Director, Recovery Analysis-Banking Ratings Group

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Standard & Poor's Corporate Ratings provides credit analysis services for industrial companies, project finance, energy and utility and utility companies. While the capital markets have traditionally used Standard & Poor's credit ratings, the value and information they provided is also used by other financial decision makers, including the loan markets and investors.

Recovery is rapidly emerging as a major area of focus in both cash and synthetic debt markets. Standard & Poor's is seeking a Recovery Specialist Director to capture this market extending beyond our current focus on secured loans and bonds.

The Director will be responsible for assisting the Director in refining and extending methodology for estimating post default recovery on bonds, loans an other corporate debt instruments; prepare research studies on recovery issues and performance across all corporates and high focus sectors and credit comments on issues in recovery; provide resources to keep corporate analysts familiar with current and emerging issues on recovery; develop recovery estimates and analysis for individual high profile credits in priority sectors including all classes of debt. The Director will work closely with Structured Finance CDO and derivative groups to maximize the use of ratings and recovery analysis in Structured Finance Ratings, work closely with Risk Solutions LossStats and modeling efforts to develop most effective use of both data and modeling approaches and develop the surveillance process for broader corporate debt surveillance processes.

The qualified candidate must have an MBA or equivalent degree and 5+ years work experience in corporate Finance with a focus on Credit Analysis. Must have a thorough understanding of credit analysis, strong experience in written post default principal recovery analysis on secured and unsecured debt. Strong written analysis and verbal communication skills are required. Possession of a CFA is preferred.