Senior Fixed Income Research Analyst - High Yield at Northern Trust

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Knowledge of business and financial markets, financial and credit analysis, and accounting principles and techniques, usually acquired through formal education and work experience
Knowledge of economic conditions and their impact on the capability of debt issuers to service debt instruments
Knowledge of legal matters related to structuring debt instruments
Analytical and presentation skills to interpret offering statements and legal documents describing securities issues and to prepare and present analytical reports
Computer skills to gather and present information
Leadership skills to provide guidance for less experienced analysts
Minimum 5 years of fixed income securities or credit related financial analysis experience
Experience within the high yield space, specifically in the Technology, Media, or Telecommunications space is preferred

Responsibilities

Performs fundamental financial and credit analysis using publicly available information, integrating conclusions with outside opinions and rating agency data. Recommends suitability of securities for individual portfolios and commingled funds
Establishes provisional investment limits within delegated authority level and pending formal submission through credit committee approval process
Ensures that portfolio control systems are maintained and updated on a continuous basis, and that assigned issuers and sectors are reviewed, analyzed, and documented to fulfill internal/external regulatory requirements
Performs special analysis projects, such as valuation of nonmarketable debt securities, exchange offerings, and credit risk evaluation of derivative financial products
Negotiates covenant protection and other terms and conditions in private placement purchases of debt securities, to address credit risk aspects of such purchases
Oversees and coordinates portfolio review projects such as the Unrated Security and Below Investment Grade Reviews
Establishes communication links with outside rating agencies and other fixed income analysts
Participates with portfolio managers on assigned committees to develop investment strategy relating to cash and fixed income securities
Chairs one of the credit subcommittees organizing the schedule and work assignment of other analysts and preparing the agenda and minutes of subcommittee meetings. Serves as voting member on other credit committees
Provides training to less experienced staff members to enhance their understanding of credit risk evaluation, and helps in developing their analytical skills

Skills

Key technologies and capabilities for this role

Credit AnalysisFinancial AnalysisFixed Income ResearchHigh YieldDebt Securities ValuationDerivatives Credit RiskCovenant NegotiationPrivate PlacementsPortfolio ReviewRating AgenciesCredit Committees

Questions & Answers

Common questions about this position

What skills are required for the Senior Fixed Income Research Analyst role?

The role requires knowledge of business and financial markets, financial and credit analysis, accounting principles, economic conditions impacting debt issuers, and legal matters related to debt instruments. Analytical and presentation skills are also needed to interpret documents and prepare reports, along with computer skills.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this position?

This information is not specified in the job description.

What does the team structure look like for this role?

The role involves chairing one of the credit subcommittees, organizing schedules and work assignments for other analysts, serving as a voting member on other credit committees, participating with portfolio managers, and providing training to less experienced staff.

What makes a strong candidate for this Senior Fixed Income Research Analyst position?

Strong candidates will have formal education and work experience in financial and credit analysis, knowledge of economic conditions and legal matters in debt structuring, plus proven analytical, presentation, and computer skills to handle complex credit evaluations and lead subcommittees.