Counterparty Credit Risk Officer, VP

SGS Société Générale de Surveillance SA; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global financial institution in the UK is seeking an experienced professional to manage hedge fund due diligence and credit risk assessments. The role requires independent analysis, negotiation skills, and the ability to work collaboratively across teams. Strong knowledge of the hedge fund industry and excellent communication skills are essential. The company promotes a supportive work culture and values open-mindedness, dedication, and community. Candidates who thrive in innovative environments will enjoy a rewarding career.

Benefits

Supportive team environment

Opportunities for professional growth

Qualifications

• Good knowledge of hedge funds and mutual fund counterparty credit risk best practices.
• Strong collaboration skills with diverse teams.
• Ability to absorb complex information and provide a synthetic view.

Responsibilities

• Perform independent LOD2 hedge fund due diligence on a portfolio of funds.
• Enforce processes to mitigate losses from counterparty defaults.
• Approve credit files, transactions, and risk limits.

Skills

Knowledge of hedge fund industry in Europe

Knowledge of counterparty credit risk best practices

Advanced abilities in Excel, PowerPoint and Word

Excellent verbal and written communication skills

Strong analytical and problem-solving skills

Tools

VBA

Power BI

Tableau

Job description

Responsibilities

The Key responsibilities in the position will include:

• Assessment – Performing independent LOD2 hedge fund due diligence on a portfolio of funds assigned, including the review of relevant documentation, analysing investment and operational risks, performing background checks, arranging and attending on‑site due diligence meetings and drafting well‑written, cogent, due diligence documents. Opining on individual counterparty transactions and associated risks.
• Mitigation – Enforcing processes and procedures designed to mitigate against losses in the event that a counterparty defaults, including negotiating credit terms of legal documents (e.g. ISDA CSA, GMRA, FIA and PB agreements) and negotiating and opining on Independent Amounts and margin requirements.
• Approval – Approving relevant credit files, limit requests, transactions and credit ratings within the incumbent’s own delegation (as applicable). Providing recommendations and facilitating the approval of files requiring escalation to senior management.
• Monitoring – Maintaining up to date risk information and the ongoing monitoring of hedge fund performance and credit worthiness. Independent and continuous monitoring and managing risk exposures across multiple metrics in accordance with defined risk appetite. LOD2 follow‑up on limit and policy breaches.
• Transversal – The incumbent will also contribute to/manage/co‑ordinate relevant projects, as assigned, supporting the RISQ RMA HPC key goals and roadmap.
• Building and sustaining strong relationships across the organization – Manage information vertically and laterally with senior staff and team members, both within and outside of RISQ/GBR, to drive topics and ensure the efficient and effective implementation of HPC’s key roles and responsibilities.
• Provide support, mentoring and share knowledge with more junior team members.
• Support and challenge LOD1 requests to ensure they addressed appropriately and ensure that the prudent level of risk appetite set by senior management is kept in force to protect the Bank’s capital.
• Regulatory topics – Contributing to relevant regulator meetings, answering questions and information requests (e.g. Dear CRO/CEO letters) and contributing to the closure of any related framework upgrades.

Profile required

Technical Skills

• Good knowledge of hedge fund industry in Europe.
• Strong knowledge of hedge funds and mutual fund counterparty credit risk best practices.
• Knowledge of OTC and listed derivative products and drivers of associated risks.
• Knowledge of fund of hedge funds financing transaction structures would be advantageous.
• Knowledge of proprietary trading groups (PTG) and their associated trading strategies would be advantageous.
• Good knowledge of key regulatory (PRA, FCA, ECB) CCR expectations and requirements would be beneficial.
• Advanced abilities in Excel, PowerPoint and Word. VBA, Power BI / Tableau, etc would be beneficial.

Soft Skills

• Independent: can challenge status quo or different opinions when needed.
• Fast learner: eager to grow, learn / continue building knowledge.
• Excellent verbal and written communication skills.
• Team Spirit: contribute to a positive and versatile team environment, build constructive relationships with people from diverse backgrounds.
• Strong collaboration skills: capacity to engage with people with different backgrounds (LOD1 and LOD2, in the UK and at outside of the UK). Flexible and adaptable.
• Strong analytical and problem‑solving skills: attention to details and rigor; ability to absorb a lot of information over short periods of time; capacity to understand complex situations and provide a synthetic view. All while working within tight deadlines.

Why join us

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.

Business insight

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender identity.