Financial Institutions Credit Portfolio Management & Research recruitment
The Position:
Working on the Credit Portfolio Management Research team actively managing the investment banking credit portfolio.
This is a public-side global function mandated to manage the majority of the retained credit risk generated by client-driven activities. The portfolio includes loans and credit risk associated with derivative counterparty exposure.
The Business is part of the Global Credit Risk Management function in the Investment Bank.
Portfolio managers work with researchers and traders (Credit Portfolio Trading) to determine appropriate strategies to manage the portfolio, primarily via the credit default swap and secondary loan markets.
The priority of the group is to maximize the risk-adjusted return of the portfolio while managing concentrated (threshold) exposures and balancing the competing issues of minimizing cost, PL volatility and capital usage.
Qualifications:
This role requires a combination of fundamental credit analysis, an understanding of the credit markets and counterparty credit risks, and ability to recognize relative value across credits, industries and security types.
Qualified candidates will be able to work with various groups of researchers and traders to hone quickly in on key risk drivers and evaluate underlying analytical assumptions in order to develop exposure management strategies.
The individual will have:
Advanced credit skills honed through portfolio management, risk management, or research specifically of Financial Institutions.
Deep understanding of the credit markets and relative value
Detailed knowledge of derivatives and traditional credit products
Ability to take a pragmatic approach to credit risk, synthesize large quantities of information and make a decision
Forward-looking view of risk, the markets, and the impact on credit
MBA and/or CFA designation are pluses as is foreign language proficiency.