Credit Risk Management - Any insight on hours of lifestyle?

I'm looking into risk management, specifically with a BB. I've searched through some threads but It looks like not a lot of people here went down that road. I'm talking about credit risk not market risk.

Any insight? hours/lifestyle/pay/exit opportunities?

From what I've learned so far...

Hours 9-6ish?
Pay lower than street - how low? how is pay progression?
lifestyle culture - middle/back office
exit opportunities to f500 corporate development, PE/VC?

Thanks

Comments (88)

May 24, 2011 - 10:29am
riskneversleeps, what's your opinion? Comment below:

Hours - 9-6 is a fair estimate, depending on function Pay - depends on city, but lower than IB base, and much lower bonus (10-15% maybe). Risk is a cost center. Lifestyle - more laid back, middle, closer to back office, depending on function Exit opps - corp finance, others require more networking and effort

Feel free to PM for more info.

May 24, 2011 - 1:04pm
Severus, what's your opinion? Comment below:

Interviewed for this position at a top BB (GS/MS/JPM), definitely not back office. It's middle office, but probably closer to front than back. Base pay was same as IB I believe, bonus significantly less but still decent. Hours could be variable depending on group. No idea about exit ops

May 26, 2011 - 2:12am
haddoxerik, what's your opinion? Comment below:

Credit risk is most simply defined as the potential that a bank borrower or counterparty will fail to meet its obligations in accordance with agreed terms. The goal of credit risk management is to maximize a bank's risk-adjusted rate of return by maintaining credit risk exposure within acceptable parameters.

http://www.southptc.com/title-company-miami.html
May 29, 2011 - 7:29am
fbova, what's your opinion? Comment below:

Well, I don't know much about employment conditions and opportunities, but you should know that there are new counterparty credit risk management software today, and learning how to use one or two might boost your chances of getting a better position (or at least, a better-paying entry-level position).

http://quartetfs.com/activepivot.php?sec=Counterparty%20Credit%20Risk
Jun 1, 2011 - 4:16pm
electriclighto, what's your opinion? Comment below:

You can feel free to PM me for more info, but credit risk is a good "lifer" type job imo. Base pay the same as IB (at least at BBs), bonuses will be at most half of the IB (if you are top performing), and hours will generally be 9-dinner time. Sometimes you will stay late to get an internal approval in place, and weekends are generally free. You do have some exposure to bankers, but almost zero client interaction. The pay difference widens as you become more senior.

Exit opps will be aligned towards anything debt related, for example a distressed debt HF or something, but those are still harder to get than someone coming from IB. I have seen some credit risk people lateral into a banking or equity research type role, some even to trading, but it is much harder to do than if you are in IB already. PE opps are virtually nil.

On the flip side, if you are looking to MBA, being in risk management still places you in the "finance" bucket but gives you more time to do your applications.

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Jun 23, 2013 - 5:32pm
wallstreetjungle, what's your opinion? Comment below:
electriclighto:

You can feel free to PM me for more info, but credit risk is a good "lifer" type job imo. Base pay the same as IB (at least at BBs), bonuses will be at most half of the IB (if you are top performing), and hours will generally be 9-dinner time. Sometimes you will stay late to get an internal approval in place, and weekends are generally free. You do have some exposure to bankers, but almost zero client interaction. The pay difference widens as you become more senior.

Exit opps will be aligned towards anything debt related, for example a distressed debt HF or something, but those are still harder to get than someone coming from IB. I have seen some credit risk people lateral into a banking or equity research type role, some even to trading, but it is much harder to do than if you are in IB already. PE opps are virtually nil.

On the flip side, if you are looking to MBA, being in risk management still places you in the "finance" bucket but gives you more time to do your applications.

Thank you for your input. You know what the base+bonus range looks like in credit risk at the VP/Director/MD level?

Aug 21, 2013 - 11:13pm
electriclighto, what's your opinion? Comment below:

I wish I had more insight on salaries at a more senior level, but from my risk MD had told me (when I still worked there) was that the base wasn't as high as a similarly tenured banker would make, and certainly not the bonus, but it was a cushy "9 to 5" ish job at that level whereby you can live comfortably. It's more of a lifer job than ladder climbing.

