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Associate, Credit Risk-Asset Managers & Hedge Funds

Apply Req ID: 2100321 Date posted 03/03/2021

Position Overview:

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.

Responsibilities:

  • 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).
  • Conduct 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.

At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We encourage everyone to apply.

  • Bachelor’s degree in Finance or Accounting
  • Good communication skills, both written and verbal
  • 5-9 years of banking/credit analysis experience covering asset managers/hedge funds
  • Working knowledge of capital markets products 
  • Strong work ethic
  • Proactive approach, initiative and resourcefulness
  • Positive attitude, drive and dedication
  • Entrepreneurial spirit and attention to detail
  • Team player
  • Willingness to learn

Primary Location: New York, New York, United States


Other Locations: New York-New York


Organization: Banco Santander SA

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