Overview

Credit Research Lead (Corporate), Asset Management – London, England, United Kingdom (Hybrid)We are pleased to announce an incredible opportunity to join Phoenix Group as a Senior Credit Research Analyst in our Asset Management function. The focus of this role is scanning the horizon for emerging credit risks and recommending early action to protect the Phoenix balance sheet.Job Type:

PermanentLocation:

This role will be based in our London office, with flexibility working between the office and home. There may be some travel between Phoenix offices. We will discuss what is important to you and balancing this with business requirements during the recruitment process. You can read more about Phoenix Flex here.Salary and Benefits:

£90,000 - £130,000 (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!Who are we?We want to be the best place that any of our 6,600 colleagues have ever worked. We''re Phoenix Group, a long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We''re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050.Role ContextThe Senior Credit Research Analyst will work closely with portfolio managers to provide credit research and recommendations on publicly rated corporate credit, and support Portfolio Managers'' investment decisions. You may also be involved in Internal Credit Ratings work on Corporate credit assets.You will be an important Phoenix subject matter expert (SME) on Corporate sectors and ratings, providing robust public market portfolio management support and risk management oversight at both sector and issuer levels. The deliverable is to produce forward-looking sector and single-name outlooks and recommendations with a focus on credit quality, including industry, regulatory, macro and credit fundamental assessments and credit rating sensitivities in the context of a Buy and Maintain portfolio.This role would suit those with prior experience of providing credit research and building an investment thesis on credit fundamentals as a sell or buy side analyst with credit rating expertise in a major credit rating agency.Core areas of focus

Robust analysis of industry and macro credit risks across a range of regulated (e.g., Utilities) and unregulated entities.Issuer credit analysis based on financial fundamentals and ESG considerations.Sound knowledge of Credit Rating Agency rating methodologies and ESG methodologies and how they apply to various sectors.Ability to apply this skillset in a wide range of Investment Grade Credit sectors in all major currencies.Key Responsibilities

Sector outlooks and thought leadership views

– Maintain sector outlooks across the corporate portfolio in collaboration with the Head of Credit Research and the Public Market portfolio managers.Regular and ad-hoc/event-driven reviews and recommendations

– Track credit events, earnings, news and relative value for a wide range of corporate issuers; full ownership of a Corporate Coverage list.Adhere to internal and regulatory governance standards

– Ensure that credit analysis output meets internal governance and regulatory requirements; maintain lists of sectors/entities that require closer monitoring.ESG analysis

– Integrate environmental, social and governance factors in investment recommendations.New Issuance

– Perform initial screening and recommendations on new issuance in the public markets.Wider Project Contribution

– Involve activities such as strategic asset allocation, new asset classes, scenario analysis, regulatory requests, and monitoring of exposures.Managing internal and external stakeholder relationships

– Internal: Head of Credit Research, Chief Credit Officer and other credit specialists; Public Market Portfolio Management team, ALM and structuring team and Group Risk, as well as our BPA team. External: Bond issuers, rating agencies, sell side and other credit analysts, regulatory bodies.Additional responsibilities

– Producing specific asset performance metrics, portfolio and sector reviews, and committee inputs, and supporting and developing junior team members.What are we looking for?

Experience / Knowledge - Essential (minimum criteria)Strong credit fundamentals technical skillset. Deep understanding of credit analysis, financial forecasts and credit rating assessments for corporate assets under coverage. Attention to detail is important for riskier assets.Demonstrated technical skills developed in a Credit Rating Agency and a Sell or Buy Side Credit Research team, with exposure to both fundamental and relative value recommendations.Personal Attributes and SkillsAbility to assess industry and macro drivers and form and present opinions on credit quality from a current and strategic perspective.Confidence in interacting with asset managers and other stakeholders; proactive in building a professional network with technical experts. Able to translate technical information to a variety of audiences.Ability to analyse and decipher complex data, make investment recommendations and distill key credit aspects.We want to hire the whole version of you.We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we''ve advertised and you believe you can bring value to the role, we''d love to hear from you.If you require adjustments to the recruitment process, please let us know so we can help you to be at your best.Find out more aboutGuide for CandidatesLocations 20 Old Bailey, London, EC4M 7AN, GB (Hybrid)

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