VP, Hedge Fund Credit Officer

The Vice President, Hedge Fund Credit Risk supports the risk oversight of hedge fund clients within a prime brokerage platform. The role focuses on counterparty credit assessment, exposure monitoring, margin and liquidity risk, and ongoing portfolio surveillance across complex trading and financing activities.

Client Details

Large bank based in Midtown.

Description

• Perform credit analysis and ongoing risk assessment of hedge fund counterparties across prime brokerage products.
• Evaluate fund structures, strategies, leverage, liquidity profiles and risk concentrations.
• Approve and monitor credit limits, margin requirements and financing terms in line with risk appetite.
• Review fund performance, NAV movements, drawdowns and stress scenarios to identify emerging risks.

• Oversee credit risk related to margin lending, securities financing, derivatives and synthetic prime brokerage.
• Monitor counterparty exposures, collateral coverage and margin sufficiency under normal and stressed conditions.
• Partner with front office to support new client onboarding, product expansion and structuring discussions.
• Assess impact of market volatility on hedge fund portfolios and financing arrangements.

• Conduct ongoing portfolio surveillance, including limit utilisation, concentration risk and wrong‑way risk.
• Escalate credit concerns and recommend risk mitigation actions, including margin calls or exposure reductions.
• Prepare credit memos, risk assessments and materials for senior risk committees.
• Ensure adherence to internal risk frameworks, policies and regulatory expectations.

• Act as a key risk partner to Prime Brokerage, Sales, Trading, Operations and Legal teams.
• Provide clear, actionable risk guidance while supporting commercial objectives.
• Contribute to process enhancements, risk analytics improvements and control initiatives.

Profile

• Bachelor's degree in Finance, Economics, Mathematics or a related discipline.
• Typically 8-12+ years of experience in credit risk, counterparty risk or prime brokerage risk.
• Strong understanding of hedge fund strategies, leverage, derivatives and securities financing.
• Proven experience assessing margining, collateral and exposure management.
• Excellent analytical, judgement and problem‑solving skills.
• Strong communication skills with the ability to challenge constructively and influence senior stakeholders.
• Experience working in fast‑paced, market‑driven environments.

Job Offer

• $150,000 - $200,000 base salary.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.