VP, Credit Management

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.

Other duties and 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 & Benefits

The compensation for this position includes salary and incentive pay. The annual base salary range for this role is $180,000 – $225,000 (USD), which does not include discretionary bonus compensation. Total compensation may vary based on experience, role, location, department, and individual performance.

Benefits Include

Competitive discretionary bonus

Health care benefits (medical, dental & 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 reimbursement and Employee Assistance Program

Education assistance

Paid time off

Hybrid work schedule (3 days in-office at our Bethesda, MD headquarters)

Peer recognition and corporate matching gift programs

Our Benefits

Competitive pay and discretionary bonus

Paid time off

Health care benefits (medical, dental & vision)

Additional insurance includes basic life, accidental death and dismemberment, supplemental life, disability and legal benefit

401(k) retirement plan with matching contribution

Spending Accounts (Health Care, Dependent Care, and Transportation)

Wellness Programs (fitness reimbursement, Employee Assistance Program)

Education assistance

Hybrid work schedule

Additional Programs include peer recognition, corporate matching gift

[1] These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties and skills required of this job. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions .

Additional privacy information for CA residents

EOE STATEMENT

ProShare Advisors LLC and its affiliates are equal opportunity employers and do not discriminate against otherwise qualified applicants on the basis of age, race, color, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), marital or family status, national origin, ancestry, physical or mental disability, mental condition, veteran status, sexual orientation, gender identity, genetic information, or any other characteristic protected by applicable law.