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Big 4 Audit or Credit Risk Internship
Hey guys, penultimate year math student from a semi target in the UK. I have summer internship offers from big 4 for audit and also from a fintech bank for credit risk, both which have suggested they will very likely offer me a grad job after if all goes well. However, I'm struggling to decide which...
Laid off, Career advice - HNW Wealth or Credit at Agency
Looking for a bit of advice on direction. Currently 2 Years out of College, did 1 year of back office at "BB", $80k, then 1 year in Tech Sales (Finished at $105k) then got laid off - this role consisted of selling fundamental data to Hedge Funds/ AM/ Equity Research teams. I was supposed to get...
Trouble picking what CIB Credit Risk group to choose
Hey everyone. I’ll be interning at a BB doing CIB credit risk this summer. I have a good idea of what each group does and I like the people from each group but I’m having trouble deciding how to rank them. The groups in question are Real Estate, Diversified Industries (Investment Grade), Asset...
Tips on internally-moving to different position after SA role
I signed an offer as a BB SA in NYC working in Risk Management (non-deal-centric). It is hard to say my current placement/function, but careerwise I eventually want to end up on the deal side in DCM/ private credit. I am grateful for my current role, but wanted to see if I could leverage the...
Credit Risk at UBS
I recently received an offer from UBS risk management and my first rotation is in credit risk. Depending on the firm, I've heard that risk could be closer to FO/BO. What is it like at UBS? I'd love to gain more insights into the risk control rotational program, specifically the credit risk group at...
Three Quant Contracting Roles Comparison
Have always been a full-time quant; have both buy side and sell side experience. Trying out contracting now. Have three offers. 1. HSBC. £ 938 / day. CVA, credit risk, C++ / Python. Enjoyed talking to interviewers, but was never interviewed by line manager himself. Seems like a shorter term...
GS Credit Risk VP Role?
I just saw a posting for a CR role at GS which I usually do not see. This Job is in NY and underwrites deals brought in by the IB. I thought traditional banks were the ones that has these type of credit risk underwriter roles but it makes sense since someone has to UW industrials, leveraged Finance...
Credit Analyst Career Path
Hi all. I work as a credit analyst at a bank and I have a question. I perform credit analysis on banks with trading products. I'd like to work with loans, but it seems that the analysis in that area is minimal. I’ve thought about going into private credit but I know the work involves direct...
Seeking advice for Credit Risk at Top Tier BB (JPM/GS/MS)
Hello fellow chimps, recently got offered an FT analyst position at a top-tier BB (JPM/GS/MS) for their Credit Risk Analyst position. Roles and Responsibilities include: Performing necessary credit due diligence and analysis on borrowers and trading counterparties Reviewing and recommending for...
Careers/pathways in Market Risk?
Hi, I'm currently an incoming freshman at my state school (non-target) and have been doing some research and wanted to learn more about the Risk mgmt field. I currently plan on doing a dual degree in finance and math/statistics, and while I would say have good qualitative/relational skills, I would...
Credit Ratings Agency Interview
Hi everyone, just got an interview for an internship at a Big 3 CRA in London next week. I guess that they would ask me something on financial statements and credit analysis . Does anyone have any advice on how to prepare or have relative experience for this interview?
Risk to Quant Strat
Hi All, An introduction: I am a Junior at Ivy League School studying Operations Research/Quant Finance/CS. I was extended an offer by top BB bank [GS, JP Morgan, Morgan Stanley] for consumer credit risk - not in corporate or market funct. unfortunately. The role seems challenging and a majority of...
Wealth Management - Credit Risk career path
Hello, Has anyone here any experience with/knowledge about the career paths on the Credit risk side of Wealth Management departments ? More precisely, do you think one can -after a few years of experience - move to Credit Risk teams dealing with corporate clients (eg. LevFin credit risk, Corporate...
Cant get a Credit Job
I am trying to get a role as an analyst in Credit Risk within CB/CIB for about 4 months now, internal hire, I have had maybe 12-15 1st/2nd rounds interviews and 4-5 3rd/4th rounds with different coverage groups. Anyone on the Credit side have any recommendations on what to be reading up on in news,...
Job in credit risk vs aggregate risk?
Hello everyone, I just wanted to know how would you choose between a job focused on credit risk (loans) and one on aggregate risk. Which one would most benefit a quantitative finance student who is looking for its first job in risk management? Thanks a lot in advance.
IB at age 40 from Credit Risk
I am a VP in middle market Credit Risk (portfolio management and underwriting) at one of the top 3 banks in the nation. Comp has stagnated and does not seem as it will ever go beyond $400K all in at my manager (or his manager) level. Am I delusional to consider an analyst role in IB at this age or...