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Aug 30, 2013 - 6:00am
euinvestor11, what's your opinion? Comment below:

Question: Does a credit risk career differ across banking sectors? Say between Investment bank, and Consumer Finance (loans, mortgages), to corporate banking (Equipment finance, middle market loans, project finance, export finance, and the rest) ?

Excuse my ignorance but I am still learning about banking and pretty clueless about what constitutes a solid career across the field. In my experience in consumer finance, a credit analyst is what I would call "middle end" and defo involved in deals (obviously as managing risk of specific deal, underwriting it and so on), while I hear the role is completely different in M&A / IB.

Can anyone clear the mist and explain what is and isn't ?

Sep 5, 2013 - 11:18am
electriclighto, what's your opinion? Comment below:

It depends on how the bank treats the credit risk team. For the most part, risk isn't going to be involved in the weeds on a M&A deal (for instance, valuation, negotiating, etc). Obviously a large deal will involve credit, for the aspect where it is raising revolver or term debt and it will need to be approved up the risk chain under a certain period of time. Beyond those portfolio products, I don't think risk will be involved more than that. Maybe a little ABS but more banks with a robust risk group will also have a separately robust ABS team.

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Sep 5, 2013 - 11:20am
WegmansTuna, what's your opinion? Comment below:

This was a predicament when I chose to go with a Boutique for S&T as opposed to a top BB for Market Risk.

At the end of the day, I don't think bonuses will ever converge between FO and Risk. I think that Risk Managers are probably underpaid relative to Traders/Bankers for the work that they do and the responsibilities that they take on, but to make money in this industry you need to take risk, not manage risk. Period.

There are trade-offs of course: quality of life, less stress, more job stability, etc... I think it's solely up to personal preferences. But I will say that Risk is definitely not a bad role, especially in this tough job market.

Sep 5, 2013 - 11:21am
slik vik, what's your opinion? Comment below:

i am currently doing a credit risk summer at a top BB and was really surprised that the people there pull some serious hours - like 8am to 10-1 on a regular basis. heck even i did 8am to 8pm on my first week.
isn't this reflecting the growing importance placed on risk management and, thus, equating to higher compensation? my MD was telling me that he's seen a stark difference btw the importance given to CRM now compared to a year or 2 ago. but yea the experience is really awesome - i would def recommend any rising sophs/juniors to take a look at risk management. i am doing very legit work - modeling, stress tests, writing complete research reports (i.e. rating own internal exposure to counterparties) pm me if you want more info

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Sep 5, 2013 - 11:22am
peanutrisk, what's your opinion? Comment below:

Hey slik,

I am actually pretty interested in CRM. I have just recently been exposed to this field through my current internship. I am however not at a BB, but at one of the GSEs. I can tell you that it is quite an interesting time and experience.

I was wondering if you could talk about your day to day and I guess in depth of what type of work you do.

Thanks

Sep 5, 2013 - 11:23am
slik vik, what's your opinion? Comment below:

so this is my 2nd week of the internship and its really awesome. my team covers munis and we work with the public finance group and s&t on a regular basis. right now we're "managing the risk" of a huge bond issuance in which i am doing all sorts of modeling (dcf, lgd, pro forma) and stress tests to see different types capital scenarios and debt service coverage levels they would need so they wont default. we also went on a series of meetings with ibd and the municipality trying to find out as much of their exposure and risk. there are a ton of other stuff that i will be doing that i haven't even touched upon yet.

another part of my day to day activities is that we have to write research reviews on ALL of our counterparty exposures - i.e. write a report on our exposure to GM/detroit etc. and internally rate the debt/exposure by doing due diligence and a shit load of research. after doing the research we let traders/sales teams or bankers know whether or not we feel safe with the exposure.

i don't do any 'shitty' work like filing/copying and printing shit all day/ or just 'assisting'

i am doing the modeling, writing the research reviews and doing a lot of due diligence (contacting and interviewing internal research analysts/municipalities/s&p/moodys). you get really well versed in munis or whichever sector you're covering. the guys here are intense, they know more about detroit or california than many of the seasoned professionals at these municipalities.

the hours are actually kinda wild - last week i did 8am to 8pm everyday, except for friday when i left at 6.

this week has been bad - 8 to like 9/10pm but thats because of the bond issuance we're working on. and believe me there are PLENTY of networking opportunities, the entire public finance group knows me pretty well already. to be honest with you, CRM to me doesn't exactly feel like middle office - my experience is definitely more front office oriented.

please let me know if you have any other questions.

