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EY Structured Finance Consulting to IB
I am finishing my junior year and was late to undergrad IB recruiting. Instead, I am working a summer internship in EY's Structured Finance Consulting. Assuming I get a return offer, I'm curious about the possibility of lateralling into IB (MM, BB, Boutique, etc.). What would that process look like,...
What is the best group at a Credit Rating Agency?
Can anyone elaborate on the pros and cons of each group at a CRA? (Structured Finance, FIG, Corporate, Public Finance) I'd like to narrow down which one to pursue, to set myself up for the best exit opps/transferable skills. I've encountered many mixed opinions regarding FIG and SF especially, any...
Structured Credit Buy Side Interview
I have an interview for a structured credit analyst position with an investment bank. Does anyone have suggestions on what I should review, and how to prepare for it? I interned in a structured finance group over the past summer, so I am good with the basics but should I focus more on Bonds math and...
Difference between Portfolio Financing and CLOs?
Hi. Can anybody explain me what's the difference between portfolio financing and CLOs in Structured Finance?
ABS analyst interview
hi all- I have a first round interview for an ABS (structuring) analyst role at a large Japanese bank next week. I am currently a senior in college studying finance and cs, and I have fixed income security experience from a middle market bank. I really want to work in ABS structuring, but I honestly...
Structured Finance Resources?
I’m interested in learning a bit about structured finance. For those working in the field, are there any must-read/watch materials that you recommend (could cover anything from jargon to technicals to prereq knowledge)? Thanks in advance
Underpaid in Structured Credit?
First year associate at a NYC-based LMM structured credit fund (~$1bn AUM). Currently on $125k base / target ~20% bonus. Came from a somewhat non-traditional background, but starting to think all-in comp is low for this type of role - would appreciate thoughts from those more familiar with the...
Structured Products Banking
I received an offer from a MM as a Structured Products Banking Analyst in NY. The group sits on the DCM floor instead of the traditional IB and after a year or so would have the offer to either stay in banking or lateral to trading structured products (Agency CMBS, RMBS, ETC.) The banking team does...
Blackstone Asset Based Finance Superday
Hi all, Have an upcoming superday for Blackstone Structured Finance Group, Asset Based Finance. It's a fairly new group and I haven't been able to understand exactly what they do, but from my first round it seems like they invest in pooled loan obligations, like car loans? I would love to hear if...
Exposure&Exit opportunity JPM structured Equity Financing
Has anyone have ever heard about Structured Equity Financing at JPM trading side. It seems to be focusing on principle structured lending business for financial sponsors and all kinds of institutions.( pe, hedge fund, family office etc) Work includes structure and execute margin Loan and fund...
Is it likely to go from a structured finance/securitization role -> private credit?
Firstly, I'm very new to all things debt-related and have just recently fostered an interest in credit, so bear with me if this all sounds conflated, it's most likely because I'm still trying to get my head around things and struggle differentiating aspects between LevFin, DCM, Fixed Income,...
Institutional Investment Sales Associate Comp
What does all-in comp look like for Associate comp at JLL, CW, CB for Capital Markets or Debt/Equity platforms? For anyone who has made the jump - do you see a substantial bump in base, bonus, or does your tip share % on deals increase? Is Eastdil significantly better pay?
Structuring and Valuation of Commodity Transactions
Hi all, I was invited to an interview for a Quant role at some energy producer's department that provides structuring and valuation services for commodity transactions (mostly power). I have no background in Trading or the Energy market, so I am not aware what structuring really means (does it refer...
IB -> Macro Fund?
Hey All - First time caller, long time listener. I'm in Structured Credit at a BB working on esoterics (won't give more details to avoid self-incriminating as we're one of the few on the street in this particular business, but will say we're on the illiquid and complex side of things) looking to...
Career Advice
What is the scope of being a structurer in an Investment Bank? It would be great to know the deal with it: Application, Interviews, Compensation, Exit ops The other option that I have is to go for CFA. Doing both, along with my engineering degree, is probably not feasible. I'm currently about to...
Choosing Careers
So I have two job offers to pick from and they are in totally different industries. I received a job offers from a bank in Structured Finance banking for a 2nd year analyst at a bigger international based bank. I also received an offer in equity research as an Associate for a US BB bank covering a...
