VP GFRM Credit Risk - Leveraged and Structured/Commodites, USA-NY-New York City
VP GFRM Credit Risk - Leveraged and Structured/Commodites
Company:
Barclays Capital
Location:
USA-NY-New York City
Compensation:
Competitive
Years Experience:
No exp.
Position Type:
Permanent
Employment type:
Full time
Updated:
11 Nov 2009
eFC Ref no:
585241
Main Function Responsible for the effective credit risk management (evaluation of risk/exposure management) of Leveraged/Structured credits within the North American Unregulated Power Generation and Project Finance Sectors, focusing on non-investment grade, financial sponsor driven acquisition and project finance.
Main Function Responsible for the effective credit risk management (evaluation of risk/exposure management) of Leveraged/Structured credits within the North American Unregulated Power Generation and Project Finance Sectors, focusing on non-investment grade, financial sponsor driven acquisition and project finance.
Main Duties Prepare and oversee / add value to credit papers and industry reviews Present larger / complex credit issues to the relevant credit committees and management Perform deal specific due diligence on energy sector transactions, including operations, contracts, financial models, etc. Engage with Legal, Leveraged Finance, and Commodities to structure satisfactory credit terms in lien-based secured lending and trading documentation. Maintain integrity of credit risk function whilst ensuring that the team continues to fully support Front Office relationship and sales staff Where sector difficulties or client specific difficulties are identified, provide hands-on support to the team to ensure that appropriate action is taken to mitigate credit risk Development of personal contacts with all product teams and related support functions Manage, train, and develop junior credit officers Supported by the use of both internal and external financial models, the candidate analyzes: (1) the probability of default of the client based on its capitalization structure, ability to generate cash flow to meet debt requirements, and (2) the loss given default/probable recovery of the principal due under the contract. The analysis to be performed for each transaction entails a thorough review of the client historical operating performance (analysis of balance sheet, cash flow and income statement), ability to achieve projected future results based on a set of variables (including, but not limited to, market conditions, regulations, competition…), review and guide the negotiation of legal documentation with a specific focus on credit terms.
Person Requirements Degree in finance or other comparable field. MBA preferred 5-7+ years experience in a commercial or investment bank covering project finance and the unregulated power sector. Strong knowledge of Loan, High Yield and derivatives documentation. High degree of proficiency with worksheet-based financial modeling and analysis of financial projections Strong verbal and written presentation skills
