Private Equity Credit Officer

Job Description

Purpose of the role

To assess and approve/decline credit applications based on established credit policies, risk appetite, and regulatory requirement and analysing financial information, evaluating creditworthiness, and recommending credit terms and conditions to ensure responsible lending practices.

Accountabilities

• Analysis of lending applications, financial statements, credit reports, and other relevant documents to assess the borrower's creditworthiness and repayment capacity.
• Monitoring the performance of approved lending , identifying potential risks and early warning signs of delinquency.
• Evaluation of the risk profile of each application considering factors like industry trends, borrower financials, collateral, and market conditions.
• Provision of independent credit decisions on lending applications, adhering to established credit policies, risk parameters, and regulatory requirements.
• Development and implementation of appropriate course of action for troubled lending , including workout plans, restructuring, or collections.

Vice President Expectations

• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join us at Barclays as Private Equity Credit Officer - Funds where you will be part of a beacon of innovation and financial stewardship. In this pivotal role, you’ll be responsible for navigating the intricate world of hedge funds and private equity funds, shaping the future of finance with every decision. Your expertise will guide risk assessments, trade approvals, and the structuring of deals that safeguard our legacy and client’s futures.

To be successful as a Private Equity Credit Officer - Funds, you should have experience with:

• Directly managing a credit risk portfolio focused on private equity
• Conducting initial credit due diligence and writing credit papers for new Private Equity clients by completely understanding the investment process and strategy, risk management approach and products traded including approving the appropriate credit limits
• Maintaining ongoing client and stakeholders dialogue, managing portfolio risk and exposures, and preparing annual credit reviews
• Maintaining integrity of credit risk function whilst ensuring that the team continues to fully assist Front Office relationship and sales staff
• Identifying sector or client difficulties, providing direct support to the team to ensure that appropriate action is taken to mitigate credit risk
• Requesting increases/ changes in limits following Credit approval
• Maintaining data integrity of appropriate Credit Risk systems (e.g. GCIS), ensuring they reflect the approved sanctions and are in complaint with risk policies and regulations
• Approving utilization of sanctioned limits within discretion and resolving limit excesses
• Ensuring approvals are within the defined Limits and Mandate & Scale set for the sector
• Performing counterparty/borrower due diligence, including participation in meetings with client senior management, Relationship Executives, and Sales personnel
• Keeping up to date with market developments affecting the private equity sector for example regulatory updates, market trends and industry specific risk that affect the investments

Some other highly valued skills may include:

• Thorough understanding of legal documentation, primarily ISDA and GMRA agreements, with expertise in identifying and utilizing key risk mitigation clauses essential for effective risk management
• Proficient understanding of risk metrics, including Value at Risk (VaR), Potential Future Exposure(PFE), and stress testing
• Ample verbal and written communication skills to articulate risk assessments and strategies clearly to stakeholders
• Product knowledge across several derivative and financing products also familiarity with performance metrics used in private equity

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills

This role is located in New York, New York

Minimum Salary: $165,000

Maximum Salary: $225,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available.