What might you be doing?

Although we break risk down into the five areas of Credit Risk, Market Risk, Operational Risk, Legal Risk and Reputation Risk, we only recruit graduates into Credit Risk. However as part of your training you will have exposure to the other Risk areas.

As an analyst in Risk you'll start your career with a tailor made three-year rotation programme which is aimed at developing you as a rounded Credit Risk professional. You'll develop expertise in assessing and managing the risks of both loan products, traded and operating products. You'll also have the opportunity to experience a trading environment, the pressures of transaction execution, discuss use of the bank's capital, perform in-depth reviews of various industries, contribute to setting strategies to reduce the firm's overall credit exposure and analyse credit risks on an industry, client and transactional basis.

You'll be working in small elite teams alongside senior professionals and as such will develop a network of contacts across the business and with a variety of clients, legal advisors and syndicate banks outside the firm. You will be expected to present your findings, articulate your opinions and offer your solution to the issue in hand. Active participation in these processes will be a pre-requisite to success and we'll expect you to perform.

During your first three years in the firm you will rotate through several core areas within Risk. Some examples of the roles you may undertake on your rotations are listed below:

Credit Risk Management

As an analyst in Credit Risk Management, you will review financing and trading proposals. You will present recommendations based on the risks you have identified to senior Credit Executives, develop means to mitigate against those risks and help in marketing the transaction to both the client and the market.

In the Portfolio Solutions and Collateral management team you will work with marketers, traders, and Credit Risk Managers to facilitate transactions. You will model and price the counterparty credit risk on derivatives and provide structuring and credit risk mitigation advice.

Credit Portfolio Group

As a member of the public side risk management team, you could be responsible for supporting a Senior Credit Research Analyst in maintaining an in-depth understanding of specific industries and companies. The development and maintenance of financial models, the gathering of industry statistics, and the understanding of credit structures, collateral and legal agreements will be your primary responsibility. The modelling that you will perform will include liquidity projections, capital structure analysis, restructuring and liquidation analysis.

Special Credits Group

In the Special Credits Group you'll be working as part of a small team to evaluate the longer term viability of companies in financial distress. You will evaluate turnaround strategies and management, and be involved in the leadership of creditor groups in effecting restructurings.
Understanding credit and credit risk is important in every business of the firm and we actively promote mobility both within Risk and the wider firm. A role in Risk will provide a solid foundation for your longer term career development whether you remain in Risk or move to another part of the business.

Can you do this?

Proven academic credentials are a given, but because of the diversity of roles in Risk and the nature of the job, a more traditional arts, languages or science-based discipline could be as relevant as a financial, economic or legal degree.

You'll need to be flexible enough to cope with change and have lots of drive and enthusiasm. You will also need to be numerate, able to communicate effectively and have an eye for detail. You need to be able to interpret any information you receive, have the confidence to question it, and if necessary, restructure the proposal and provide a solution which is acceptable to the firm, the client and the market place as a whole. Your ability to write concise and well-reasoned reports which explain and justify your conclusions and recommendations is essential.

You'll be required to work both as part of a team and individually, without undue supervision, anticipate what is required and be proactive rather than reactive.  With many conflicting calls on your time you will need to manage your own work effectively and efficiently and constantly communicate your progress.

As business is primarily conducted in English, verbal and written fluency in English is essential. However, as we are a global business and operate extensively throughout Europe, the Middle East and Africa, fluency in other languages is extremely beneficial.