Goldman Sachs Asset Management - Fixed Income, Investment Grade Team Credit

at  Goldman Sachs

A career with Goldman Sachs Asset Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world’s leading asset managers you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. A primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals.
Goldman Sachs Asset Management’s Corporate Credit Team is seeking a Credit Analyst to join the Investment Grade Credit Research team in London.
The credit research analyst will be responsible for analyzing UK-based investment grade credits. They will ideally have some background in analyzing UK companies. The analyst will perform company and industry due diligence, interact with industry participants, construct financial models, assess relative valuation, maintain investment infrastructure and make recommendations for a range of portfolios that the global corporate credit team manages. The successful candidate will demonstrate an ability to draw analytical conclusions from a variety of inputs, be able to derive an investment conclusion and will be a skilled communicator. Candidates should have a commitment to a team-oriented culture and possess a natural inquisitiveness and enthusiasm for investment research.

BASIC QUALIFICATIONS

• 3+ years of investment research experience.
• Experience analyzing UK-based issuers a plus.
• Strong communication skills (oral and written).
• Strong modeling, analytical and quantitative skills.
• Understanding of financial markets, preferably within Fixed Income.
• CFA study (at any level) a plus.
• MBA a plus.

• Establish an analytical framework for each assigned industry and place companies in context of this framework.
• Analyze issuers via financial analysis, evaluation of industry positioning, assessment of management and strategy, and interrogation of management and sell-side analysts, among other factors.
• Assess the relative value of investment opportunities by interpreting risk-reward parameters, legal and capital structures, bond covenants, market drivers of bond performance and the value of available alternatives.
• Recommend investments for a range of portfolios (e.g., with different risk appetites, restrictions on currencies/countries) and defend those recommendations in both oral and written communication with portfolio managers.
• Perform ongoing due diligence and monitoring of portfolio positions and key credits.Communicate updates in a timely fashion (orally and in writing) to team members across the globe and maintain these views in our internal research system.