Loan Syndications, Subscription Finance or Warehouse Lending
Hi y'all, I'm deliberating between Loan Syndications, Warehouse Lending and Subscription Finance (all IBD groups). Which team generally 1. works under 60 hrs a week, and 2. provides a more valuable skill-set? Thanks!
PwC Pathway - Private Clients to Banking and Capital Markets
I'm finishing my first year (4 more months to be a year) as a Graduate Financial Auditor at a State's Audit Office. I've decided that I don't want to continue my career in public sector and am looking to apply for an Assurance Associate position at Big 4 (preferably PwC Sydney). My goal is to work...
What's the least you've been offered for an internship?
I just started a Master's Degree in Real Estate Development a few weeks ago, and it's internship hunting season. A shop I interviewed at took me through three interviews to tell me that the position would be unpaid. I was so angry I almost didn't send a thank you email when I rejected the offer....
Transition from Structured Finance in a leading Rating Agency
As the title suggests, what would be the options for someone working in a leading rating agency in Structured Finance in the ratings team at a junior level? Also, if you have any advice would be great to hear
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Bank Credit Portfolio Management discussion - What they actually do, is it worth it, exit opps?
Interviewing for a Credit Portfolio Manager at a US bank and have a few questions. What the role is about: CPM work across origination, finance, risk and treasury teams. The organisational structure varies depending on each bank. They do not analyse individual deals but rather the portfolio of...
How to split loans into A + B notes
I’m advising a fin tech company who is working on alternative financing for small businesses. The idea would be to obtain a line of credit to make loans and then split and sell the loans. I’ve been tasked on how to realistically and legally create a marketplace where we can split and sell our...
Cargill -Trade and capital market(TCM) associate
Hi all, Wanted to know about Cargill TCM associate program. Little bit of my background- 1 yr exp in Research(similar to junior trader) at ag commodity firm(one of ABD) competitor to Cargill. Expected to become trader in 3-5 yrs timeframe. I really like to be in markets front desk and doesn't want...
Offshore Business Processing
OBP is a business process outsourcing company that works across a wide range of industries including Freight Forwarding, Logistics, Accounting, Legal, and IT. OBPs services include data entry, customer service, sales, software development, automation, and technical support, which it provides to a...
CLO Secondary Trading Lifestyle
The life on a CLO secondary trading desk isn't really covered on this forum too well. Can anyone from the sell-side speak lifestyle, responsibilities, and market/product outlook going forward in terms of career trajectory? Any level would be helpful, but please answer in terms that would be...
Is Structured Finance considered IB or CB and is it possible to lateral to M&A?
Is Structured Finance in Europe considered as CB or IB? From my understanding SF is mainly related to lending and advisory services and it differs from DCM because it deals with more complex instruments than plain vanilla. As a recent graduate, do you think it would be possible to transfer...
Structured Finance outlook and exit opportunities
I have a great opportunity to join a ABS or CLO origination/structuring team at a BB, and it seems like a very interesting role. Seems like hours are less than traditional IB, and pay is similar at the analyst level. However, I am wondering about exit opps for a role like this, as well as the...
Structured Finance outlook and exit opportunities
I have a great opportunity to join a ABS or CLO origination/structuring team at a BB, and it seems like a very interesting role. Seems like hours are less than traditional IB, and pay is similar at the analyst level. However, I am wondering about exit opps for a role like this, as well as the...
Modelling Mortgages/Autos From Warehouse through to Securitisation
Hi Folks, I am looking for resources on how to model mortgages/autos (the assets themselves) and the liabilities side modellign from warehouses to a securitisation exit. I am spefically looking at the UK/European market as opposed to the US. I am fairly new to this market so any...
Curtailment '%' in Amortization Schedules
I wanted to lay down a curtailment, admin fee and default rate to an existing amortization schedule, and calculate the IRR. 1. I am confused as I am given the annual curtailment rate as opposed to (absolute) amount. What is this a % of? (n.b. my schedule is in months) 2. How can I embed the default...
Buyside offer of Non-bank loans investment, is it private debt secondary or structured finance?
Hey guys, I am a graduate student and have done internship at Corp M&A, private debt LP and venture capital funds (in EU). I recently received an offer from a credit fund (with strong ABS investment history) called Dynamic Credit, the team that I will join are mainly investing in portfolio of...
Technical questions for a Graduate Programme in Structured Finance?
What sort of things I can be asked in interviews for a Structured Finance graduate programme in London. The graduate programme in this bank is rotational, I would rotate in the following teams: - Leverage Finance - Project Finance - Syndications and Securisations - Commodity Finance - Strategic...
