Fixed Income Research Job Description
Fixed income research
provides research and recommendations to Fixed Income Portfolio Managers on specific credit sectors and corporate debt issuers.
Fixed Income Research Duties & Responsibilities
To write an effective fixed income research job description, begin by listing detailed duties, responsibilities and expectations. We have included fixed income research job description templates that you can modify and use.
Sample responsibilities for this position include:
Analyzing the leveraged Healthcare issuers via financial modeling, accounting review, assessment of management’s communications, assessment of third-party research, and interaction with management teams and sell-side analysts, among others
Researching, identifying, sourcing, underwriting, structuring, valuing, negotiating, monitoring and recommending investment opportunities, both buy and sell, across new issue and secondary non-agency structured credit markets including RMBS, ABS and CMBS and their respective sectors
Macroeconomic analysis
Model building
Supporting the investment process
Prepares agendas
Provide detailed macro-economic, sovereign credit, and political analysis monitoring current market developments in European Union countries and surrounding countries
The Analyst will work closely with a small team comprised of other Analysts, Traders and Portfolio Managers
Responsible for the analysis and documentation of business sponsor/stakeholder requirements in accordance with the Project Life Cycle
Provide input to the business and technical specification reviews to ensure the requirements are met
Fixed Income Research Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Fixed Income Research
List any licenses or certifications required by the position: CFA
Education for Fixed Income Research
Typically a job would require a certain level of education.
Employers hiring for the fixed income research job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Economics, MBA, Engineering, Mathematics, Business, Graduate, Computer Science, Accounting, Statistics
Skills for Fixed Income Research
Desired skills for fixed income research include:
Various credit sectors within the municipal marketplace
Accounting
Bloomberg and Intex
Excel
Financial analysis usually acquired by an advanced degree and related experience
Credit markets
Finance and financial modeling skills
High Yield Fixed Income
Interest in fixed income financial markets
Investment Grade
Desired experience for fixed income research includes:
Experience with macroeconomic financial modeling and analysis
Minimum of two years’ experience of economic and financial analysis
Strong academic background with a formal training in macroeconomics (Masters or Phd)
Experience of financial markets would be an advantage
Knowledge of statistical modelling packages would be an advantage
Ability to operate effectively in a team-focused work environment
Fixed Income Research Examples
1
Fixed Income Research Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of fixed income research. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for fixed income research
- Provide updates to the Business and Project Management on new and on-going projects
- Assessing the relative value of bond and loan investment opportunities by interpretation of capital structures, covenants, market drivers of performance and the value of available alternatives
- Recommending investments across a range of portfolios (with different risk appetites, restrictions on currencies/countries), defending those recommendations in both oral and written communication with desk heads
- Performing ongoing due diligence and monitoring of portfolio positions and key credits in those industries, and communicating updates in a timely fashion (orally and in writing)
- Writing credit commentary
- Responding to client requests on specific companies
- Participate in the process of selecting, monitoring and managing external investment managers
- Evaluate and analyze quantitative analysis of managers and fixed income funds
- Conduct manager interviews on-site for assessment and judgment of manager’s organization, process and investment team
- Screen and interview managers as part of the manager selection process
Qualifications for fixed income research
- Five to ten years’ experience of economic and financial analysis
- Strong self-motivation and the ability to work on multiple project simultaneously with limited direct supervision
- At least 5 years of related corporate credit research experience with some of that time spent specifically evaluating or structuring high yield loans
- Working knowledge of languages besides English
- In-depth understanding of Capital Market process, products and systems
- In-depth knowledge of Equity securities, familiarity with Fixed Income securities and derivative products
2
Fixed Income Research Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of fixed income research. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for fixed income research
- Conducting fundamental macro and credit analysis with emphasis on financial modeling to identify profitable corporate bonds for the portfolio
- Creating in-depth reports, including financial projections, credit evaluation and recommendations based on expected performance
- Presenting detailed and persuasive country and company reports to Project Manages reviewing potential investment ideas
- Acting as a liaison with industry sources to capture and develop new investment ideas
- Fostering the development of global views
- Research global sovereign fixed income (rates and sovereign credit, not corporate) and fx markets to identify valuation and sentiment extremes
- Leading manager research meetings, analysing the findings and formulating manager ratings for specific products
- Communicating and challenging team views on a range of investment products
- Involved in research of other asset classes, primarily fixed income orientated hedge funds
