Our clients can continue to monitor their exposure to negative rating agency action and supply chain shocks through our CSC monitoring services for small corporates and structured securities.
Working at Credit Spectrum was a great opportunity for me because I had been trying to break into the structured finance world for a long time. I learned a lot from my supervisors and their colleagues, who are experts in structured products. As the ABS market becomes more transparent, the demand will be much higher for experienced and knowledgeable people. The Credit Spectrum training process is hard but very useful. Once you get through it though, you are one step closer to success.
2017/01/19 – 2017/02/15
As a Data Science Analyst Intern at CreditSpectrum, I focused on structuring design of ABS, a growing financing sector. I built a cash flow models and VBA code to run Monte Carlo simulations, ran sensitivities and extracted risk metrics like EL, WAL and ratings, analyzed patterns and modeled the impact of different forms of credit enhancement.
And I learnt some important lessons. When you dig deeper, you discover there is more to learn. The more you probe, the more proficient and familiar you become. Pay attention to details. In modeling and coding, there is usually only one way to make all the things correct but many ways to generate errors. Any tiny error may cause the model to not function!
2019/03/25 – 2019/04/19
I had a great time at CreditSpectrum and enhanced myself a lot in that period. If saying a sentence to the audiences, it must be "CreditSpectrum is a small company but with large potential, innovation and will equip you with skills needed for your next career. "
2018/11/19 – 2018/12/14
The experience of working with CreditSpectrum not only helps my technical skills improvement but also helps built confidently for myself in my career life.
The project I did, Data Validation, is the first task that I finished individually after I graduate and I noticed that how those skills I have learned from school could be manipulated in the actual working environment. I learned a lot during the 4 weeks internship.
Thanks for all colleagues and managers’ help and appreciate the opportunity.
2018/11/05 – 2018/11/30
The internship with CSC enabled me to gain a systematic understanding of Asset-Backed securities. The training was well-structured and was delivered in a clear manner. Linna led me through the internship with great patience and adequate guidance. I sincerely enjoyed the opportunity to work with the team.
2018/07/16 – 2018/08/10
The Credit Spectrum internship training program familiarized me with legal and technical aspects of ABS. Building financial models and conducting intensive research on real-life ABS deals shaped me into a better student as well as a better intern. It has also been interesting to meet and to work with other interns from different backgrounds. Overall, this internship at Credit Spectrum has been a very rewarding experience.
2018/07/16 – 2018/08/10
Interning at Credit Spectrum has been a great experience. The training sessions are well designed, the mentors are approachable and helpful, and the tasks given to us further broaden my understanding of ABS. It's a great place to learn about the finance industry and a great starting point of my career.
2018//07/16 – 2018/08/10
It is a great training and working experience in CSC. We got a chance to learn about credit rating method, Cash Flow Model, Monte Carlo Method, Scenario Test and REITs industry. Overall, we have learnt a lot and also see a new potential career path.
2018/07/09 – 2018/08/10
I deeply enjoy doing quantitative and researching work at CSC. People here are nice and friendly, and they are never hesitated to offer help. Here, I learn financial knowledge, get inspired, make friends...It is an incredible experience.
2018/07/09 – 2018/08/03
At Credit Spectrum Corp., I gained experience and knowledge of structured finance and credit rating that I never had before. Initially I struggled with the cash flow model but it turned out to be very useful for building Excel skills and basic VBA language. In my final research project, I studied REITs field in both Chinese and USA markets and explored areas that I would love to focus on in future. And, I made some new valuable friends.
2018/07/02 – 2018/07/27
I feel that I really learnt a lot of new things about structured finance during my time here, and more importantly, this experience gave me a taste of practical modelling with spreadsheets and programming, which enriched my learning process. I had never realized how complex the specific field of structure finance could be before I came here. This is an entrance to the world of risk, as well as an opportunity for improvement and exploration, by pushing oneself forward step by step.
This is the best internship experience I’ve ever had. With almost no finance background, I can easily get into it with some preparation. We can actually do something such as Cash Flow Modeling, Monte Carlo Simulation, and even actual cases. Intensive, but fulfilling!
2018/05/07 – 2018/06/01
I’ve learnt a lot about structured finance starting from a zero finance background. The internship is fast-pace and self-driven, with mentors on the side when you need help. Structured finance is a very niche area and there are very few opportunities to work on it. I’m really glad that I have such an opportunity to learn about this new area of finance that has not been explored much, and actually do real deals about US and China automobile loans.
2018/04/30 – 2018/05/25
I hold the work of R&R in the highest regard, because it’s creative finance, and it works.
[Forensic Finance: Cases and Workouts, Hong Kong UST] is an inspiring course that trains our critical thinking. I treasured the debating experience and learned so much from our fellows with different backgrounds.
As an intern (2012) I was constantly immersed in the language and logic of structured finance. Whenever a project reached a milestone or hit a snag, we all got together to consider it and share our ideas.
I first met Ann and Sylvain in the early 00s when I was running a noncredit program in finance at NYU SCPS and they came to teach for us. At the time we had a single course on structured finance in our corp fin certificate program. They created for us a six-course Certificate in Structured Finance program that made you think hard and work hard and “inhabit the space” of valuation and securitization. A real new world; students were thrilled.
Credit scoring, cash flow modeling, security rating/valuation and real-time surveillance: a comprehensive platform that works on all types of collateral and is user-friendly. Best of all, it ties out our unique value strategy in Asian mezzanine/equity risk.
We consider them our third-party independent advisers/consultants. We present a case to them, and then we let them shoot at it.
This is what Mori Batagva, President of ERM Risk Academy in Boulder, Colorado, recently had to say about our second book, Elements of Structured Finance: “One of my ex-students just started working for a large commercial bank in structured finance. His boss hands him a book and says ‘this is all the training you’ll ever need’. The book was, of course, Elements of Structured Finance. Way to go guys!”
CSC is the only producer of global credit information that meets the Five-Eye standard:
Integrity: CSC credit information is used by a wide spectrum of clients of different strategies, backgrounds and perspectives investing in credit instruments. They all rely on CSC to maintain high standards of consistency, accountability and accuracy. For this reason, we place our integrity above all other commercial concerns.
Insight: CSC’s mission is to shed light on value, especially in nonstandard credit market sectors where structural complexity and data scarcity are ex-ante part of the risk.
Independence: CSC is committed to keeping our information free of conflicts arising from political and commercial pressures, and to abide by the laws of arithmetic operations, which are the basis of measure theory. To safeguard our independence, CSC separates its decision-making functions, which are carried out by experts, from complex computations, which carried out by custom software based tools that CSC has built specifically to automate repeatable routines of credit analysis. Our processes are transparent. Their logic is all in the public domain.
Inter-Operability: CSC credit tools are modular. They can incorporate cash flow vectors externally generated. Can be embedded in larger risk systems for structuring and monitoring.
Inheritance: Founders Ann Rutledge and Sylvain Raynes bring an accretion of thirty years of credit experience from innovative financial institutions to CSC. They first worked in pioneer financial markets of the 1980s—exchange-traded derivatives, credit scoring and emerging markets—before joining Moody’s Investors Service’s structured finance group in 1995. In the markets of Hong Kong and New York, Rutledge and Raynes gained recognition for innovativeness and the ability to repurpose Moody’s methodology for new asset markets. They formed R&R to solve the one problem the market ignored—that led to the Global Financial Crisis.