Job description
We are looking for someone capable of independently assessing the likelihood that a specific instrument or investment product will suffer loss.
This requires analysing, on a deal-specific and structural basis:
- Structural protections
- Subordination mechanics
- Collateral quality and diversification
- Cash flow waterfall
- Legal isolation / bankruptcy remoteness
- Covenants and trigger mechanisms
- Recovery assumptions under stress scenarios
Examples of relevant investment products include:
- NAV facilities
- CLO tranches
- Asset-backed notes
- Rated feeder notes
The successful candidate would join the risk-scoring team and work closely with the Structuring team, while maintaining clear risk independence.
The responsibilities would include:
- Assessing and clearly articulating to the Structuring team the likelihood of loss and structural vulnerabilities of certain investment products
- Participating, in coordination with the Investment team, in discussions with Credit Rating Agencies where required, from a risk and methodology standpoint
- Contributing to the development and enhancement of our internal credit risk scoring and rating models (as bandwidth allows)
The ideal candidate:
- Has strong modelling experience (cash flow / stress / structural modelling)
- Has experience in internal ratings advisory or structured credit risk
- Understands rating agency methodologies and ideally has sat on rating committees
- Has direct exposure to structured products such as NAV facilities or similar asset-backed structures
- Is comfortable challenging structuring assumptions
- Has a governance mindset rather than an optimisation mindset
Relevant backgrounds could include:
- Structured product coverage teams at Rating Agencies
- Rating advisory or structured credit teams at banks
- Fund finance / NAV lending credit risk teams at banks with strong franchises
Extra information
- Status
- Open
- Education Level
- Secondary School
- Location
- City of London
- Type of Contract
- Full-time jobs
- Published at
- 01-03-2026
- Profession type
- Accountancy
- Full UK/EU driving license preferred
- No
- Car Preferred
- No
- Must be eligible to work in the EU
- No
- Cover Letter Required
- No
- Languages
- English
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