Sep 5, 2013 - 11:24am
BlueHorseShoe, what's your opinion? Comment below:
slik vik:
and believe me there are PLENTY of networking opportunities, the entire public finance group knows me pretty well already. to be honest with you, CRM to me doesn't exactly feel like middle office - my experience is definitely more front office oriented.

I would like to point out that middle office/back office work isn't necessarily defined by shitty work like filing/data entry.

Front office work would consist of a client facing role, and I don't think that you have much of a chance to face external clients in CRM. You do work with front office groups (eg. public finance & traders/salesmen), but are monitored by the back office. In this way, I think CRM is more middle-office work.

Don't confuse my point, working in CRM may be very exciting/rewarding, but I think it would be misleading to call it a front office experience.

Of course, feel free to disagree with me.

"I'm not sure what the four 9's do, but the ace, I think, is pretty high."
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Sep 5, 2013 - 11:25am
slik vik, what's your opinion? Comment below:

to bluehorseshoe: this past week i've been to atleast 3 meetings with clients (and conference calls), with more coming up tomorrow and the rest of next week. i am not sure if this is the norm, but there are definitely client meetings that we are involved with. we were asking the municipality some due diligence questions and trying to work with them on how to mitigate risk.

Sep 5, 2013 - 11:26am
Mainstreet_wallstreet, what's your opinion? Comment below:

My internship is currently in a MO group, and we have constant day to day contact with both traders and the clients that the sales department deals with. It's become very clear the diffrence between BO/MO/FO where many people who work in the FO do not see it, but it is very apparent.

Sep 5, 2013 - 11:28am
SHA1991, what's your opinion? Comment below:

Bump for new info. How has Risk changed since the crisis? Is it more respected, leading to higher compensation? Even though it's smaller than IB, are analysts guaranteed to get bonuses?

Sep 5, 2013 - 11:30am
nkots, what's your opinion? Comment below:

I don't think it's that much.

Best Response
Sep 5, 2013 - 11:31am
teddythebear, what's your opinion? Comment below:

Are credit risk salaries as high as IBD?? (Originally Posted: 01/30/2013)

My brother just told me his friend got offered a CR analyst position at Barclays. He told my brother the pay is going to be $80k+ and they get bonuses as well. I don't fully understand how the salary can be this high, isn't credit risk a back office function? I was just very surprised to hear this.

Array

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Sep 5, 2013 - 11:35am
NorthSider, what's your opinion? Comment below:
LHDan:
That's odd. My understanding was the the base was the same as IB and that bonuses were considerably lower.

Echo this. BBs pay the same base salaries to all the entry-level people, the bonuses are where the deltas open up. If he came in at $80k, he's either counting his sign-on bonus or is coming over as a second-year.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
  • 1
Sep 5, 2013 - 11:36am
teddythebear, what's your opinion? Comment below:

He is a first year analyst, coming out of undergrad.

Array

Sep 5, 2013 - 11:39am
NorthSider, what's your opinion? Comment below:
Whiskey5:
Base is 70 + 10 signing bonus. Very standard among BB banks for FO and MO functions. Depending on where you are, CR is considered to be FO.

Yes bonuses are "smaller" but it is also a "I want a career out of this" type of position rather than the 2 year and out model.

Agree that the 70 + 10 makes sense, but I think the OP was under the impression that he/she was talking about 80k base, which isn't the case for a first-year.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
  • 1
Sep 5, 2013 - 11:40am
teddythebear, what's your opinion? Comment below:

So if 80k is total with signing and performance bonus. I am assuming the base is around 65k then? This make sense then.

Array

Sep 5, 2013 - 11:42am
NorthSider, what's your opinion? Comment below:
TeddyTheBear:
So if 80k is total with signing and performance bonus. I am assuming the base is around 65k then? This make sense then.

