Lateral Opening - Need Help!

Hi all,

Got this job description - wanted to get insight into what this role entails. Any help would be greatly appreciated - I'm pretty new to the whole trading floor/Securities scene, so please be gentle :/

"This role performs a risk management function for the Securities Division.

We oversee a multi-billion dollar risk book of secured and unsecured corporate debt across sectors spanning from IG to Distressed. When necessary we also represent the firm in workout/bankruptcy scenarios. We are generally on the public side of the information wall although do, under certain circumstances, receive syndicate or non-public information. The credit analysts are responsible for following their names, updating management on any material events and developing recommendations regarding addition/subtraction of hedges, candidates for sales and target prices

Preferred Qualifications:
• Robust financial industry experience
• Background in credit analysis and ability to analyze a corporate balance sheet
• Evaluate credits on firm's balance sheet and hedge extant positions
• Monitor positions including corporate bonds, bank loans, revolvers, credit derivatives
• Excellent communication skills and ability to interact with multiple constituents around the firm
• Strong Excel and modeling skills