Credit Analyst

We are currently representing a Global Credit Fund that are looking to add a Credit Analyst to their team based in London.

Reporting into: Deputy Head of Credit

MAIN FUNCTION OF THE ROLE

Assess and value the credit and ESG risks of global companies in healthcare, services, capital goods, utilities and real estate sectors for the purpose of investing in a suite of high yield and investment grade credit products through a variety of securities, including bonds, credit default swaps, and loans.

KEY TASKS AND RESPONSIBILITIES

• Complete credit research on a group of global companies in healthcare, services, capital goods, utilities and real estate sectors in collaboration with Portfolio Managers and Deputy Head of Credit Research.
• Analyse the main 'top down' macro-economic and market influences affecting the credit and ESG profile of covered corporates on a global basis and the valuations of their various credit instruments (bonds, loans, CDS).
• Research sector and issuer-level news, earnings and other events on a daily basis and analyse their effects on their valuations of various credit instruments.
• Engage with company management/investor relations at conferences, on earnings calls, or as needed to develop a view on an issuer. Maintain financial models/tear sheets, as governed by research priorities, comparable tables and relative value spreadsheets (e.g., within the capital structure and among peers and across credit instruments)
• Assign investment and ESG scores to credits and proactively make investment recommendations for trades and to changes of portfolio positioning based on changes in either credit risks, valuation, or anomalies in the market.
• Attend and contribute to the various Team Meetings; Morning News Email; Bi-Weekly Credit Committee; Monthly Sector Meetings; Maintenance of the Credit Research Database; Barometer, Bi-Monthly Credit Strategy meeting etc.
• Maintain an active dialog with other analysts, traders, and portfolio managers in order to react on as-needed basis to changes in news and events.
• Collaborate with other teams across the investment floor, including EOS on engagement activity and equity teams on sectors and companies.
• Speak with the sell-side as needed (comparison of views, attending conferences, etc).
• Make him/herself available to clients and potential clients as needed.

CANDIDATE PROFILE, SKILLS AND KNOWLEDGE

• Relevant market experience - have a minimum of 3 years of experience in credit research, either for another buy-side organisation, an investment bank/research firm, or credit rating agency.
• Several years of experience in analysing both investment grade and high yield capital structures, and assessing value across debt instruments (e.g., cash, cds, etc).
• Familiarity with different credit products, including bonds, loans and credit default swaps.
• Familiarity with analysing investment opportunities across different currencies and geographies, including European, North American and Emerging Market issuers.
• Highly computer literate and able to develop and maintain detailed financial models in Microsoft Excel.
• Numerate, accurate, reliable and a good team player.
• Successful completion and self-management of projects.
• High standard of communication (oral and written) and team working skills.
• Demonstrable experience in taking on investment risk.
• MBA and/or CFA designation would be ideal but are not required.