O poziciČSOB Asset Management, a member of KBC Asset Management Group, is hiring
a Buy-Side Credit Analyst (with a strong focus on High Yield).
KBC Asset Management group manages more than 200 bn EUR for its customers in all KBC home markets (Belgium, Czech Republic, Hungary, Slovakia and Bulgaria). In Belgium KBC AM is the clear market leader, in the Czech Republic ČSOB AM is one of the leading asset managers, active in fund management and the management of discretionary portfolios of institutional and private clients.
We are currently building up a Credit Analyst team and our new colleague will join the cross-asset Investment Research department. This department is responsible for advising on the bottom-up security selection implemented in equity and credit funds and client mandates. As such the department plays a key role in the investment processes and carries direct responsibility for the achieved investment outcomes/PandL.
The Investment Research team is mainly working from Brussels, Belgium, but with a second-growing antenna in Prague, Czech Republic. The current vacancy will be based in Prague but includes regular travel to Brussels. There is close co-operation cross-border as Portfolio Managers are based in Belgium, Ireland and Czech Republic.
Co bude Vaše práceAs a buy-side credit analyst you keep yourself up to date regarding economic, political and financial market developments. You have a clear understanding regarding the drivers of financial markets and in particular credit asset performance.
As a bottom-up analyst you will take responsibility for analyzing individual issuers and securities in particular sectors or segments of the European High Yield and Investment Grade issuers. You have a passion for sectoral and micro research, and for financial analysis.
You use your insights to assess issuer credit quality and security characteristics through modelling and forecasting cash-flows to support clear investment recommendations. You also set internal credit ratings and develop broader investment cases. You take risk aspects into account and strive for well-balanced advice. Given KBC’s ‘ESG first’ investment approach, and with sustainability considerations more and more impacting financial market performance, you also focus on these aspects in your analysis. You are supported by a team of ESG experts.
In performing your analysis, you have regular contact with financial market players, credit rating agencies and with the management of the companies under your coverage. You follow the day-to-day news flow, monitor and give recommendations on primary issuance deals. You also attend credit conferences.
The results of your analysis are discussed continuously with the fund managers. The outcomes are either implemented directly in specific funds or serve as input for KBC AM’s broader Investment Strategy. The implementation of the views into the portfolios is done by the portfolio management team cross-border, but you will work in close collaboration with them to ensure the correct reflection of the strategy. We continuously measure the quality of our advices and decisions and act upon it. We are a learning organization.
Key Duties and Responsibilities: what do we expect from you?
Follow day-to-day sector and corporate news.
Perform in-depth credit analysis of issuers with a bottom-up approach.
Bez čeho se u nás neobejdete?Knowledge, Education and Experience:
You are a university graduate (minimum Master’s level) with above average analytical skills.
Additional qualifications such as CFA (or willingness to acquire the certification) are a plus.
You have at least 7 to 10 years of experience as a credit analyst on European High Yield bond issuers, within a rating agency, an asset manager, an investment bank, a bank credit department, or similar.
You have knowledge of high yield bonds’ covenants.
You are professionally fully proficient in English. Knowledge of Czech language is an advantage (but is not required).
You are willing to travel (post-Covid) regularly between KBC home markets (mostly between Prague and Brussels).
You are computer literate (MS Office, cloud collaboration tools, experience with Bloomberg and/or Refinitiv is an advantage).
You enjoy working internationally and independently, while organizing and prioritizing a diverse task-set, and contributing to a larger cross-border team.
As a senior team player, coaching less experienced colleagues (to achieve together stronger results) gives you energy.
Nabízené BenefityFlexible workspace (home office possible)
Extended holiday leave by one week
Leave of absence for reasons of health with compensation of wages in excess of that required by the Labour Code (5 “Sick days”)
Contribution towards additional pension insurance with state contribution – this concerns contracts concluded with all pension funds (not only those with the ČSOB group)
Contribution towards private life insurance for selected products by the ČSOB Pojišťovna
Company kindergarten (for children from one to four years)
Activities included in the cafeteria system program – leisure time activities (provided for the elapsed calendar year)
Contribution during extended illness
Social team activities, cultural events
Health program (preventive medical care)
Základní údaje o pracovní pozici
- Credit Analyst Senior in KBC Asset management
- Typ pracovního poměru:
- Práce na plný úvazek
- Místo výkonu práce:
- Hlavní město Praha, Česká republika
- Minimální stupeň vzdělání:
- Vysokoškolské / univerzitní
- Další informace o volném místě:
- Pozice není vhodná pro OZP.
- Kontaktní osoba:
- Jakub Seiner