Credit Analyst, Asset Managers- Corporate & Investment Banking
New York, United States of America
The position requires the following skills:
Perform credit analysis of new and existing hedge funds and asset managers/traditional funds (including: credentials, strategy, track record, leverage, investor base, liquidity, risk management, portfolio valuation, internal controls, service providers, transparency and regulation).
Review the fund documentation (including: Prospectuses, Offering Memos, Investment Management Agreements, Investment Guidelines, Trust Agreements, Financial Statements, etc.
) in order to evaluate investment objectives and strategies and determine credit worthiness of the underlying funds.
Assist in negotiations of legal trading contracts, such as: ISDA/CSA, MRA, CDEA and other documentation.
Provide recommendation for transactions approvals, determine initial margin requirements and haircuts on capital markets products (including: interest rate swaps, repos, foreign exchange).
Participate in credit due diligence conference calls and on-site meetings.
Monitor monthly performance and NAV trends in order to identify funds that breach ISDA triggers and hedge funds/investment managers that face challenges with performance and redemptions.
Liaise with middle office, documentation group and collateral management to ensure that trades are booked and documented correctly and that collateral is taken where appropriate.
Develop, maintain and manage internal relationships with business partners (including: marketers, negotiators, collateral management, on-boarding team and legal).
Monitor investment industry fundamentals and apprise management of significant events that may have an adverse effect on a credit quality of assigned portfolios.
This is an excellent opportunity to participate in this fast growing sector, work on transactions encompassing a number of different clients and products, build product skills and cross-train with other areas of the Credit Risk Management team.
Additional requirements:
Bachelor’s degree in Finance or Accounting
Good communication skills, both written and verbal
0-2 years of banking/credit analysis experience - ideally covering asset managers/hedge funds
Working knowledge of capital markets products
Some additional characteristics:
Willingness to learn
Strong work ethics
Proactive approach, initiative and resourcefulness
Positive attitude, drive and dedication
Entrepreneurial spirit and attention to detail
Team player
Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams.
We actively encourage everyone to apply.
Santander is an equal opportunity employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking.
Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown.
Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights: Employer Rights: This job description does not list all of the job duties of the job.
You may be asked by your supervisors or managers to perform other duties.
You may be evaluated in part based upon your performance of the tasks listed in this job description.
The employer has the right to revise this job description at any time.
This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
For NYC Job Applicants: The base annual salary range for this position is $81,090-$115,000.
The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Bachelor of Science (BS) English
Primary Location: New York, NY, Madison Ave Corp
Other Locations: New York-New York
Organization: Banco Santander S.
A.