So after working 2 full years at my bank in the Retail Banking Division as Personal banker. I got offered a Credit Analyst Position with their Commercial Bank Division. Now my bank only has three divisions, retail, commercial and Alternative Deposits they don't have an an IBD division.
Their Main business model is to create value by increasing deposits margin and residential loans, and home equity lines of credit. In the Alternative Deposits is by growing Institutional deposits Margins.
In my new Division the commercial division the main focus is the creation of value by maintaining existing commercial customers by extending credit by issuing ABS loans, Revolvers and the issuance of secured debentures with maturities no longer than 90 days. Our Main clients are NYC companies in the mature business life cycle with stable streams of cash flow, high liquidity and low to medium leverage. So my new position basically entails Spreading the Financial Statements of our clients by creating and maintaining financial models , perform credit metrics analysis, do tax returns analysis, examine firms previous credit reports through major credit bureaus, write up explicit credit memorandum based on the findings of the analysis and provide a recommendation and assigned a credit rating based on the bank's methodologies.
So as you can see there is a lot of analytical work, number crunching, financial modeling and due diligence perform on this position can some of the skills acquired at this position help me lateral to investment banking at another firm in a year or so down the road?
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