Credit Analyst, Fixed Income Alternatives recruitment
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
Business Unit Overview:
Fixed Income
BlackRock offers a range of investment products—equity, fixed income, liquidity and alternative investment—each managed by a dedicated investment team of portfolio managers, research analysts and traders. Focused portfolio management and proprietary research are the cornerstones of our investment philosophy, and portfolio construction is based on each team's market outlook.
BlackRock's investment teams are staffed with professionals who have significant experience within their respective markets. Our portfolio teams manage assets for institutional and individual investors alike. Accordingly, all of our clients benefit from our portfolio management expertise and risk management analytics.
All of our portfolio managers leverage the expertise of other investment teams through the strength of a shared research, trading and risk management platform. Our investment professionals benefit from the resources of a world-class firm that continually invests in its business and is differentiated by a team approach and integrated research and risk management.
The Fixed Income team offers an array of fixed income products designed to meet specific client risk and return profiles. Incorporating the expertise of BlackRock's sector specialists, each client portfolio is tailored to reflect specific investment guidelines and objectives with respect to interest rate exposure, sector allocation and credit quality.
Role description:
The Analyst (Associate level) will be responsible for assisting Senior Analysts and Portfolio Managers in assessing opportunities for Fixed Income Alternatives portfolios based on rigorous credit-orientated fundamental research, designing trading strategies and monitoring positions in the Portfolio.
- Assisting Portfolio Managers in assessing investment opportunities. Conduct independent, fundamental credit research. Analyse and explain economic, competitive, sector and political drivers that impact a borrower's credit quality. Interact with management teams, industry sources, other credit analysts, rating agencies, sell-side analysts, and other investment professionals. Assimilate and filter various sources of information to develop long term, well-researched investment theses on credits, sectors and issuers. Create historical and projected financial models, analysing key financial and operational metrics.
- Provide event and relative value investment and trading recommendations on portfolio positions or comparable assets in the market.
- Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other analysts, credit and advisory committees and external clients.
- Assist the Portfolio Managers in designing trading strategies to best express credit /or event views in the market
- Support risk management in the portfolios by analysing and communicating the main exposures and risks to the performance of companies and credit securities covered.
Skills, experience and education:
- Preference for, but not exclusive to, senior analyst / associate level candidates with Investment Banking or Leverage Finance background at top-tier institutions.
- Proven experience in understanding, interpreting and modelling financial statements, with specific experience analyzing companies and capital structures
- Familiarity and experience with bond and loan covenants and knowledge of European bankruptcy regimes beneficial but not essential.
- Inquisitive nature, driven to excel in all aspects of the analytical process and in assessing opportunities through different asset classes
- Flexible, responsive and self-starting personality with keen attention to detail. Open-minded thought process and intellectual honesty with an ability to dynamically adapt to coverage of different parts of the credit spectrum.
- Must possess the desire and ability to work in a team-oriented environment.
- Excellent written and verbal communication skills.
- Must be fluent in English
- Fluency in a second language is preferred.