Associate/Senior Associate Corporate Credit Research recruitment

 Job Details: Associate/Senior Associate Corporate Credit Research

Sector: Corporate Banking

Department: European Credit Portfolio Management Office (ECPM)

Specialisation: Corporate Credit Research / Credit Risk Evaluation

Reporting to: TBA

Basic Salary: Competitive

Bonus Structure: Competitive

Benefits: Comprehensive

Location: London, City

Our Reference: 919145

Summary

A leading global bank is looking to recruit a Credit Researcher at associate level to work with credit portfolio managers to identify threats to the value of credit-risky assets and devise pro-active strategies in mitigation by providing credit analysis, on which these strategies are based.

Description

Our client is a leading global bank, which is looking to recruit a Credit Researcher to join European Credit Portfolio Management Office (ECPM) at junior level (associate/junior associate). ECPM is part of the European Planning Division (EPD) and responsible for actively managing the retained credit portfolio with the overall objective of improving return on capital.

At present, the portfolio under management is made up predominantly of loans and CDS, while areas of development include counterparty risk (CVA) and traded credit risk in general. Established in 2007, ECPM shares in the responsibility for managing approximately €60bn of notional credit exposure. Our work is analogous to that of a buy-side investment firm that has a single client - the bank.

ECPM's primary focus is on hedging credit exposure to EMEA domiciled borrowers, seeking to manage concentrations and to mitigate the impact of credit deterioration. In order to manage the impact of position revaluations on financial results, ECPM also supplements credit risk to the bank's portfolio. All activities are co-ordinated with our colleagues at the head office credit portfolio management unit.

Credit researchers work closely with credit portfolio managers to identify threats to the value of the credit-risky assets the bank holds and to devise pro-active strategies in mitigation. Credit researchers provide the fundamental credit analysis, on which these strategies are based. Their remit encompasses to provide credit outlooks for an industry sector as a whole as well as for individual credits. Through their research they are also in a position to make and implement relative value and directional credit calls, often on an ad-hoc basis. They interact with industry peers, sell-side representatives of other firms and financial analysts.

For this role, the bank is seeking to recruit an individual at the beginning of, or looking for an entry for a career in the financial industry. The successful applicant would be able to demonstrate an interest in credit, financial markets and eagerness to learn. Extensive training on the job will be provided. An inquisitive nature, good interpersonal skills and an excellent command of English are essential; while ability to speak another European language is considered an advantage. Excellent word-processing and spread sheet skills are also essential.

Core responsibilities:

Requirements

Education (Essential): GCSE A-C (including Maths and English)

Education (Preferred): Degree educated (Business or Economics)

Work Experience (Essential): Previous work experience in a team environment.

Work Experience (Preferred): Experience in a buy-side or sell-side credit research role or financial analysis role.

Functional/Technical Competencies (Essential): Computer literacy-MS Word and Excel user

Functional/Technical Competencies (Preferred): Formal credit analysis or financial analysis training; proficiency in another European language

Behavioural Competencies (Essential):  Self-motivated diligent and reliable; efficient and resourceful; team player; eager to learn; inquisitive nature; willingness to work extended hours on occasion