Head of Credit Risk, Hedge Funds & Private Equity Funds

Title: Head of Credit Risk, Hedge Funds & Private Equity Funds

Office Status: Hybrid New York, NY

Base Salary: $220k $250k + Bonus

ABOUT THE ROLE

This Executive Director opportunity sits within the Counterparty Credit Risk function of a leading global financial institution, offering senior leadership of the Hedge Funds and Private Equity Funds credit risk team in New York. The role carries genuine team management responsibility overseeing a team of VPs, Associates, and Analysts while maintaining a hands-on credit mandate spanning OTC derivatives, securities financing, prime brokerage, loan agreements, and bespoke structured transactions. It's a step above the VP-level HF/PE credit role, requiring not just deep technical expertise in alternative investment credit risk but also proven team leadership, global stakeholder management, and the executive presence to represent the Americas portfolio at global risk committees. Candidates with 12+ years of HF/PE credit risk experience and demonstrated team management with delegated approval authority will be well positioned.

RESPONSIBILITIES

• Lead and manage a team of VPs, Associates, and Analysts within the Hedge Funds and Private Equity Funds Credit Risk team, providing day-to-day oversight, guidance, and professional development
• Review and approve credit memos, ratings, and limits under delegated authority;assess counterparty creditworthiness through comprehensive analysis of fund strategy, performance attribution, liquidity profile, leverage, and manager or sponsor strength
• Conduct due diligence visits and calls with HF and PE clients;analyze trading strategies, risk management frameworks, performance metrics, operational controls, and governance structures to produce high-quality credit assessments
• Collaborate with Front Office Risk and other risk functions to understand stress loss scenarios;perform ongoing monitoring including monthly and quarterly NAV reviews, performance attribution analysis, and proactive identification of deteriorating credit quality
• Review and approve trading activity, margin requirements, and structural enhancements to transactions;oversee daily trade approvals in coordination with other risk teams and establish appropriate margining requirements
• Define credit terms and covenants for legal documentation including Prime Brokerage agreements, ISDA/CSA, GMRA, and F&O;negotiate legal documentation while maintaining thorough understanding of associated covenants
• Maintain close communication with global HF and PE team leads;present comprehensive Americas portfolio risk summaries at global risk review calls and regional and global risk committees
• Establish and maintain constructive relationships with Front Office, Market Risk, Legal, Operations, Compliance, and Finance;oversee client engagement and credit standards in coordination with key firmwide stakeholders
• Support enhancement of specialized data analytics and portfolio monitoring tools;lead or participate in firmwide projects including credit policy development, system implementations, and regulatory initiatives