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Job locationCreditThis sector contains all our credit jobs. Credit professionals are commonly known as 'credit risk managers', 'credit analysts' or 'credit officers'. Some banks however, simply use a seniority level followed by the key word - e.g. 'vice president, credit'. Over the course of their credit careers they are essentially tasked with reviewing credit applications from the bank's clients (e.g. corporations wanting to borrow money) or from financial institutions who are the firm's counterparties. Credit risk is the risk of loss of principle if a borrower defaults on a loan repayment obligation. It arises whenever an individual or company expects to use future income to pay a current debt. Through the preparation of credit proposals and credit reviews, which provide the business with independent assessments about the financial standing of prospective and existing borrowers, Credit risk analysts help to limit the risk of financial loss. To ensure that credit proposals or extensions are approved or declined in accordance with both the firm's internal credit policies and local regulations, credit analysts work closely with the lending team. Most lenders use their own models (credit scorecards) to rank potential and existing customers according to risk. Factors taken into account include operating experience, management expertise, asset quality, and leverage and liquidity ratios. The aim is to ensure high credit quality through the structuring, sanctioning, monitoring and control of credit applications, as well as ongoing maintenance of credit standards. Performing regular reviews of clients whose credit portfolios require close monitoring is another job of the credit analysts. This helps to ensure that any deterioration is quickly recognised and that credit risk is mitigated. Credit professionals, especially senior ones, maintain close working relationships with the business and must understand their portfolio and risk capabilities. Another important responsibility is tostay up to date with the financial analysis and the risk profiles of their assigned sectors, borrowers and counterparties throughout their credit careers. Ultimately, they must balance the desire of front-office sales staff to expand the business, with the need to lend prudently and make sound credit decisions. There are credit risk issues within different types of transactions - including corporate banking, project finance, structured trade and syndications. As well as banks, private equity firms, for example, recruit credit professionals use them to manage the credit risk of counterparties and investment-related service providers. Credit jobs can also be quite specific, such as roles which focus only on counterparty risk and involve due diligence visits to financial institutions to collect credit information. Financial records are analysed on excel spreadsheets so that the bank has a realistic assumption of future operating performance. Show more » « Show less
Showing 1-30 of 55 jobs
• Senior Risk Specialist | Hedge Fund – traded credit • New York • Base salary - $250,000 - $300,000 total c...
Financial Markets Stress Testing has a broad remit covering much of UBS. This position is a good opportunity ...
Develop Credit Risk Models for the portfolio, conduct stress tests, and monitor internal models and processes ...
Front Office: Counterparty Credit Risk Quant with strong developer skill set Location: NYC, USA Top Global ...
Global Product Services provides operational support to a broad range of products, ranging from our pricing an...
Multi-Billion NY based fund seeks a Head Trader
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Top Investment Bank seeks a Global Counterparty Credit Risk Manager
Lead the expansion, development, and implementation of a cutting edge Credit Risk platform. Oversight of Mode...
This major US Financial Institution is looking for a strong leader in the Credit Risk Analytics space.
This global agency brokerage firm is looking for an experienced Credit Risk Analyst to join their growing team...
Senior Credit Underwriter - Mortgage
A major NY based financial firm that is active in trading, clearing and settling FX trades is looking for an e...
Lead Model Development, testing, and validation for Basel II regulations. Strong experience with Credit appro...
The Credit Trading quant team is looking to add a junior to mid level quantitative analyst.
Standard & Poor's Ratings Services is seeking an Associate, Media & Entertainment base in Chicago, Ill...
Fortress Investment Group is looking for a Treasury Analyst to join the San Francisco Office
Core Java Developer for the Market Risk Technology VAR team.
Originated through its comprehensive network of financial advisors, branches, and offices located throughout t...
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As the nation's largest public penstion fund, managing assets of $232.1 billion as of May 10, 2012, the Califo...
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Seeking an Analst for fixed income credit analysis of the Industrials sector. This position will have responsi...
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