Credit Analyst - High Yield at T. Rowe Price

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Investment ManagementIndustries

Requirements

University degree with a minimum of three years of relevant work experience in a credit research role, preferably within Asset Management
Solid analytical skills, insight, and effective communication
Proven experience understanding and evaluating creditworthiness
Ability to make judgments based on market knowledge
Experience with financial statement modeling and analysis
Inquisitive nature, driven to excel in all aspects of the analytical process
Flexible, responsive, and self-starting personality with keen attention to detail
Open-minded thought process and intellectual honesty
Willingness to pursue and explore ideas and potential investment opportunities, supporting one’s ideas to questioning by Portfolio Managers and other analysts
Team player with excellent communication skills, written and verbal
Preferred: Advanced degree (MBA) and/or CFA

Responsibilities

Conduct independent, fundamental high yield credit research to identify and initiate investment ideas
Analyse and explain economic, competitive, sector, and political drivers that impact a borrower’s ability to repay its debt
Develop well-researched short and long-term perspectives, resulting in the assignment of T. Rowe Price (TRP) bond ratings, outlooks, and investment recommendations
Create historical and projected financial models, analyzing key financial metrics to differentiate improving from deteriorating credits
Make buy, hold, or sell investment recommendations incorporating the fundamental credit outlook
Interact with management teams, other credit analysts, rating agencies, sell-side analysts, and other TRP investment professionals, including fixed income and equity analysts
Assimilate and filter various sources of information to develop long-term, well-researched investment theses on sectors and issuers
Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other TRP analysts, credit and advisory committees, and external clients
Produce and communicate regular forecasts of bond performance in selected credits
Develop and apply relative value metrics, seeking investments that generate above-average returns without excessive risk

Skills

Credit Analysis

High Yield Bonds

Financial Modeling

Bond Ratings

Investment Research

Economic Analysis

Sector Analysis

Fixed Income

T. Rowe Price

Global asset management and investment advisory services

About T. Rowe Price

T. Rowe Price provides investment advisory services and retirement solutions to individual investors, financial intermediaries, and institutions. The firm employs a disciplined investment approach supported by extensive research to deliver long-term value. It generates revenue mainly through management fees based on the assets it manages, which amounted to $1.569 trillion as of June 30, 2024. T. Rowe Price serves a wide range of clients, including individual investors, retirement plan sponsors, and institutional investors like endowments and foundations. Its global reach and experienced investment teams enable the firm to offer various investment strategies and products, helping clients achieve their financial goals.

Baltimore, MarylandHeadquarters

1937Year Founded

$78,115.8MTotal Funding

IPOCompany Stage

Quantitative Finance, Financial ServicesIndustries

10,001+Employees

Benefits

Paid Volunteer Time

Parental Leave

Learning & Growth Resources

Matching Charitable Gifts

Health Care Benefits

Generous Retirement Plan

Risks

Increased competition from AI-powered platforms challenges T. Rowe Price's traditional strategies.

Departure of key personnel may impact T. Rowe Price's wealth management capabilities.

High valuations of AI startups could divert capital from traditional asset management firms.

Differentiation

T. Rowe Price offers a comprehensive range of investment strategies across various asset classes.

The firm emphasizes long-term value through disciplined investment and extensive research capabilities.

T. Rowe Price's global reach and diverse client base enhance its market position.

Upsides

Growing interest in AI-driven investment strategies presents new opportunities for T. Rowe Price.

The rise of quantum technology aligns with T. Rowe Price's focus on tech startups.

Collaboration trends in biotech offer potential investment opportunities in genetic medicine.

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