Credit Structuring is usually part of the Fixed Income department within the Securities Division. The team is responsible for originating, structuring and distributing products that enable clients to access financing or to invest.
A credit structurer’s role is to structure complex transactions in the credit area and he/she is responsible for managing the whole process from product development, marketing, risk analysis and obtaining approvals. It is also their role to ensure the firm has a complete understanding of the product, ranging from the commercial risks to legal risks and the accounting implications.
A typical day involves talking to everyone from trading to back office support functions around structures to put together products that will work for all stakeholders. There are also plenty of client meetings to market fully developed products. The actual work involves putting together documents (presentations, termsheets, legal documents, etc) that will help to explain the transaction to both clients and internal functions in a clear and concise manner.
Fast paced, high responsibility very early on, good mix of understanding internal functions (trading, risks, legal) and also going out to meet clients and explaining products.