Credit Portfolio Group - Research - Associate

Credit Portfolio Group Lending

We are seeking a credit trained, highly analytical, creative, and self-motivated individual to join the NY based CPG Portfolio Management & Research team. We look for candidates who possess strong accounting, finance, quantitative, and business writing / communication skills, as well as modeling, forecasting, and valuation experience.

As an Associate in CPG, your primary role is to support the management of our loan portfolio through credit analysis alongside senior portfolio managers and traders, and to support the creation, management, and ongoing analysis of CPG originated SRTs (Synthetic Risk Transfers). Portfolio management will start with fundamental credit analysis and lead to the generation of trade ideas and strategies centered around the lending book and being the support function for portfolio managers and traders. Key tasks include formulating a credit and relative value views around positions in the portfolio, building and maintaining models that project future cash flows, performing valuation work, formulating portfolio management strategies, and communicating these strategies to portfolio managers and senior management.

This role requires a wide variety of strengths and capabilities, including :

• A minimum of 2+ years of experience in a banking, research role, or accounting focused role which may include working as a desk analyst, investment banking analyst, or other analytical and demanding roles.
• Proficiency in analyzing financial statements, financial modeling, and valuation with knowledge of relative value highly desired.
• Intermediate-to-Advanced level of proficiency in Excel and Power Point.
• Strong written and oral communication skills.
• Demonstrated ability to cover multiple credits in a dynamic environment requiring efficient evaluation of opportunities in response to news and market changes.
• Intellectual curiosity with a passion for the markets and an interest in investing.
• Strong Excel skills with a focus on data analysis, manipulation, and organization. Prior use of or knowledge of Python and Tableau are a plus.
• Knowledge of loan and CDS markets are a plus, not required.
• A CFA, or progress toward a CFA is a plus, not required.

The Credit Portfolio Group (CPG) Lending is a public-side global function with approximately 20 Portfolio Management and Trading professionals across New York, London, and Singapore and is part of the Markets function within the CIB. CPG Lending has two primary functions including Portfolio Management & Research (PM&R) which is aligned by industry and geography, and Trading & Distribution (T&D) which uses both liquid and illiquid channels to facilitate transactions. The priority of the group is to manage the retained credit portfolio focusing on concentrated exposures (company specific, industry or geographical concentrations) while balancing the competing issues of minimizing cost, P&L volatility, and capital usage. Portfolio managers and researchers work with traders to determine appropriate strategies to manage the portfolio which are achieved primarily via the secondary loan market, the CDS market, and through structured solutions.