- Permanent member of the fixed income Portfolio Construction Committee
Qualifications for fixed income research
- A Bachelor’s or graduate degree with strong academic background
- Familiarity with various technologies such as database management systems, SQL the Microsoft ® Office suite of products
- Having or working towards one of the following designation
- Advanced understanding of market data processing
- Knowledge of Fundamental or Technical Analysis preferred
- Ability to effectively communicate with senior management, analysts, salespeople, marketing, compliance, development, QA, project management and vendors in a global environment
3
Fixed Income Research Job Description
Job Description Example
Our growing company is looking to fill the role of fixed income research. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for fixed income research
- Contribute to the design and implementation of a third-party investment product due diligence process
- Play a leading role in portfolio positioning across global bond markets, from idea generation to implementation
- Contribute to the macro debate on-team
- Own the team’s view on duration across developed market rates, in collaboration with other senior investors on the team
- Drive strategic and tactical top down credit positioning across portfolios
- Drive strategic and tactical top down emerging market debt positioning across portfolios
- Use established network and presence in the market place to source creative investment opportunities for Diversified Strategies portfolios
- Contribute to the wider MAS investment process
- Analyzing and forecasting US macroeconomic developments relevant to markets
- Modelling macroeconomic data using econometric and data science skills
Qualifications for fixed income research
- 3-6 years of work experience in investment banking, fixed income trading or research preferred
- Junior status with Finance, Economics, or Applied Mathematics major
- Possess a deep understanding of fixed income investments across the corporate capital structure
- Must possess experience in macro or economic research, with past work experience on either buy-side or sell-side research covering EMEA economies
- Degree in economics or related discipline
- Fluency in EMEA region local language(s) a plus
4
Fixed Income Research Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of fixed income research. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for fixed income research
- Monitoring news flow
- Delivering thematic and data-focused published research reports
- Interacting with other internal researchers, sales people, traders, and senior management
- Presenting the team’s views to clients and internally
- Conduct independent research to develop investment recommendations for the fixed income portfolios managed by MFS
- Attends conferences, interviews corporate management at all levels, work collaboratively with other members of fixed income, quantitative and equity research teams to gather investment ideas and develop investment themes
- Analyzing macro trends that impact commercial real estate valuations
- Monitoring the credit quality of recently issued CMBS deal CMBS deals including loan level surveillance
- Developing investment strategies for both cash synthetic securities
- Support the chief economist and other members of the economics team in generating clear, concise charts and tables to summarize economic and financial developments around the world
Qualifications for fixed income research
- The ability to multi-task with strong attention to detail
- Experience with VBA programming desirable
- Display an in-depth knowledge and understanding of the fixed income debt markets, collateral underwriting, modeling and valuation various legal, regulatory, credit enhancement and capital structures employed in various sectors of the RMBS, ABS and CMBS markets and awareness of their nuances
- Demonstrated abilities to work across and within groups and partner with others as needed across our investment platform and help drive our structured securities centric investment process
- Bachelor’s degree in Finance, Economics or equivalent years of industry experience
- At least 8 years of experience in Fixed Income Manager research and selection
5
Fixed Income Research Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of fixed income research. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for fixed income research
- Play a key role in managing the data resources for the economics team
- Prepare written and oral reports on economic issues as needed and as opportunities arise
- Building, programming and maintaining statistical models
- Assist in maintaining internal data
- Investigate and uncover new developments in the U.S. and global economies
- Communicating research insights to portfolio managers
- Understanding of credit valuations, rel-val principles
- Ability to combine both independent work and working with senior analyst and traders
- We will expect the candidate to hit the ground running, update and forecast financial models, listen to conference calls and help writing research notes and develop trade ideas
- We will expect the candidate to gradually start having client conversations and eventually start covering some credits as a lead analyst, once a candidate has proven him/herself by generating trade ideas and multi-tasking
Qualifications for fixed income research
- Excellent project management skills and the ability to ‘own’ the project
- Exceptional presentation skills with the ability to filter through data and communicate findings in a concise and actionable manner
- Ability to make presentations to existing clients and participate in new business development as required
- Experience covering industrial sectors preferred
- Knowledge of the investment dynamics of separately managed fixed income accounts is a plus
- Advanced degree and/or CFA preferred