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Leveraged Finance Credit Research, Associate

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  • Job
    Full-time
    Mid & Senior Level
  • Research & Development
    Banking & Finance
  • London

Requirements

  • Prior experience in investing, investment banking, transaction advisory services, strategy consulting, or corporate valuation, and/or an educational degree in economics, finance, or accounting.
  • Proven experience of identifying profitable investment opportunities based on extensive fundamental research on leveraged issuers in European credit market.
  • Expert in credit/financial statement analysis, with specific experience analysing companies, fixed income securities, credit derivatives and equity investments.
  • Familiarity and experience with bond and loan covenants – familiarity with leveraged loan credits and syndication processes in beneficial but not essential.
  • Advanced financial analysis and modelling skills with specific experience in one of several of the following: analysing companies, fixed income securities or equity investments.
  • Inquisitive nature, driven to excel in all aspects of the analytical process and in assessing opportunities through different asset classes.
  • Enquiring and analytically minded with a logical and thorough work ethic.
  • Must possess the desire and ability to work in a team-orientated environment.
  • Excellent written and verbal communication skills.
  • Fluency in a second language is preferred.

Responsibilities

  • Responsibilities
  • Conduct fundamental credit research across the corporate capital structure.
  • Cover one or several industry sectors, analysing and explaining economic, competitive and political drivers that impact a borrower's credit quality and assessing relative value.
  • Contribute trade ideas and discuss them with the portfolio managers, participate in relative value and trade structuring discussions.
  • Interact with management teams, industry sources, other analysts, 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, analyse key financial and operational metrics, develop deep valuation.
  • Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other analysts, credit and advisory committees and external clients.

FAQs

What is the role of an Associate in Leveraged Finance Credit Research at BlackRock?

The Associate will work closely with senior investment analysts and portfolio managers to assess investment opportunities within the liquid credit leveraged finance business, including high yield bonds, leveraged loans, CLOs, and long/short credit. Responsibilities include conducting fundamental credit research, interacting with management teams, and communicating investment recommendations.

What qualifications are required for this position?

Candidates should have prior experience in investing, investment banking, transaction advisory services, strategy consulting, or corporate valuation, and/or an educational degree in economics, finance, or accounting, as well as experience in identifying profitable investment opportunities based on extensive fundamental research.

Is experience with leveraged loans and bond covenants necessary?

Familiarity and experience with bond and loan covenants are beneficial but not essential.

What skills are essential for this role?

Essential skills include advanced financial analysis and modeling, expertise in credit/financial statement analysis, strong communication skills, teamwork, and an inquisitive nature.

What is BlackRock’s approach to work-life balance?

BlackRock offers a hybrid work model that allows employees to work in the office at least 4 days a week with the flexibility to work from home 1 day a week to promote collaboration and ensure flexibility.

Are there opportunities for career development and education reimbursement?

Yes, BlackRock provides access to education reimbursement and resources aimed at supporting employee development and career growth.

What benefits does BlackRock offer to its employees?

BlackRock offers a wide range of employee benefits including retirement investment tools, resources for physical and emotional well-being, family support programs, and Flexible Time Off (FTO).

Is it necessary to be fluent in a second language for this role?

While fluency in a second language is preferred, it is not a strict requirement for the position.

Can you describe the team environment within Leveraged Finance Credit Research?

The work environment is team-oriented, emphasizing collaboration to enhance the analytical process and assess investment opportunities across different asset classes.

How does BlackRock aim to support the financial well-being of its clients?

BlackRock's mission is to help clients save for retirement, pay for education, buy homes, and start businesses, thereby supporting the global economy through their investments.

Global investment manager. Technology provider. Helping more and more people experience financial well-being.

Finance
Industry
10,001+
Employees
1988
Founded Year

Mission & Purpose

BlackRock is a global asset manager and technology provider. Our purpose is to help more and more people experience financial well-being. We help millions of people invest to build savings that serve them throughout their lives. We make investing easier and more affordable. We advance sustainable investing because our conviction is it delivers better outcomes for investors. We contribute to a more resilient economy that benefits more people. Together with our clients, we’re contributing to a more equitable and resilient world – today and for generations to come. That’s why, we’re asking bigger questions – of ourselves, our industry, and the world at large. Questions that challenge convention and give rise to new thinking. Because the bigger questions we ask, the bigger actions we can take. Follow us for global insights shaping the economy, innovative thinking around the path to net zero and more information on culture and careers at BlackRock.

Benefits

  • Financial Well-being

    We help more and more people experience financial well-being – which applies as much to you as it does to our clients. At BlackRock, you’ll have access to our competitive retirement plan as well as financial coaching and educational resources to help you build a sound financial future.

  • Healthcare

    We provide a great selection of benefits and programs to help you manage health care costs, live a healthy lifestyle and find the right care, whenever you need it.

  • Physical well-being

    We know that physical well-being is an important component of maintaining your overall health – both now and in the future. Our comprehensive physical well-being benefits help you stay active, eat better and feel energized.

  • Life management

    We know managing life, work and everything in between can be difficult. So, whether you need a little R&R or time to tend to other matters, Flexible Time Off allows you to take time away from work, stress free, to focus on moments that are important to you.

  • Emotional well-being

    We understand emotional resilience is key to helping you thrive – in your life and at work. Whether you’re looking for ways to handle life’s many challenges, reduce your stress or boost your happiness by volunteering your time in service to others, our resources can help you navigate all kinds of situations.

  • Professional well-being

    Focus on your strengths and build the​ expertise you need to further your career. Our BlackRock Academies, structured training by​ program and employee networks, provide resources for​ meaningful networking, skill building and professional as​ well as personal growth.

  • Pay for Performance

    Our pay for performance approach means your total compensation reflects individual, business and company performance. For our full-time employees, total compensation includes a base salary plus an annual discretionary bonus.

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