SVP, Hedge Fund Credit Risk Manager

About the role

DBS is looking for an experienced Hedge Fund Credit Risk Manager to join its Risk Management Group in Singapore, reporting to the Head of Hedge Funds & Institutional Equities Credit Risk. The role sits within the Global Financial Markets Credit Risk team and covers the assessment, monitoring and management of credit exposures to hedge fund and high-frequency trading (HFT) counterparties, including derivatives, prime brokerage, securities financing transactions and cash trading. It is a senior individual contributor who leads complex credit assessments, challenges front-office proposals, represents Credit Risk in committees, leads risk projects and mentors juniors.

Key responsibilities

• Credit assessment and underwriting: analyse hedge fund and HFT counterparties, their strategies, leverage, liquidity and financials, and approve or recommend credit memos and risk limits.
• Limit setting and exposure management: set and monitor credit limits across OTC derivatives, prime brokerage, repo, securities lending, margin lending, FX and clearing, and oversee limit breaches and margin/collateral adequacy.
• Transaction approval and risk mitigation: advise on complex deals, set portfolio independent amounts and haircuts, and use VaR, stress testing and conduct stress tests to flag wrong-way risk and concentration risks.
• Stress testing and documentation: design stress tests and scenario analyses, contribute to model calibration, and review ISDA, CSA, GMRA, GMSLA and prime brokerage documentation.
• Onboarding and annual reviews: assess new counterparties, run annual reviews, monitor covenants and recommend limit reductions or exits where needed.
• Committee representation and compliance: present to Credit, New Product and Counterparty Risk Committees, ensure Basel III/IV, SA-CCR, EMIR/CFTC and MAS requirements are met, and support audits and regulatory examinations.
• Mentor junior colleagues and share expertise on hedge fund strategies, HFT business models and market microstructure.

Required profile

• 8-12+ years of counterparty credit risk experience, focused on hedge funds, non-bank financial institutions, prime brokerage or trading counterparties in a global bank, investment bank or major financial institution.
• Bachelor's or Master's degree in Finance, Economics, Quantitative Finance, Mathematics, Financial Engineering or a related field.
• CFA, FRM or CAIA highly desirable.

Required skills

• Risk quantification: PFE, EPE, EEPE, SA-CCR, internal model approaches, CVA, VaR, options Greeks, Monte Carlo concepts.
• Financial analysis of hedge fund statements, NAV reports and Form ADV/PF filings.
• Margining and collateral: initial margin, variation margin, SIMM, CSA terms, uncleared margin rules.
• Tools: Murex, Bloomberg, Excel and PowerPoint; Python or VBA a plus.
• Knowledge of ISDA, CSA, GMRA, GMSLA and prime brokerage documentation.