Hedge Fund Analyst

Job description

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

Summary

· The role is for a hedge fund / PTG analyst within the Global Hedge Fund Risk Group who will support both MARK/NEW (Prime Clearing), OTC, and SOL teams in their daily activities with hedge funds and professional trading groups (“PTGs”).
· The key purpose of the role is to enhance our credit analysis in order to accommodate an increasing amount of business with hedge fund and PTG counterparties.
· There will also be a component of managing the risk of financing facilities for funds of funds and structured hedge fund-linked derivatives.
· This role requires a person with good experience in dealing with hedge fund and/ or PTG risk. In addition, the person should be mature and able to inspire junior analysts through example.

Main responsibilities

·  Assessment - Performing due diligence on a portfolio of hedge funds and PTGs assigned to the analyst, 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 reports.
· Assist in opining on transactions and associated risks.
·  Mitigation - Enforcing procedures designed to mitigate against losses in the event that a counterparty defaults including: assigning appropriate credit limits, assisting in negotiating terms of legal documents (eg ISDA ATEs), negotiating and opining on Independent Amounts, analysing and opining on pre-trade risk controls for DMA & SDMA clients.
·  Monitoring – Maintaining up to date risk information and the ongoing monitoring of hedge fund performance and credit worthiness. Managing credit exposures in accordance with defined risk appetite. Following up on credit limit and policy breaches.

Education

· Undergraduate degree from good university in finance, economics, business, or any technical field.
· Post Graduate degree helpful, but not necessary.

Past experience

· Strong preference for experience in hedge fund credit or investment risk
· Experience reading and understanding detailed covenants and clauses in legal documentation such as ISDAs, GMRAs, termsheets, prospectuses etc.
· Experience with market connectivity (electronic trading)

Languages

· Fluent English
· Other European language skills an advantage

Technical skills

· Good knowledge of hedge fund industry in Europe.
· Working knowledge of professional trading groups who are often algorithmic and high frequency traders in the listed futures and options market.
· Knowledge of Listed and OTC derivative products and drivers of associated risks.
· Good understanding of pre-trade limits and post trade risk controls is strongly preferred.
· Some knowledge of hedge fund structured products, including CPPI, leveraged facilities, and prepaid forward transactions would be advantageous.
· Good analytical/statistics skills; the person should understand means, standard deviations, correlation, normal distributions, sampling error, and basic performance statistics for the fund industry.
· Intermediate to advanced Excel, database, and Word skills highly desirable.
· Self-starter able to meet deadlines and work independently as well as contribute to HFR team goals when required.
· Good communication skills

Personal abilities

· Articulate orally and in written form.
· Be comfortable meeting with very experienced hedge fund managers and professional traders in person, be presentable, and be respectful.
· In addition to General Competencies

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 Societe Generale, 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 reassignment.