CFA for CLO/ABS and Structured Products
Hi, Is it advisable for a Analyst working in CLO/ CDO deal modelling to pursue CFA , i mean is CFA beneficial in a career in Structured Finance?
Current Structured Finance/Stressed and Distressed Special Situations Credit Opportunities
Hi guys, this is my first post so I hope I am posting this in the correct place. I have an upcoming interview with a predominately structured credit (CLOs etc.) focused hedge fund, although they also invest in stressed and distressed special situations credit opportunities. I have been researching...
Can someone explain why Chimera rallied 6% after hours?
Can someone explain why Chimera rallied 6% after hours? What's going on over there? compared to the entire REIT sector i found this rare.
Modelling Asset Backed Securities
Hi all, do you know any good source where I can find more about modelling Asset Backed Securities (and more in general securitized products)? In particular, I am interested in the Waterfall mechanism, even if every deal has its own story. I know that it is mainly done by professionals on...
Would you work for Deutsche Bank ?
Got a call from Deutsche Bank in Florida for a portfolio manager position in their structured lending wealth management COO division. I had read they are trying to grow wealth management division so it makes sense they are recruiting for this now. I’m aware of the recent lay offs and upon doing...
Project Finance - Valuations
Hi Everyone, I recently graduated from non target with dual Finance and Economics degree (3.6 GPA). I got a job at small valuations company (around 100 people). My colleagues keep telling me that this is project finance group. However, from what I read on this forum this is not "real project...
Structured Finance
Is CIB- Structured Finance (RMBS) considered an investment banking position? How is this different from an RMBS trading role? Is it common to switch from residential structured finance (RMBS) to traditional REIB or CMBS?
Structured Finance: Best banks?
Hey all - Haven't seen any recent/comprehensive posts regarding structured finance teams at BBs or other major banks? What are the best ones on the street, in your opinions? I've seen JPM /Citi at the top in terms of volume, but I'm sure there are other characteristics to consider. Currently...
Does Fannie or Freddie Commit Capital in Mortgage Securitization?
When mortgage loans are securitized into MBS , it looks like the mortgages go directly from loan originators through security dealers to the capital markets. So it seems that the funding comes directly from the capital market, and Freddie or Fannie doesn't put any money down in the process. In other...
Structured Product Banks info
I believe the top banks in the structured products space are JP Morgan, Credit Suisse, BAML , and Morgan Stanley. Does anyone have information on these banks and their structured product groups? I currently cover securitized products in a credit role, but am looking to switch to an structured...
Securitized Products Group Discussion
I am interested in the Securitized Products - Investment Banking group. I know that at some banks the group is broken into the warehouse team that helps companies aggregate receivables, and the capital markets team that actually issues the term securitization. Is this similar at all the banks? Is...
Greensill Capital
Greensill Capital, an independent financial services firm and principal investor group, specializes in supply chain finance, structured trade finance, working capital optimization, specialty financing and contract monetization. Headquartered in London, the firm was founded in 2011 by Lex Greensill...
Performance Based Careers
Hey Guys Wanted some advice please. I am looking for alternative positions as hedge against current situation and wanted your input as to what you think I would have a chance at given my experience: 2 years - Middle Office Derivatives 2.5 years - Structured Finance modeling (CLO/CDO) 2.5 years -...
SMBC: Structured Finance Analyst position - Exit ops?
Hello all, I am currently in the process of interviewing with SMBC and their structured finance team (Think ABCP, ABS , CLO's). I am currently in a role where i perform fundamental analysis on companies and want to continue to do that in some capacity in the future. I realize that if get this role I...
CFA® for Structured Finance
Hi everyone, I recently decided to register for the CFA® Lev I exam. I am with a Big4 as auditor, but I might get a job in structured finance, which is a field I worked in the past. I decided to take the CFA® for my own benefit to enhance my financial culture and because one day I would like to be...
Investment Banking at Santander
I saw that Santander does M&A advisory in Europe and Latin America from their website but was curious if they had any investment banking presence in the US. If so what type of deals do they do? Also: from their website they seem to be involved in structured finance and securitization. Can anyone...
Moody's Structured Finance
Hi, I was recently contacted by a recruiter regarding a job in this group, does anybody had an idea how the interview is setup, are there any tests or anything else that should be considered?
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