Associate, Credit Risk-Hedge Funds & Asset Managers

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Job description

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 in-depth 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. Ability to negotiate an ISDA/CSA, MRA, CDEA and other traded products 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 5 years of banking/credit analysis experience covering asset managers/hedge funds Expertise in credit analysis of asset managers Knowledge of traded products, investment strategies and financial markets Proficiency in trading documentation Ability to conduct due diligence meetings Good communication skills, both written and verbal Strong work ethics Proactive approach, initiative and resourcefulness Positive attitude, drive and dedication Entrepreneurial spirit Attention to detail Team player Primary Location:New York, New York, United StatesOther Locations:New York-New YorkOrganization:Banco Santander SAAN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO