Morgan Stanley Investment Management is seeking a credit analyst to cover company/sector research and make investment recommendations for institutional account portfolios across Fixed Income and Liquidity. The individual will be responsible for analyzing company credit risk and making relative value selections on names in the new issue and secondary markets for a variety of strategies including liquidity, short-duration, total-return and pension funds. Analysts work closely with portfolio managers, carrying out investment research and analysis and generating trade ideas. This process is integral to the team approach of making investment decisions where trade ideas are evaluated on their merits, regardless of whether they were proposed by a portfolio manager or analyst. This position will be based in London.
- Perform financial and credit analysis of names within coverage sectors, spanning both investment grade and high yield credits.
- Prepare financial forecasts, comparable company analyses and valuation models.
- Develop relative value opinions on credits and individual debt securities.
- Write and defend credit investment recommendations.
- Monitor market developments and quarterly financial performance of names to determine credit pricing impact.
- Work with portfolio management and trading to recommend portfolio position sizing.
- Assist in gathering and analyzing industry and macro data to identify trends and help develop broad views of corporate
credit and sector allocation.
- Extensive usage of Excel, Bloomberg, Capital IQ and other technology applications.
QUALIFICATIONS
Qualifications - External
- Experience in evaluating credits and making investment decisions. Buyside experience preferred.
- Experience in coverage of European services and industrials sectors is preferable.
- Strong knowledge of credit analysis, financial accounting, complex capital structures and basic bond portfolio
management.
- Well-developed fundamental value and relative value skills.
- Strong Excel skills, advanced modelling, financial forecasting, and facility with technology applications.
- Excellent written and verbal communication skills.
- Proven academic and professional achievement.
- Progress toward or completion of a CFA a plus.
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