Workout & Restructuring Team Overview The Workout & Restructuring (W&R) team is a specialist group within Credit Risk that maintains primary responsibility (i) for managing the firm's distressed and defaulted credit positions to maximize recoveries, and (ii) evaluating and structuring new transactions with distressed counterparties. Principal offices are in New York, Salt Lake City and London to ensure global coverage of the portfolio. All major industries are represented, including consumer and retail, natural resources, financial services, TMT and real estate. All major business lines are in scope, including Investment Banking, Asset Management Division, Global Markets and Private Wealth Management.
General credit risk analyst role which is broadly applicable: Responsibilities In this role you will: • Conduct in depth counterparty analysis including review of industry fundamentals, financial strength, qualitative factors and likelihood of default • Develop expertise in bankruptcy and distressed credit management. Participate in formulating workout strategies and approval discussions • Work with a senior credit professionals to determine the firm's risk appetite and appropriate reserve level for distressed counterparties • Develop a thorough understanding of key fundamentals of credit underwriting including financial modeling/projections • Draft transaction memoranda, expressing and supporting CR's recommendations • Escalate issues to CR senior management • Monitor the performance of counterparties in the distressed Watch List portfolio, including adherence to terms and covenants, and repayments • Develop and manage relationships with other areas of the firm, including Investment Banking/Capital Markets, Sales & Trading, Operations, Collateral Management, Legal, Compliance, Technology Workout & Restructuring team members are generalists, and you will have the opportunity to work on all industries, which includes consumer, retail, healthcare, diversified industrials, natural resources, technology, media and telecommunications. Qualifications Credit Risk (CR) offers many opportunities at the analyst level. We look for candidates with excellent academic records and a combination of analytical and communication skills. Flexibility, time management and the ability to learn quickly are crucial in this fast-paced environment.
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