I'm assuming the 80k is without performance bonus. 70 + 10, plus a 10-15 performance bonus at year end.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
Sep 5, 2013 - 11:43am
reformed, what's your opinion? Comment below:
TeddyTheBear:
So if 80k is total with signing and performance bonus. I am assuming the base is around 65k then? This make sense then.

No way is all in only 80. Could be as high as 70 + 10 + 40

Product control and accounting policy positions can pay 80 all in straight out of undergrad. Risk has to be higher.

Array
Sep 5, 2013 - 11:45am
teddythebear, what's your opinion? Comment below:

Ok if this were true, then a 1st year analyst in CR is making six figures. Hell this is more than 1st year in IBD. If these guys are really making this much money, why not just go for a CR job then. Aren't the hours less as well? Anyways I am confused now, I guess my perspective on CR was way off, I was honestly expecting all in much lower than what you guys are saying.

Array

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Sep 5, 2013 - 11:47am
NorthSider, what's your opinion? Comment below:
TeddyTheBear:
Ok if this were true, then a 1st year analyst in CR is making six figures. Hell this is more than 1st year in IBD. If these guys are really making this much money, why not just go for a CR job then. Aren't the hours less as well? Anyways I am confused now, I guess my perspective on CR was way off, I was honestly expecting all in much lower than what you guys are saying.

There's no reputable firm on the Street that's paying CR analysts more than IB analysts.

First-Year IB: 70 + 10-12.5 + 35-65 First-Year CR: 70 + 10 + 10-15

The reason why people choose IB over CR is because of the income trajectory. IB analysts are on a steep upward pay curve compared to CR.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
  • 2
Sep 5, 2013 - 11:49am
teddythebear, what's your opinion? Comment below:

Not actually worried about anything, just surprised. I was just curious to know since I rarely hear about CR.

Array

Sep 5, 2013 - 11:48am
GuerreroZaragoza, what's your opinion? Comment below:

Credit exit opps?

"Come at me, bro"- José de Palafox y Melci

Sep 5, 2013 - 11:51am
jkmonkey, what's your opinion? Comment below:

confirming 1st year base 70k + 10k signing bonus. bonuses are definitely almost banking. my 1st year was 70k + 10k + 40k perf bonus (middle bucket), top buckets can hit 50k+ depending on which firm you're at for a 1st year.

and yes the hours are much better than banking. the exit opps, not as varied and open though.

Sep 5, 2013 - 11:52am
jkmonkey, what's your opinion? Comment below:

credit exit opps = credit funds, credit research, mezz funds, distressed shops if you got a lot of high yield experience, restructuring banking, IBD

Sep 5, 2013 - 11:54am
Scandal, what's your opinion? Comment below:

I didn't know FO LevFin WASN'T IBD. Guess I should rethink my preftige ratings.

Calm down.
  • 1
Sep 5, 2013 - 11:55am
mudkipz, what's your opinion? Comment below:

i think this depends on type of credit risk - if u r credit risk for the firm u basically manage their loans/invest for them, so salaries tend to b higher - credit risk for an ibanker is more like a credit analyst, which still pays well but a bit under ib

And ppl who talk about earnings trajectory...u do realize most ppl move out after 2 years so that's irrelevant.

"so i herd u liek mudkipz" - sum kid "I'd watergun the **** outta that." - Kassad
Sep 5, 2013 - 11:56am
yeahright, what's your opinion? Comment below:

Almost all MO functions pay like this, not just credit risk. Risk Management, Treasury, Corp Strategy, Legal/Compliance all pay $67.5-72.5k base depending on which BB you are at. Then there are varying compensation methods depending on the BB.

For example, some BB's pay OT after 40 hours for these positions but you do not get a year end bonus. Other's don't give OT but pay a bonus. Signing bonus is standard for these.

All-in, these positions average about $85k with certain groups being higher such as IB Risk or the Control Room.

Hours can range from 40 on the dot for something like country risk or trade surveillance to 70 for the higher compensated ones.

Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
  • 2
Sep 5, 2013 - 11:57am
ElijahPrice, what's your opinion? Comment below:

Credit Risk Management - What are the exit opps? (Originally Posted: 06/08/2010)

A contact of mine has offered to get me into Credit Risk Management at a well known BB. What are the exit opportunities for this job? Eventually I'd like to move into Trading or PM. Right now I work in Middle Office at a MM bank, so I need to leave ASAP. I started this year, so it cannot look like I'm job hopping. The Risk Management job has a much higher comp though - maybe over 50% higher than my current all-in.

