Leveraged Finance & High Yield Trader
My client, a leading Global Banking and Investment Management firm in the City, is looking for Leveraged Finance High Yield Trader – Analyst to support their Senior Trader
The main aspects of the role are:
• To support the MD on the Trading Book
• To join the team in marketing events, with the objective of establishing valuable market contacts
• To assume a credit analysis role with direct responsibility for a number of portfolio exposures
Additionally the role will involve:
• Pricing the various team portfolios, using Bloomberg / Markit quotes
• Monitoring and continuously updating the team Approved Purchase List (for live prices, changes in the credit structures, new credit additions, other movements)
• Monitoring the market for secondary opportunities (via Bloomberg IB chats, telephone conversations with sales contacts/traders)
• Identifying opportunities via relative value analysis - same name across capital structure/different names in the same industry/ different industries on behalf of both the Trading Book, as well as new funds
• Liaising with market contacts regarding various market opportunities available in the secondary market
• Building up own set of market contacts
• Support the team with administrative tasks such as confidentiality letters, checklists, updating weekly/monthly Committee reports and Investor reporting
• Liaise with the Portfolio Managers on funds managed by the Group
• Credit analysis - assume responsibility for coverage of credit names
• Participate in marketing events / bank meetings
• Ideal candidates will have experience from the leveraged market - and / or direct loan trading experience in either an investment bank or asset management firm. Candidates from investment banks will ideally have recently completed graduate programs.
• Mathematical or economics educational background ideally, with good excel/modelling skills and a good understanding of credit analysis
• Very strong interest in the financial markets
• Outgoing approach with willingness to build relationships and participate in marketing events/banks meetings
• Strong interpersonal and analytical skills
• Strong academics A levels or equivalent - ABB or above
• Degree or equivalent - 2:1 or above
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