Credit Portfolio Group - Lending

The Credit Portfolio Group (CPG) Lending is a public-side global function with approximately 25 Portfolio Management and Trading professionals across New York, London, Paris 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.

We are looking for a diligent, quantitative, self-motivated and outgoing individual to join the Credit Portfolio Group in New York.  The individual will have prior credit trading experience – preferably in either loan products or credit derivatives.  The candidate will have strong negotiation and technical pricing skills and can coordinate and manage the execution process of the team’s credit strategies from initial pricing through to settlement.

Job Responsibilities

Execution of loan sales and derivative hedging strategiesCommunication of market developments to management and other team membersCollaborate with Portfolio Manager & Research to identify creative & cost effective solutions for risk management of the bookPre- and Post- trade checksAnalysis/ reconciliation of risk positionsCredit curve maintenance and reconciliationReview and sign-off of risk and P&L reports

Required qualifications, capabilities, and skills

2 year minimum experience in trading; credit analysis experience a +Intellectual curiosity with a passion for markets and an interest in investingStrong oral and written communication skillsCurrent knowledge of loan and CDS productsExcellent quantitative skills, educated to degree level Ability to exercise sound judgement under pressureProven leadership qualities and ability to work in a collaborative team environment