  • 1
Sep 5, 2013 - 11:58am
Matty-Matt, what's your opinion? Comment below:

Exit opportunities for CRM depend on what work you're exposed. Some banks house the function on the banking side and you're working with IBD on performing credit risk analysis on the deals that come through the respective industry groups. You'll be aligned just like they are and will routinely provide the terms by which IBD can move forward on deals (with respect to Credit terms). However, if you're aligned by products, you'll be working with/for Sales & Trading. That job tends to be much more process-based and operationally-heavy.

Exit opportunities on the industry-side are typically to banking or investment funds. But since the work that you're doing is tied to the bankers, you actually do have quite a few options after CRM.

However, coming from the product-side, your options may tend to be a bit more limited. You could move to Sales & Trading or some other capital markets role, but that's typically it. I haven't heard of anyone jumping ship and heading to a HF - unless of course it was a middle office role.

Sep 5, 2013 - 11:59am
ElijahPrice, what's your opinion? Comment below:

Sorry, forgot to mention - In this role, I'd be working with the Fixed Income Research team.

Sep 5, 2013 - 12:01pm
topper007style, what's your opinion? Comment below:

Credit risk is the bread and butter of rating agencies. If you're looking for a cushy job with about 150k and great benies after you get out, look no further than Moody's or S&P.

Sep 5, 2013 - 12:02pm
88888, what's your opinion? Comment below:

Credit Risk Analyst help (Originally Posted: 03/26/2011)

I was wondering if anyone had any insight for the exit opps for a BB credit risk analyst, not in a major city. I'd like to eventually move into IBD or/then PE. Any advice would be appreciated, here is the position description...

Description: -Risk assessment and credit analysis of existing relationships including periodic review of financial results and statements to monitor operating performance, liquidity position and financial condition, peer analysis, and preparation of financial projections and sensitivity analysis. -Conduct industry reviews and identify trends and risk drivers in particular sectors -Assist in periodic portfolio reviews testing for industry, sector and obligor concentrations and assist in meeting ad-hoc Regulatory Requirement needs -Proactively monitor credit exposure, undertake analysis / investigation where required to ensure exposures are properly reported and exceptions resolved -Maintain a high degree of understanding of internal credit policy and reporting requirements -Manage assigned projects in a timely manner, ensuring accuracy and that deliverables are met

Sep 5, 2013 - 12:03pm
KevinNYC, what's your opinion? Comment below:

Debt Capital Markets would be a good change, so would doing flow trading for a debt desk -- a risk background is great on a desk. Have you explored opportunities internally within your bank? Feel free to send me your resume for a little more pointed advice...

Sep 5, 2013 - 12:04pm
88888, what's your opinion? Comment below:

This is a FT offer i just got, have not accepted yet. One of my worries is that its not exactly what I want to do and feel that there may not be enough movement after.

I'm graduating in May and don't have much time to decide on this offer, but i'm still in the process of interviewing with other firms. I don't want to turn it down and be left with nothing, but don't want to accept only to get a much better offer.

Sep 5, 2013 - 12:05pm
ggnowad, what's your opinion? Comment below:

Credit risk - Typical credit risk bonus numbers? (Originally Posted: 03/19/2010)

Hi everyone,

Does anyone know what are some typical credit risk bonus numbers are like at French banks (ie SocGen, BNP, Calyon)? What about bonuses for a boutique/mm Canadian firm in equity research (ie Genuity, Cannacord)? I'm referring to NYC numbers for both.

Would these be good routes to end up in credit research one day?

Thanks for the replies.

Sep 5, 2013 - 12:07pm
lotus6, what's your opinion? Comment below:

Credit Risk - Any credit risk management bb? (Originally Posted: 06/02/2008)

Can anyone help me out with some info on Credit Risk Management at a BB. I'm more looking for info on pay and hours at the associate, vp, etc level.

