Credit Research Analyst, Fixed Income - Toronto, ON (1832 Asset Management)

Scotiabank - Toronto, ON (30+ days ago)

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Requisition ID: 79822

Join the Global Community of Scotiabankers to help customers become better off.

Job Purpose

As a member of Credit Research Team at 1832 Asset Management L.P., the Credit Research Analyst, Fixed Income is responsible for fundamental analysis of investment grade and high yield bonds, structured products and hybrid securities, focused primarily on North American credit opportunities. This position is responsible for providing in-depth and perceptive research and analysis.

The Credit Research Analyst, Fixed Income will be required to make recommendations to fixed income portfolio managers based on an analysis of credit fundamentals. The Credit Research Analyst, Fixed Income will also be responsible for the maintenance of credit files sufficient to satisfy compliance, regulatory, and internal fund manager requirements. This will require gathering and analysis of relevant financial, quantitative and qualitative industry, economic, regulatory and company-specific data.

Key Accountabilities

The Credit Research Analyst, Fixed Income will be responsible for the following:

Performing fundamental credit analysis and financial modeling of companies and securitized products
Analyzing corporate structures and covenants, making recommendations regarding the relative attractiveness of debt, hybrid debt, and preferred shares
Preparing credit summaries and credit recommendations under the direction of the Head of Credit Research
Maintaining a database to facilitate the ongoing monitoring of credit risk positions, and watch lists
Monitoring universe of potential investment opportunities and current holdings in the various Fixed Income portfolios, by gathering, consolidating and interpreting industry, company, and economic information from sources such as:
Corporate annual reports and other regulatory filings
Industry publications and online periodicals
Institutional research and
Management interviews
Participation in meetings with corporate management teams, investment bankers and analysts, with senior members of the Fixed Income team, documenting and reporting on meetings and other relevant news to the Fixed Income team
The fundamental research process will include travel to industry conferences and corporate management meetings
Identifying and communicating, in a timely manner, improving or deteriorating corporate credits

Functional Competencies

A successful Credit Analyst, Fixed Income should possess the following skills and experience:

Undergraduate degree in Accounting, Finance, Commerce, or related field
Completion of the CFA designation
Minimum 3-5 years of experience in credit/investment analysis, or related discipline, with experience in asset management preferred
Experience with detailed modeling of company financial information
Superior analytical, evaluative, and problem-solving abilities
Functional capability with financial analysis software
Self-motivated and results driven
Proven ability to work effectively as part of a team of investment professionals

Location(s): Canada : Ontario : Toronto

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.