We are pleased to announce an incredible opportunity to join us here at Phoenix Group as a Credit Research Senior Analyst (Structured Finance) within our Global Investment Research and Ratings (GIRR) team, part of the Asset Management function. The focus of this role is assigning and monitoring internal ratings to support the origination function and protect the Phoenix balance sheet.
This role will suit those who have specific experience in Structured Finance, with exposure to RMBS, ERM, ABS, CLO or CMBS transactions and credit ratings.
Job Type: Permanent
Location: This role will be based in our London office, with some flexibility to work between the office and home. We will discuss what is important to you, balancing this with business requirements during the recruitment process. You can read more about Phoenix Flex here.
Salary and Benefits: £70,000 – £110,000 (subject to experience) + bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays (pro-rated), plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more!

EXPERIENCE / KNOWLEDGE - ESSENTIAL (MINIMUM CRITERIA)

• Demonstrates strong knowledge of credit rating processes and methodologies, including the ability to interpret sector-specific rating approaches.
• Independently conduct credit rating analysis with minimal guidance, including financial information review and assessment of loan documentation.
• Develop and maintains sector Risk Identification Documents (Risk IDs), produces and tests rating scorecards and financial models, and evaluates the reasonableness of rating outputs from scorecards.
• Form and present clear opinions on asset credit quality through written reports, effectively communicating key risks and opportunities to internal and external stakeholders.Interpret credit ratings and challenges subjective assessments relating to rating composition, with solid cash flow modelling skills, using Structured Finance models.

PERSONAL ATTRIBUTES & SKILLS

• Proactively stays abreast with industry trends i.e. investment risks and opportunities, and able to confidently represent at external events including industry conferences
• Ability to manage and deliver on multiple priorities and projects
• Strong communication and stakeholder management skills, with the ability to articulate clear recommendationsExperience of Excel (Intermediate to Advanced), Word and PowerPoint

ROLE CONTEXT

The Credit Research Senior Analyst will contribute independently to the Credit Research and Ratings team within the Global Investment Research and Ratings by assigning/monitoring Internal Ratings to private credit/illiquid assets in structured finance (asset back securities, CLOs, ERM), completing transaction reviews and screening as well as sector deep dives/portfolio reviews as required. You will assign and monitor internal ratings or ratings assigned by a Credit Rating Agency on structured finance assets, undertake sector and portfolio reviews, help ensure the rating framework remains appropriate and in line with Credit Rating Agency (CRA) guidance.