IBCM Ratings Advisory Analyst # 107371
This role supports and demonstrates the New York-based DCMS Ratings Advisory team (RA). RA advises CS bankers and clients (mainly in the Americas and Australia) on all aspects of Moody's, S&P and Fitch credit ratings. RA assists clients (including PE firms) across all corporate and financial industries. Internally, RA supports IBCM industry-coverage and product bankers (including those involved in M&A, project financing, and debt origination). You fulfills requests for rating agency reports and data, presentation materials, and financial analyses. These support RA in its primary task of predicting the ratings that agencies will assign to companies either facing challenging circumstances or contemplating or pursuing major transactions, including debt and equity financings, and mergers, acquisitions and divestitures. You also works on developing, maintaining and applying analytical tools and presentation templates RA uses to solicit client business and to estimate ratings, among other activities.
The role involves:
Primary responsibilities of the role include:
- You will be fulfilling RA and banker information requests, including during evenings and weekends, for among other things:
- Agency-published company, industry and technical reports;
- Agency reports showing the derivation of historical adjusted credit ratios for rated companies;
- Standard pages describing the ratings process, rating fees, the pros/cons for getting rated, etc.;
- Custom searches of agency databases to identify precedents and examples needed by bankers for pitches or deals; and
- Schedules of comparable-company ratings (showing (a) methodology-derived Indicated corporate ratings; (b) Definitive ratings vs. Indicated ratings; and (c) Moody's ratings vs. S&P ratings).
- Applying agency-published methodologies/models to derive:
- Estimated pro forma credit ratios adjusted for operating leases, pensions, etc.;
- Indicated corporate ratings based on sector-specific methodologies and other decision frameworks;
- Debt-instrument ratings (based on Moody's loss-given-default [LGD] model and S&P's recovery analysis framework); and (4) liquidity ratings.
- You will be developing/updating standard RA pages for pitches and other client meetings, including (1) the pros/cons for getting rated, descriptions of the ratings process, rating fees, etc.; (2) qualifications and credential pages, including deal tombstones and lists of previously worked-on sector- and situation-specific deals; and (3) selected case studies;
- Developing/applying RA templates for ratings assessment presentations to bankers and clients;
- You will be preparing standard pages for pitches and other presentations on technical issues, including (1) the derivations of estimated pro forma credit ratios, indicated and precise corporate ratings, instrument ratings, and liquidity ratings; (2) selected pages for banker training presentations; and (3) selected pages for occasional presentations to IBD and coverage/products groups on new rating methodologies and other agency-related developments;
- Preparing selected pages for clients' presentations to rating agencies
- You will be deriving deal-specific estimated rating-agency fees.
Your Value Proposition
- Internal mobility is encouraged.
Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.
Requirements: You have a degree from a four-year college or university with relevant coursework in finance or accounting. Prefer someone with one to two years of Analyst-level Investment Banking or Capital Markets experience. You are thorough, does careful work and is eager to learn about credit analysis. Excellent quantitative and analytical skills are a requirement.
In addition, you possess:
- Demonstrated academic achievement.
- A basic knowledge of accounting for financial reporting and financial documents.
- Do you have an excellent written and verbal skills?
- Ability to multi-task with strong attention to detail.
- Proven ability to work in a time-sensitive environment.
- A strong can-do attitude and inclination to ask questions when clarity is needed.
- Ability to work independently and in teams.
- Demonstrated interest in business (companies, industries and corporate transactions), especially from a credit perspective.
- You have a basic familiarity with capital markets.
- Excellent PC skills; advanced knowledge of Excel, Word and PowerPoint a requirement.
- Willingness to travel to and spend time in New York for training, and to attend meetings with coverage and product bankers, clients, and rating agencies.