Due to major sub-prime market developments, our client is now in a highly sensitive mark to market situation. They are now seeking an exit out of a formerly bullish credit-theme buying spree. PhD or highly experienced CDO expert to extract all possible short-long term value out of the various tranches in a bloated book. No immediate liquidity targets will be part of the role's success. A well organized exit with minimal market disruption to the firm's book is the ultimately goal. Compensation with be linked to 2-3 years of expected extraction and may qualify for extra early risk reduction bonus incentives. English is primary language but Japanese ability will be an added bonus. Interesting chance to profit huge from CDO market downturn!