Director Credit Research
Led by our Chief Investment Officer, the Investment Department manages over $70 billion consolidated investment portfolio and consists of more than 100 investment professionals focused on portfolio management, risk management, asset management, derivatives, operations, finance and accounting functions.
RESPONSIBILITIES
As member of the Banking Sovereign Research team, conduct and support fundamental credit research on investment grade and high yield corporate bonds
Evaluate new investment opportunities and manage existing investment positions
Through fundamental credit analysis, provide timely buy/sell/hold recommendations in support of investment and portfolio management needs and new-issue and secondary-market investment opportunities. Analysis to include total exposure, maturity, and relative value considerations
Communicate material developments in a timely manner and provide recommendations regarding credit or sector news with the trading desk and other members of the investment team
Provide credit input regarding ongoing asset selection and substitution ideas for FIRM’'s bespoke synthetic CDOs
Maintain current credit views by following and analyzing news, company releases, rating agency actions, analyst publications and other information sources
Interact with rating agencies, sell-side analysts and other independent sources to obtain external views on individual credits or industries
Participate in periodic and ad hoc credit reviews and discussions
Develop and maintain relationships with FIRM's primary securities dealer coverage
Support required documentation of Credit Team analysis and decision making
Support in-depth assessment of identified names for periodic accounting valuation processes
Work closely with Trading and Portfolio Management to set investment strategy for financials and corporate sectors
Contribute to and participate in presentations to Investments Leadership Team
Provide leadership and mentoring within the Bank Sovereign team as well as the broader Corporate Credit Research platform
Participate in and lead ad hoc projects which may reach across various asset classes and Investments teams
BASIC QUALIFICATIONS
Bachelor's degree
MBA or equivalent degree and 7+ years corporate credit research experience; or an equivalent combination of education and related experience
Previous experience covering financial companies and banks
Experience and demonstrated ability in understanding corporate financial statements and fixed income mathematics
Strong functional capability with Microsoft Office (Excel, Word, Powerpoint, Outlook) suite of applications and Bloomberg terminal functions
PREFERRED QUALIFICATIONS
Strong verbal and written communication skills
Working knowledge of credit derivatives
Understanding of current credit risk models such as KMV, etc.
Understanding of fixed income mathematics
CFA or candidacy
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