Northern Trust is looking to hire a professional to perform fundamental financial and credit analysis, recommend securities, manage investment limits, and ensure portfolio control systems are maintained and updated to meet regulatory requirements.
Requirements
- Knowledge of business and financial markets, financial and credit analysis, and accounting principles and techniques, usually acquired through formal education and work experience, are required to evaluate credit risk in individual issuers and industry sectors.
- Knowledge of economic conditions and their impact on the capability of debt issuers to service debt instruments, and legal matters related to structuring debt instruments, usually acquired through formal education and work experience, are required to evaluate credit risk.
- Analytical and presentation skills are required to interpret offering statements and legal documents describing securities issues and to prepare and present analytical reports.
- Computer skills are required to gather and present information.
- 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.
Other
- Leadership skills are required to provide guidance for less experienced 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.