Sep 5, 2013 - 12:08pm
gargon, what's your opinion? Comment below:

At one BB that I am aware of, associate comp in CRM tracks IB comp because they are competing for the same group of associates. Base is the same; bonus may be marginally lower but not significantly so. Hours are better in CRM; it is very rare that you will be pulling all-nighters. At the associate level, expect 12-14 hour workdays with the occasional weekend work (once or twice a month, Saturday or Sunday but not both).

Not sure what comp and hours are at the VP level and above. I expect it to be lower, but not sure how wide the gap is.

Sep 5, 2013 - 12:12pm
the magnum, what's your opinion? Comment below:

Credit Risk Management - Just received an offer (Originally Posted: 04/16/2012)

I recently received an offer for credit risk management at a BB. I would ultimately like to pursue investment banking, and this is my only real offer. I'm going to take it, but I'm just curious if this is a position that I could leverage for full time banking recruitment.

To give you an idea, credit risk kind of acts like an internal ratings agency. I was also told that I will do a ton of industry specific research and that I may even be a part of the underwriting process.

Sounds like something I could work with for full time IB recruitment?

Sep 5, 2013 - 12:13pm
Twigga, what's your opinion? Comment below:

I've seen quite a few people make the move from credit to IB. It really depends on the job functions get to do in the credit department, as it can vary substantially.

Sep 5, 2013 - 12:15pm
Binary_Bankster, what's your opinion? Comment below:

Be glad you got an offer man! And yeah internal movement is possible with CR

I'm gonna get that bish some binary Bishes love binary --------- Kind Regards, Bin_Ban
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Sep 5, 2013 - 12:16pm
Binary_Bankster, what's your opinion? Comment below:

Also please....

.

stay safe

I'm gonna get that bish some binary Bishes love binary --------- Kind Regards, Bin_Ban
  • 1
Sep 5, 2013 - 12:23pm
Jimbo, what's your opinion? Comment below:

risk can work long hours

Sep 5, 2013 - 12:26pm
student22, what's your opinion? Comment below:

i think it is good, it seems to be a combined role.. ordinary credit risk mgt in addition capital structure and ratings advisory

at JPM/ML/Citi capstructure & ratings advisory is in IBD...

GS is currently ranked nr 1 for LBOs... I assume you will see many deals and gets lots of experience

I was told they work till 0300...no weekend off

Sep 5, 2013 - 12:27pm
desemparee, what's your opinion? Comment below:

What are your options once you start working full time in for example credit risk? In general: how easily do people move from one division to another? Is that even possible?

Thanks!

Sep 5, 2013 - 12:28pm
tubs, what's your opinion? Comment below:

i know few traders that moved from Credit Risk Control to where they are now. It might be a good place to start, especially as an intern because it gives you a broad overview of different sectors of the bank. If there ever was such things as "middle office" I would say Credit Risk was it.

You want to be careful, however, because sometimes, when you work in credit, you become "the credit guy" and you don't want to be that guy, or you will be doing credit for the rest of your finance career. For some people that isn't as terrible as others might make it seem.

Their hours, from what I've seen really depend on the group and number of clients. I've spent time w/ an MBS and ABS group, and they were in at 8:30 out by 5:30. But the Hedge Fund Group was in at 9:00 and out around 7:00, on average, but all nighters are not uncommon.

Side note: Writing credit reviews can be extremely boring.

Sep 5, 2013 - 12:29pm
al374, what's your opinion? Comment below:

What is credit risk management? (Originally Posted: 07/09/2010)

Just wanted to get a little insight on what the credit risk management group does? Is it more corporate finance or just financial statement analysis? Also, what would be the typical work for an entry level analyst in the group?

Sep 5, 2013 - 12:30pm
Zalfor, what's your opinion? Comment below:

It's both financial statement analysis and corp. fin.

Basically, credit looks at the default risk of specific companies within each group. If the company has to do transactions or have deals with counterparties, they want to know the default risk so they can buy protection or somehow mitigate that risk.

Typical work for an entry level analyst would be similar to what an investment banker does, run over financial statements, a little bit of modeling, looking at company filings, and in general listening to your boss. Just maybe a little more in depth and not as deal-oriented.

