Description

About this role

Alternatives

BlackRock offers access to a spectrum of alternative investments amounting to approximately $138 billion of assets - including hedge funds, private equity, private credit, real estate and infrastructure all organized under BlackRock Alternative Investors (BAI). BlackRock's Global Credit team manages more than $155 billion in assets across public and private market credit strategies. The platform, in partnership with Global Fixed Income and BlackRock Alternative Investors, offers clients one of the industry's broadest arrays of investment choices across the spectrum of risk, liquidity, and geographies.

Role description:

This is an Associate position within the Fundamental Credit team. The candidate will report to the EMEA Head of Research and work closely with the portfolio managers in assessing credit opportunities. The candidate will be responsible for rigorous credit-orientated fundamental research across the corporate capital structure and monitoring investments for High Yield, Leveraged Loan and Long/Short Credit portfolios.

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  Conduct fundamental credit research across the corporate capital structure.
  
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  Work with a senior analyst in covering one or several industry sectors, analysing and explaining economic, competitive and political drivers that impact a borrower's credit quality and assessing relative value.
  
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  Contribute trade ideas and discuss them with the portfolio managers, participate in relative value and trade structuring discussions.
  
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  Interact with management teams, industry sources, other analysts, sell-side analysts, and other investment professionals.
  
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  Assimilate and filter various sources of information to develop long term, well-researched investment theses on credits, sectors and issuers.
  
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  Create historical and projected financial models, analyse key financial and operational metrics, develop deep valuation.
  
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  Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other analysts, credit and advisory committees and external clients.
  

Skills, experience and education:

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  Expert in credit/financial statement analysis, with specific experience analysing companies, fixed income securities and equity investments
  
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  Familiarity and experience with bond and loan covenants - familiarity with leveraged loan credits and syndication processes in beneficial but not essential
  
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  Advanced financial analysis and modelling skills with specific experience in one of several of the following: analysing companies, fixed income securities or equity investments
  
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  Inquisitive nature, driven to excel in all aspects of the analytical process and in assessing opportunities through different asset classes
  
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  Enquiring and analytically minded with a logical and thorough work ethic
  
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  Must possess the desire and ability to work in a team-orientated environment
  
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  Excellent written and verbal communication skills
  
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  Must be fluent in English
  
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  Fluency in a second language is preferred
  

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide.

For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.