Divisional Overview
The Risk Division is a team of specialists charged with managing the firm’s credit, market, liquidity, and operational risk. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm’s success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.
Credit Risk (CR) is responsible for managing the firm’s credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparts is managed within the firm’s risk appetite. Staffed with more than 300 professionals, CR operates through 11 different offices around the world and credit professionals work closely with many areas of the firm. Given this structure, CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.
Key Responsibilities
- Assess the credit and financial strength of counterparts by performing fundamental credit analysis of both quantitative and qualitative credit factors on Structured Finance and Commercial Real Estate financings
- Perform counterparty reviews, including recommending appropriate internal risk rating for each counterparty and regulatory risk ratings, where applicable
- Proactively monitor and assess counterparts and industry subsectors and report relevant information and its impact to senior management in a timely manner
- Develop a thorough understanding of counterparty financial disclosures and transaction memoranda
- Identify and escalate notable industry and performance trends and recommend appropriate action to senior team members
- Monitor the performance of counterparties in the portfolio, including adherence to covenants and analyzing the counterparties’ performance relative to budget and/or underwriting expectations
- Determine macro factors impacting fundamental credit quality at both industry and sub-sector levels
- Prepare and submit in depth analysis supporting the counterparties’ ratings for Federal regulatory examinations
Basic Qualifications
- Bachelor’s Degree
- 2 - 4 years of relevant experience in credit analysis or asset/portfolio management
Preferred Qualifications
- Industry knowledge of Structured Finance and/or Commercial Real Estate Financing
- Functional background or relevant experience in asset finance and accounting
- Experience in credit analysis, ratings analysis, corporate finance and/or research desired
- Highly motivated with strong academic background
- Strong analytical and communication skills, both oral and written
- Team player with an ability to work effectively with colleagues in other regional offices
- Flexibility, ability to learn quickly
- Strong organizational skills and the ability to manage multiple assignments concurrently
CR offers many opportunities at the Associate level. We look for candidates with excellent academic records and a combination of analytical and communication skills. Flexibility, time management and the ability to learn quickly are crucial in this fast-paced environment.