Analyst - Credit Risk

TwinThread; Mumbai; On-site; INR 700,000 - 1,200,000; Full time

Job summary

TwinThread is seeking an Analyst for their EMEA Diversified Industries Credit Risk team in Mumbai. The role involves comprehensive credit analysis, monitoring portfolios, and collaborating with various business partners.

The ideal candidate should have strong financial analysis skills, ability to work with corporate financial statements, and good communication capabilities. A degree in Finance, Accounting, or Economics is preferred. Join us to be a part of a diverse and inclusive workplace.

Qualifications

• Ability to navigate and interpret financial statements.
• Familiarity with cash flow modelling and valuation methods.
• Good communication skills with decision-oriented analysis.

Responsibilities

• Coverage of a portfolio of EMEA corporate clients.
• Track financial performance updates and liquidity.
• Monitor risk and exposure metrics across counterparties.

Skills

Financial statement navigation

Cash flow modelling

Macroeconomic understanding

Lending knowledge

Communication skills

MS Office expertise

Multitasking ability

Education

Degree in Finance, Accounting, Economics or STEM

Job description

Are you looking for an exciting opportunity to join a dynamic and growing team in a fast paced and challenging area? This is a unique opportunity for you to work in our team to partner with the Business to provide a comprehensive view.

As an Analyst in the EMEA Diversified Industries Credit Risk team, you will collaborate closely with business partners across the region, including Global Corporate Banking, Leveraged Finance and Syndicate, Debt Capital Markets, Sales and Trading, Treasury Services, and Trade Finance. You will conduct comprehensive credit analysis of both Investment Grade and Non‑Investment Grade corporate borrowers, including sponsor‑backed leveraged finance issuers, and work with front office teams to structure a diverse range of credit relationships.

Job Responsibilities

• Assume coverage of a portfolio of EMEA corporate clients across diversified sectors (e.g., Business services, Machinery & Equipment, Transportation, Auto, Airlines, Aerospace & Defence), including grading and reviewing credit risk exposures.
• Track financial performance updates, earnings events, liquidity and covenant compliance, and other developments impacting the assigned portfolio.
• Monitor risk and exposure metrics across counterparties and the portfolio, contributing to sector analyses and early‑warning assessments.
• Participate in due diligence processes for onboarding new EMEA clients (both mid and large Caps) and reviewing existing ones, including preparation and analysis of business models, cash flow generation, debt capacity, and refinancing risk.
• Produce concise and insightful credit memos, articulating recommendations for facilities, limits, tenor, covenants, collateral/security, and inter creditor arrangements.
• Support analysis and approval processes for leveraged finance and lending requests, including RCFs, term loans and bond transactions.
• Develop knowledge of legal documentation for corporate markets and banking products, including credit agreements, bond indentures, inter creditor agreements, and security and guarantee packages.
• Participate in team and department‑level projects to improve processes and drive efficiencies, leveraging AI / LLM.

Required Qualifications, Capabilities, and Skills

• Ability to navigate and interpret corporate financial statements (Balance Sheet, P&L, CF).
• Familiarity with cash flow modelling and valuation methods (including DCFs).
• Broad understanding of macroeconomic and sector factors affecting corporates and leveraged finance borrowers.
• Basic knowledge of lending, capital markets, and derivatives products; familiarity with leveraged finance and covenant structures.
• Ability to establish credibility and trust with internal business partners and credit officers.
• Good communication skills, both verbal and written, with decision‑oriented analysis.
• Expertise with MS Office products, including Excel, PowerPoint, and Word.
• Self‑starting and capable of multitasking, with adaptability to change.
• Ability to efficiently work and engage with colleagues and stakeholders across geographies, including London, Frankfurt, Paris and Mumbai.

Preferred Qualifications, Capabilities, and Skills

• Previous experience in a Credit Risk department or leveraged finance underwriting, including skills in cash flow modelling and financial analysis.
• Familiarity with corporate business models, sponsor dynamics, and covenant packages.
• Knowledge of a second European language (French, German, Italian, Spanish) or working towards / having a professional certification (e.g. CFA, FRM) are considered a plus.
• Degree in Finance, Accounting, Economics or STEM subjects preferred (other subjects also considered).

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.