equal opportunity employer and opposed to discrimination on any grounds. It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, colour, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

We’re committed to providing a supportive and inclusive culture and environment for you to work in. This environment recognises and supports ways to balance your personal needs, alongside the professional needs of our business. Providing the opportunity for all our employees, globally to work flexibly empowers each of us to work in a way that suits our lives as well as enabling us to better service our customers’ and clients’ needs. Whether you have family commitments or you’re a Carer, or whether you need study time or wish to pursue personal interests, our approach to working flexibly is designed to help you balance your life. If you would like some flexibility then please discuss this with the hiring manager.

The Barclays Way

This is the spirit of Barclays. It’s why we exist, what we believe and how we behave. But most importantly, it’s how we make decisions, take action and get things done.

Learn more

Purpose

Working together for a better financial future.

Values

We believe great talent RISES. It acts with Respect, Integrity, Service, Excellence and Stewardship.

Mindset

We discover our full potential through our desire to Empower, Challenge and Drive each other.

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