Sep 5, 2013 - 12:31pm
ps125, what's your opinion? Comment below:

I recently took an offer from a mid market commercial bank with 2 different credit groups. The first one seems more similar to what you're describing. I would like to know what the CRM description implies. Below are the 2 descriptions. Thanks.

Mid Market Bank

Business Credit Business Credit is one of the nation's top senior secured lenders, utilizing clients' accounts receivables and inventories to provide flexible financing solutions. The Group serves middle market companies around the country and across a wide spectrum of industries with financing solutions ranging from $7 million to $250 million. We currently provide over $10 billion in financing commitments to more than 500 companies nationwide. Business Credit provides creative credit solutions to its clients, which include financing for working capital, growth, mergers and acquisitions, restructurings, recapitalizations, turnarounds, leverage buyouts and management buyouts.

CRM Credit Risk Management Group works in conjunction with sales and product groups within the bank to understand, measure, price and monitor risk. The goal of the Group is to establish an appropriate credit risk environment; operating under a sound credit-granting process; maintaining an appropriate credit administration, measurement and monitoring process; and ensuring adequate controls over credit risk. Credit risk is not only managed at a transaction level but also as an entire lending portfolio.

Sep 5, 2013 - 12:34pm
poprockpop1, what's your opinion? Comment below:

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Sep 5, 2013 - 12:38pm
cakepie, what's your opinion? Comment below:

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Sep 5, 2013 - 12:35pm
cakepie, what's your opinion? Comment below:

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Et reprehenderit explicabo ut accusantium. Et nostrum minima nihil omnis. Praesentium animi mollitia quis possimus repellendus dicta. Culpa cumque ut enim corporis consectetur. Enim quisquam architecto architecto aut. Tempore exercitationem distinctio praesentium praesentium ut minus.

Tempore ipsa nobis corrupti ut soluta quia. Aut dolores omnis placeat ullam omnis eveniet. Optio sint quos ex eius est recusandae. Tempore eos ducimus aut labore est et.

Quaerat distinctio in animi unde exercitationem accusamus sit neque. Deserunt quia repudiandae rerum debitis ut voluptatem quia. Debitis ut qui eveniet.

Sep 5, 2013 - 12:36pm
clammers1234, what's your opinion? Comment below:

Delectus dolor non hic et aut blanditiis vitae quam. Cum unde est quam corrupti. Excepturi totam libero eveniet consectetur architecto. Aliquid excepturi modi ut perspiciatis. Quibusdam neque sit et aliquid sed. Beatae maxime provident quisquam aut exercitationem. Atque quia error occaecati quisquam quaerat.

Praesentium perferendis optio nemo similique dolor culpa sit ipsum. Aut doloremque iusto doloribus libero beatae. Sed eaque voluptatem animi sapiente.

Eos sunt quo et. Quos non omnis autem error culpa sit. Eos laboriosam quis aspernatur iste.

Sep 5, 2013 - 12:37pm
Luis Carruthers, what's your opinion? Comment below:

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Est velit voluptas accusantium praesentium. Laboriosam nemo delectus laborum consequatur. Cupiditate a consequuntur architecto iure quia in iste.

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Career Advancement Opportunities

October 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (= =) 99.2%
  • Bank of America Merrill Lynch (▲04) 98.9%
  • Financial Technology Partners (+ +) 98.5%
  • Evercore (▽02) 98.1%

Overall Employee Satisfaction

October 2022 Investment Banking

  • Jefferies & Company (▲12) 99.6%
  • Evercore (▲03) 99.2%
  • Greenhill (▲06) 98.8%
  • PJT Partners (▽02) 98.5%
  • Macquarie Group Limited ABN (▲21) 98.1%

Professional Growth Opportunities

October 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (▲03) 99.2%
  • PwC Corporate Finance (▲12) 98.9%
  • Bank of America Merrill Lynch (▲05) 98.5%
  • Houlihan Lokey (▲05) 98.1%

Total Avg Compensation

October 2022 Investment Banking

  • Director/MD (10) $613
  • Vice President (38) $392
  • Associates (211) $257
  • 2nd Year Analyst (131) $163
  • 3rd+ Year Analyst (19) $160
  • 1st Year Analyst (441) $150
  • Intern/Summer Associate (83) $150
  • Intern/Summer Analyst (320) $92