Department Overview

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 270 professionals, CR operates through 12 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.

Job Responsibilities

• Assess the credit and financial strength of the firm's Financial Institution counterparts by performing fundamental credit analysis of both quantitative and qualitative credit factors
• Perform credit underwriting of derivative and funding transactions while ensuring appropriate documentation and risk mitigants to protect against default and minimize potential losses
• Perform credit underwriting of lending transactions, contributing credit recommendations and support to the firm's capital committee approval process
• Recommend and defend internal and regulatory risk ratings for counterparts/transactions as required
• Present findings and recommendations to senior management and answer questions relating to analysis performed
• Proactively monitor and assess counterparts and industry subsectors including based on market indicators, regulatory guidance, rating agency commentary and counterparty surveillance and report relevant information and its impact to senior management in a timely manner

Basic Qualifications

• Minimum of 3 years of experience covering Financial Institutions, either in a counterparty credit risk management role (preferred), fixed income research or other credit analyst role
• Knowledge of banks, exchanges, clearing houses, broker-dealers, finance companies, BDCs, CDFIs, mortgage companies, insurers
• Knowledge of derivatives, funding, and lending products and related trading and lending documentation (i.e., ISDA/CSA, MRA, MSFTA, credit agreements)
• Familiarity with regulatory risk rating requirements and application of such guidance
• Proven track record of sound decision making and the ability to steer client and business negotiations to successful outcomes
• Strong written and oral communication and presentational skills
• Experience in presenting and defending credit work and findings to credit colleagues, senior management and other internal stakeholders
• Strong organizational skills and the ability to manage multiple assignments concurrently
• Bachelor's degree in Business Administration, Finance, or a related field

Competencies

• Functional Knowledge and Technical Skills - Demonstrates a functional understanding of financial markets, risk analysis and current risk management practices as well as strong technical skills required for the role. Values attention to details, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
• Client and Business Focus - Effectively handles difficult requests, builds trusting, long-term relationships with clients, helps the client to identify/define needs and manages client/business expectations
• Teamwork - Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
• Communication Skills - Communicates in a clear and concise manner, shares information/new ideas with peer group and team, while demonstrating judgment to escalate as appropriate
• Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyzes complex issues
• Creativity and Influence- Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value. Takes a position on issues and influences others' opinions by presenting persuasive recommendations