PGIM Fixed Income | Senior Investment Analyst, London based

A GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTURE

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers! 

If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today.

At PGIM, You Can!

What you will do:

The successful candidate will be part of a growing and exciting team that is an integrated part of a large and global fixed income business. Within the PGIM Leverage Finance Credit Research team, the Associate works closely with a Senior Sector Analyst.   Together, they cover a diverse range of sectors, generating recommendations for loans and high yield bonds to the Portfolio Management teams and providing ongoing credit research capabilities in order to monitor positions held in client portfolios.

What you can expect:

• Perform in-depth quantitative and qualitative research and analysis of industry and company-specific information as it relates to both new and existing securities in the UK and European high yield and loan markets.  Evaluate risk/return opportunities consistent with portfolio guidelines and objectives.
• Specialise in 3-5 non-financial sectors in European markets with responsibility for all relevant issuers in those sectors
• Partnering with the Senior Sector Analyst, provide purchase and sale recommendations to portfolio managers based upon thorough credit analysis and assessment of relative value.
• Assess issuers ESG credentials and apply impact ratings in accordance with the PGIM methodology
• Prepare and present accurate, detailed, concise and well-written research on issuers and sectors under coverage.  This should include analysis of financial metrics and operating statistics, utilizing quantitative and qualitative information obtained to determine comparative financial performance, management, industry and business evaluation.
• Provide support to the Senior Sector Analyst and act as back-up for bond issuers in their sectors
• Understand global and European economic trends and develop a perspective on interest rate movements, credit spreads, yield curve/duration risks and currency risks.
• Keep abreast of new developments in fixed income markets to determine their potential value to portfolio performance.
• Build relationships with analysts at investment banks, ratings agencies and other research houses and leverage those relationships to maximize the flow of timely information and to assist in monitoring and analysing credits under coverage.
• Track relevant economic, market and industry data.
• Proactively monitor industry developments and recommend changes to exposures when warranted.
• Where appropriate, meet with, or contact, members of a company's senior management, customers, suppliers, auditors, banks, institutional lenders, trade organizations, investment bankers, research sources, rating agencies, and/or others to assist in making a proper investment decision regarding that company.

What you will bring:

• At least three years fundamental credit research experience with an investment management firm.
• Hold a university degree and be studying for CFA, MBA, legal, accounting or other relevant professional qualification.
• Understand and assess corporate and financial structures, covenants, bond documentation, equity market conventions, antitrust regulation, ratings agency methodology, interest rates and other relevant matters.
• Show strong skills in fundamental credit analysis and knowledge of the European investment grade corporate credit market.
• Demonstrate understanding of relative value and trading relationships for individual issuers.
• Communicate independent assessment of issuers, sectors and markets in a coherent, concise and convincing manner.
• Possess excellent IT application skills (familiarity with MS Office, especially Excel,  Bloomberg, etc).
• Exhibit an unwavering attention to detail, accuracy and completeness.
• Display strong critical thinking and logic skills.
• Possess excellent written and oral communication skills on all levels and in all business settings.
• Embrace and encourage change and development.
• Maintain a high level of productivity, be able to manage and prioritize numerous tasks simultaneously.
• Understand the principles of ESG investing and analysis.
• Possess background knowledge of European capital markets and/or Insurance industry (preferred).
• Be proficient in a second European language (preferred).
• Enjoys being a part of a team but can work independently
• Highly numerate
• Is a strong team player who is inquisitive, self-motivated and industrious;
• Able to set priorities and complete simultaneous projects;
• Has strong analytical skills and enjoys thinking about and solving complex issues;
• Must be able to meet tight deadlines whilst maintaining a high quality of work.

What will set you apart:

• Knowledge of the asset management industry
• Develop industry knowledge through continuous learning

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.