Job Description

Credit Risk is responsible for assessing, monitoring and managing credit risk at the Firm. The department is staffed globally with offices in New York, London, Hong Kong, Tokyo and other major financial centres, is independent of the Business Units and reports to the Firm’s Chief Risk Officer and Chief Financial Officer. Credit Risk leverages its extensive expertise in financial, credit and risk analysis to provide astute and objective judgments to the firm and its clients in new transactions and portfolio management.

Since Credit Risk works closely with almost every division of the firm, its professionals gain diverse financial experience and a broad perspective on how the firm functions as a whole. Its unique position keeps the department at the forefront of the firm's strategic developments.

The Workout & Restructuring team is a specialist group within Credit Risk that maintains primary responsibility for managing the firm’s distressed and defaulted credit positions. The London based team has regional coverage for the portfolio in Europe, Middle East, Africa, Asia and Australia. All major industries are represented, including retail, natural resources, financial services, TMT and real estate.

KEY RESPONSIBILITIES

• Assess the credit and financial strength of the firm's corporate borrowers and counterparties by performing fundamental credit analysis using both quantitative and qualitative factors
• Review credit agreements, bond indentures, ISDAs and related legal documents pertinent to transaction structuring and recovery assessments
• Perform detailed analysis for highly structured lending, investing and derivatives trades
• Create and update quarterly portfolio reviews for a diverse and global portfolio of distressed credit related positions
• Track default and recovery metrics, and regularly report key information to senior management
• Contribute to approvals for new distressed loan transactions, recommend regulatory ratings, monitor trends in the portfolio, perform distressed analysis and estimate potential impairments
• Interact regularly with Credit Risk industry teams, Loan Origination, Sales & Trading and Special Situations businesses on transaction approvals
• Actively participate in credit committees and express views with supporting rationale
• Develop and manage relationships with other areas of the firm, including Investment Banking, Sales & Trading, Merchant Banking, Special Situations Group, Controllers, Treasury, Legal, Compliance, Technology, etc.

Required Knowledge, Skills, and Abilities

Experienced analyst and associate level candidates will be considered Minimum of 2 years work experience preferred within either credit risk, distressed investing, restructuring or leveraged finance. Excellent academic credentials. Degree in Economics / Finance / Business discipline preferred Strong interest and familiarity with corporate finance, financial restructurings and financial markets Experience assessing corporate credit quality, and providing assessment for transaction approval Strong analytical and quantitative skills. Comfort building complex financial and valuation models Strong ability to manage detailed financial and operating information Strong written and verbal communication skills Ability to work under pressure and to meet deadlines Ability to work flexibly and autonomously as part of focused team Ability to juggle changing priorities and a varied workload