Senior Credit Manager, Funds Risk

Job Description

We are seeking an experienced Senior Credit Manager – Funds Risk to join our London-based team, leading credit risk coverage for Hedge Funds (HFs) and Real Money Funds (RMFs) across EMEA. This is a high-impact, client-facing role where you will partner closely with the business, Risk colleagues, and senior stakeholders to assess, challenge, and manage complex credit exposures. You will play a key role in safeguarding the organisation’s risk appetite while enabling sustainable growth across Financial Markets.

Working within a collaborative and high-performing environment, you will combine deep technical expertise with commercial judgement to influence risk decisions, enhance processes, and drive best-in-class risk management practices.

Key Responsibilities

• Lead end-to-end credit risk coverage for Hedge Funds and Real Money Funds across EMEA
• Conduct in-depth due diligence, underwriting, and onboarding of new fund clients
• Analyse fund strategies, underlying products, and drivers of performance and risk
• Monitor portfolio exposures, stress losses, and risk metrics (including NAV and performance trends)
• Review and approve credit proposals from the First Line of Defence within delegated authority
• Ensure adherence to Credit Risk Appetite and elevate material risks to senior management
• Partner with stakeholders across Front Office, Market Risk, Finance, Legal, and Compliance
• Contribute to risk governance forums, including stress testing and scenario analysis initiatives
• Support continuous improvement of underwriting quality, processes, and operational efficiency
• Maintain robust risk identification, measurement, and reporting standards in line with regulatory expectations
• Contribute to strategic initiatives and provide risk input into business planning and decision-making
• Foster a strong risk culture, ensuring transparency, independence, and integrity in risk/return decisions
• Collaborate globally on live transactions, portfolio management, and client coverage

Skills & Qualifications

• Proven experience in counterparty credit risk management covering Hedge Funds and/or Real Money Funds
• Strong expertise in due diligence, underwriting, onboarding, and ongoing risk monitoring
• Deep understanding of financial markets products and fund structures
• Experience with ISDA/CSA, GMRA and GMSLA documentation and negotiation
• Advanced analytical capability, with the ability to interpret complex data and identify key risk drivers
• Proficiency in financial analysis tools and risk management systems (advanced Excel skills expected)
• Solid understanding of regulatory frameworks related to credit and operational risk
• Strong stakeholder engagement skills, with confidence operating in a client-facing environment
• Ability to work independently in a lean team, while collaborating effectively across regions
• Proactive, adaptable mindset with the ability to manage multiple priorities
• Bachelor’s degree in Finance, Economics, Business, or a related discipline (Master’s degree preferred)
• Professional certifications such as CFA or FRM are highly desirable

Benefits

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies – everyone feels respected and can realise their full potential.

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