ROLE: Vice President– Private Equity/Debt and Structured Products – Head of Private Equity Credit Risk
Manage credit risk for a portfolio of Private Equity products by overseeing a portfolio and associated team whose primary responsibility is to conduct credit reviews, perform risk ratings, continuously monitor the portfolio, and provide ad-hoc analyses.
The Sector Head will also be required to lead strategic initiatives associated with a growing sector working closely with our Business partners within both Lending and Trading activities. The incumbent will oversee a team of Credit Officers and have broad responsibility for Sector Reviews as well as leading the input into Model development, Regulatory requests and in portfolio stress testing.
Support the business in new product/portfolio expansion initiatives
- Oversee and execute all associated portfolio strategic upgrades
- 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
- Propose and implement enhancements to the credit approval and risk management processes
- Establish and maintain procedure and working documents
- Undertake credit analysis on a portfolio of private equity/private debt funds 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
- 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
- REQUIREMENTS:
Education And Experience
- Preferred 7+ 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
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range
$130,000 - $205,000 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.
Job ID: R-775341
