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ProShares — Bethesda, Maryland
About Us: ProShares now offers one of the largest lineups of ETFs, with approximately $100 billion in assets. The company is a leader in strategies such as crypto, dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.
Position Summary: The Credit and Counterparty surveillance position is responsible for the daily monitoring of PFG business partners. The individual will also monitor current market events, regulatory updates, and recommend the approval of new counterparties based on risk standards defined by the credit committee. The role will be responsible for oversight on all counterparties with comprehensive documentation that will be utilized by the CIO and other internal and external stakeholders.
Finally, the role will be responsible for maintaining ongoing relationships with counterparties and financial officers necessary for the timely completion of annual due diligence reviews. Success at ProShares: Self-starter Tech driven with an emphasis on utilizing automation Process driven and detail oriented What Sets This Role Apart: Direct Reporting to CIO Autonomy to work independently Ability to establish a new credit framework Environment that embraces automation at AI use What You’ll Be Responsible For [1] : Surveillance and monitoring of all counterparties: Swap and repo Authorized Participants FCM’s Custodians Transfer Agents Firm technology vendors and data providers And any other firm who’s viability could directly or indirectly impact the financial condition of either PFG and its affiliates or any products it manages Development and Implementation of best practices with the goal of reducing firm wide risk. Ensure adherence to best practices.
Create and implement an in house repository for all supporting data and files. Annual due diligence reviews and oversight of the firms’ internal credit team comprised of several portfolio managers. Assist in the monitoring of the money market fund sub advisory relationship.
Daily surveillance of all counterparties and execution only brokers to ensure that they meet minimum credit standards. Daily surveillance of FCM’s to ensure that they meet minimum standards. Daily update of financial models.
Daily monitoring of firm wide exposure and the distribution of reports to portfolio managers. Annual due diligence reports for all approved counterparties, FCM’s, and execution only brokers. Quarterly updates prepared for the credit committee.
Responsibilities
as assigned. What You Bring: Undergraduate degree, Finance, economics, math, engineering, accounting, or related field. Five to seven years experience preferred at an asset manager or buy- side firm in a credit analysis role.
Excel proficiency required. VBA and macro writing skills preferred. Familiarity with Bloomberg, Bridge, Trade Web.
Requires reading and analyzing financial statements. Fundamental credit analysis and research. Requires understanding of Credit Default Swap spreads and their use in credit analysis.
Requires extreme attention to detail. Requires strong quantitative and analytical skills. Familiarity of securities regulations.
Requires strong oral, written, and presentation skill desirable.
Compensation
&
for this position includes salary and incentive pay.
. Total
may vary based on experience, role, location, department, and individual performance.
Benefits
: The
Include: Competitive discretionary bonus Health care
Benefits (Medical, Dental &Amp; Vision)
Life, AD&D, supplemental life, disability, and legal benefit insurance 401(k) retirement plan with employer matching Spending accounts (Health Care, Dependent Care, and Transportation) Wellness programs — fitness