JPM CIB risk vs MM ER
Hi there, I got 2 offers but am not sure which one is better for a top MBA/MBB/buy-side: first offer: JPM CIB credit risk, tier 2 city; heard it's arguably an FO job in JPM. Exists include top BB IBD and T10 MBA program. second offer: Equity research associate at a low-tier MM, will work with an...
Internally moving from (Retail) Credit Risk to Market Risk within a top tier Investment bank
I am currently working in market risk since few months and was offered a position as associate for retail credit risk which is paying double my current salary. Is it worth starting this position to then move back internally in the same bank to market risk after few years? Is it possible to move to...
CITADEL - Negotiation Help! (Credit & Risk)
Hi Everyone, I hope someone can help me here. I completed the recruiting process with Citadel for a Sr. Analyst position in their portfolio construction group (Credit / Risk) for their physical commodities. I currently work at a large trading house in their credit / structuring group and I am quite...
JPM CIB Risk Division Placement
Hi guys, Just got a SA offer for JPM's CIB Risk division. There seems to be a placement process for the different divisions in the risk department. Had a few questions before I accept the offer: 1) What are some of the better types of Risk Management divisions to go into? Especially for career...
Warsaw to London Office
Working in Credit Risk at a top BB ( GS, JPM, MS) in their Warsaw Office. Thoughts on moving to the London office in credit risk? How difficult would it be? Hows best to do it?
Interview with a BB tomorrow (initial contact today)
Have three interviews with a BB tomorrow (initial contact today...very unexpected/exciting) for Credit Analyst. Description of role: asses creditworthiness, prepare credit approval memoranda, assist in the origination/structuring of senior bank debt and related credit products. To prepare I am...
Asset Based Lending Exit Opps
I was offered a role for an abl development program and was wondering what are potential exit opps? The type of loan I would be working on are also in a specific area, so I’m worried it might pigeonhole me. Since it’s a more nicher area would I be able to get the necessary technical/quantitative...
Corp Banking vs CIB
If you had the choice between 2 roles for a junior summer analyst position, which one would you be leaning towards. Some of the main factors that I am worried about are exit opportunities and transferable skills, the end goal being IB/Corp development. Also, one is in NYC and the other is in the...
Received a GS Risk Internship offer in their Dallas office. What kind of opportunities will this lead to?
I ideally want to go into private credit/equity and I know IB or anything in AM is much better for that but recruiting didn't go that way for me. GS Risk is the best offer I have and I'm wondering what kind of opportunities this will lead to? I will either be placed in the Credit Risk division or...
Credit Risk Discount
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Corporate Research Team - Credit Risk - Goldman Sachs
Hi guys, I've got an offer to work at GS in the Credit Risk Division as part of the Corporate Research Team. I can't find anything on Corporate Research and was wondering what it would entail? I've also been told by HR that Credit Risk are in touch with all business lines and are on due diligence...
Why hiring so many credit risk analyst at BB recently?
There are so many BB credit risk analyst positions promoted on LinkedIn recently.. Especially JPM and Citi are hiring a lot at this time Does anybody know what's happening around?
Citigroup Credit Primer document 2005
Does anyone have the Citigroup credit primer document, from around 2004/2005, they would be willing to share? Much appreciated if so. Thanks to PrimeP : https://www.mediafire.com/file/jyxyn5spyqtdfia/Cr…
Risk Management to Investment Banking
Hi everyone, I recently received an offer at JPM in risk management as a SA' 22. My end goal is to break into IB. I may have a chance this summer to still secure a spot as I have been networking but I'm not sure. If I were to take the risk job and get on FT, does anyone have suggestions on breaking...
Credit Risk Analysis with Python project?
I'm currently getting to know how to conduct analysis of credit risk with Python, is there any project for newbie that I can start to put into my portfolio?
Career Advice
Hi everyone, I'm a recent graduate and am looking for some career advice. I graduated from a semi-target school with a 3.95 GPA in finance. Right now, I'm in a temp role at a bulge bracket bank (Goldman Sachs/JPMorgan type) and am mostly working on regulatory capital reporting (CCAR/Basel III,...
Entering Investment Banking or Risk Management in IB from another sector of financial services
Hi everyone, I have been interested in working in investment banking since university but when applying in my second and final years, I had no luck. I was fairly well prepared, but just lacked the knowledge and experience, as my university course wasn't finance centric. I am still very interested in...
EUR/USD X-Currency swap risks (xVA)
I'm trying to learn more about xVA desks and improve my intuition around financial product knowledge and hedging. I have been given this as an exercise. "What are the CVA risks on a EUR/USD cross-currency swap 10y with Volkswagen" Is there anyone who could advise me where I could start with this?...
