Job Description:

Job Title: Senior Credit Risk Officer

Location: London

Corporate Title: Vice President

The role entails providing expert credit analysis and comprehensive risk management oversight for hedge fund clients. Key responsibilities include:

• Conducting detailed counterparty due diligence
• Assessing investment strategies and risk management frameworks
• Determining risk appetite
• Establishing appropriate credit, financing, and derivatives limits
• Assigning and approving internal credit ratings
• Reviewing trading and financing transactions
• Assessing the adequacy of collateral and legal protections

The Credit Officer will be responsible for managing a portfolio of hedge fund counterparties across a broad range of investment strategies and products, including derivatives, financing transactions, and securities financing activities.

What we’ll offer you

A healthy, engaged, and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:

• Hybrid Working - We understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them.
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with the option to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• A range of flexible benefits including Retail Discounts, a Bike4Work scheme, and Gym benefits
• The opportunity to support a wide-ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Undertake initial credit due diligence for new hedge fund relationships, conducting meetings with portfolio managers, chief investment officers, chief risk officers, chief operating officers, chief financial officers, and investor relations personnel to assess investment strategy, risk management frameworks, operational infrastructure, valuation controls, liquidity management practices, and investor composition.
• Perform comprehensive credit assessments of hedge funds and fund management groups, analysing investment performance, portfolio composition, leverage utilisation, liquidity characteristics, valuation methodologies, financing arrangements, and operational risk controls.
• Determine and approve appropriate credit, financing, and derivatives limits based on an assessment of counterparty risk, portfolio characteristics, risk appetite, and transaction structure.
• Review and approve a broad range of client transactions, including OTC derivatives, foreign exchange products, securities financing transactions, repo, prime brokerage, and other capital markets activities, ensuring exposures remain within approved risk parameters. You will also exercise delegated credit authority and represent Credit Risk Management in credit committees, transaction approval discussions, and governance forums, providing independent challenge and risk recommendations to senior stakeholders.
• Play a leading role in the review and negotiation of ISDA Master Agreements, Credit Support Annexes, Global Master Repurchase Agreements, Prime Brokerage Agreements, and other trading documentation to ensure appropriate risk mitigation, collateral protection, and close-out rights. In addition, you will prepare annual credit reviews and periodic risk assessments covering performance trends, portfolio exposures, leverage, liquidity, investor concentration, organisational changes, and broader market developments impacting counterparties.
• Continuously monitor portfolio risk using internal risk systems and external data sources, reviewing utilisation, collateral positions, margin disputes, stress testing results, and emerging risk indicators.