Wtf is global markets credit
Accidentally applied for one of these roles and got a AC pending this week and have absolutely no clue what these guys even do
Appreciate some guidance in advance.
Trending Content - Investment Banking Forum
| +378 | Don’t work at UBS - UBS Sucks | 37 | 3h |
| +327 | Article - UBS’ Investment Bank Keeps Losing Ground | 41 | 1d |
| +124 | Should My Intern Get a Return Offer? | 45 | 2h |
| +60 | When to Leave Office as Intern | 8 | 4d |
| +55 | Best IB Group Overall? | 32 | 8h |
| +42 | F*ck it I'm Going to Med School | 16 | 1h |
| +39 | Would you rather be a Touse Squid or a Bouse Mogger in IB | 2 | 4d |
| +33 | What do you say to ppl who don’t know EVR/LAZ/CVP/PJT | 28 | 1d |
| +31 | STEM student lost in London IB recruiting | 17 | 2d |
| +26 | [HELP REQUESTED]: Take A2A Promo or Go Corp Dev | 9 | 16h |
Career Resources
We’re probably gonna need some more info to figure it out. Is it credit trading?
‘The team is responsible for managing the end-to-end credit process, from initial due diligence through to underwriting, approval, closing and monitoring.’
An excerpt from the description if that helps
They are counterparty credit. They review trading counterparties for different trading desk and establish trading limits based on counterparty credit risk.
Would you say it’s a middle office role? I had gone in assuming it was like asset backed credit or something along those lines
Depends on the bank, from my understanding most have it grouped within "Front Office" with some interaction with client for request on financials/understanding of strategies etc.
I would say think of it similar to Corporate Banking (Some banks have it grouped under CIB as well) - where its just credit rating and analysis of counterparties. But instead of corporates, you review trading counterparties and set covenants on things like amount of leverage they can take on based on analysis of their performance, AUM, collateral, etc.
Lol bofa? I also have the AC for this and trying to figure out what it is
I’m gonna drop out and do you a favour
Good luck prospect
Not sure if I even wanna do it anymore. Very misleading job title
Probably TD, it’s middle/back office.
BOFA
Must be nice being a target in a 1st world country – getting an AC for something your don't know about
Ut ut quo voluptatem iusto excepturi. Autem qui temporibus tempora maiores sit. Quibusdam quis optio sed in et qui.
Ipsa nesciunt temporibus non ut. Excepturi omnis blanditiis sit id. In sunt quibusdam quis harum. Et est repudiandae facilis modi corrupti repellendus. Aut ut tenetur vel animi omnis. Voluptas rerum sit et distinctio. Rerum blanditiis accusantium quos ipsam nihil.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...