Counterparty Credit Risk
Hey guys, I just came across the following job related to counterparty credit risk (apologize for copying the whole text - I am not allowed to insert any hyperlinks) Key Responsibilities: Manage a global team of In-business risk professionals on various aspects of counterparty risk monitoring and...
Interview with Credit Risk Associate (Part 2/2)
INTERVIEW/Q&A TUESDAYS: The following is an interview from earlier this year with Credit Risk Associate Pirho (he is also available to answer your questions) See Part 1 Here Are you a professional and want to do an interview? View our interview template here and then email me your responses to...
JPM CIB Credit Risk - Commodities
Anyone have/willing to share any insight into this group? Looking for the usual hours, face time expectations, comp, culture, etc. I’m also wondering if anyone can explain what the group does. Sounds like it deals with credit risk associated with commodities instruments as opposed to lending...
Is Investments at Insurance Firms Looked Down Upon?
I just received a full time offer to join a large (yet slightly unknown) insurance firm's Investments team in NYC. the starting salary is on par with "high finance" in NYC and I'm not entirely sure what bonus compensation looks like, however I am a bit worried about if working for an insurance firm...
Credit Risk - What Can I Expect On A Summer Internship?
Hey guys! I'm new to WSO so sorry if information regarding this can be found elsewhere... Please redirect me if this is the case. I'm planning on applying for an internship within Credit Risk at J.P. Morgan for Summer 2021 intake and I was wondering if anyone has had much experience in this area...
BB Credit Risk Superday – What to expect
Hey everyone, one of my friends has a superday with JPM 's CIB Credit Risk program coming up, and just wanted to know what to expect/how to best prepare. What will the technicals be like (similar to banking or more of a focus on credit)? Are the behaviorals just the standard behaviorals? Anything...
Q&A: Ex-Senior Credit Risk Analyst at Barclays Investment Bank and grad student at Cornell University
About - Currently a graduate student in Applied Economics and Management with concentration in behavioral finance at Cornell University - Prior to the Masters I worked for 2 years at Barclays Investment Bank in Glasgow, UK in the Risk department (specifically focused on portfolios with securities...
Q&A: Risk Management at Top IB
About I've been thinking about doing a Q&A a while ago and finally have the chance to do so. Brief background 1.5 years as a Credit Risk Associate at a top IB - About 1 year as a Market Risk Associate at another top IB Q&A Happy to answer questions related to risk roles: - What kind of candidates...
JP Morgan - Investment Banking Training Program Experiences
Hi There, I just accepted an offer as a credit risk analyst with JP Morgan on their CIB team this week and I got a call this morning that I need to book a plane to New York this weekend to start a month long training program with their investment banking team. I dont really know what to expect so I...
What Exit Opportunities Do You See From This Role??
Hello Everyone, I have been a long time reader of this forum and appreciate all of the both humorous and general advice for navigating careers within the higher finance industry. I wanted to to describe my current role within a firm and see if anyone can offer some potential next steps in developing...
Underwriting in Insurance -> Credit Risk Underwriting
Sorry if this thread may be in the wrong section. Anybody know if this move is possible/common at all? Have desired to start in commercial banking as an entry level credit risk analyst but did not know if I should also consider starting out at a financial institution (like insurance) and make that...
Automated Credit Rating Valuation
Hey guys, I have an algorithm that automatically calculates the credit ratings of all publicly traded companies, across all markets. The system currently rates over 10,000 US companies with continuous quarterly updates. The change in credit rating overtime can give an early signal about approaching...
Finding a role in Credit/market Risk
I’m currently in a Corporate Treasury Risk function at a BB firm, trying to move into Credit or Market risk but it’s been difficult to do externally. Most recruiters don’t give me a chance since I don’t have precise Credit or Market work experience, but I’m intelligent and passionate about...
Salary expectations in Frankfurt?
A long shot but maybe someone here might know somethign about Frankfurt? My company is moving some jobs from UK to Frankfurt via brexit. Mid level VP in Risk with 11y of experience. Live and worked in NYC . I'm curious owhat i should expect for salary in Frankfurt? I know COL is much cheaper than...
New Regulation/News/Trends that will affect how banks view risk
Could somebody advise on some recent news that would affect a bank's risk division, and why this would happen?
Day in the Life--Middle Office (Risk)
Congrats, you've made it into finance...in the middle office. What is the middle office? Definitions vary, but think risk management, certain accounting roles, corporate treasury--broadly speaking, you interact with the business divisions on externally-related (i.e. client, funding) topics, but...
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