About the Opportunity Job Type: Permanent Application Deadline: 22 March 2025 Title Credit Analyst Department Global Investment Research - Fixed Income Location London Reports To Director of Research Level 7 We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our [insert name of team/ business area] team and feel like you’re part of something bigger. Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more. As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond. About your team Fixed Income Research focuses on identifying value added-investment ideas within the Fixed Income asset class as well as on collaborating with our colleagues in Equities, Private Credit, Real Estate and Systematic and Multi-Asset to generate ideas for all Fidelity clients. About your role We are searching for a Credit Analyst, ideally with experience covering Emerging Market (EM) sovereign debt, including both hard currency and local currency debt. The Analyst will be responsible for coverage of sovereigns in Asia and other regions. The role is expected to be based in London. As a Credit Analyst, you will be a highly valued core member of the research and investment team (which include portfolio managers, traders and quantitative research analysts) and actively participate in strategy sessions that address credit trends, investment decisions and asset allocation. The successful candidate will also be expected to build close working relationships with their peers in London, Toronto, Continental Europe, Hong Kong, Shanghai and India within the fixed income and equity divisions. Key Responsibilities Provide fundamental coverage of an issuer within the global fixed income markets to contribute investment ideas that generate positive performance for our clients’ funds Participate in team-oriented structure, working daily with traders, portfolio managers, quantitative analysts and investment directing Prioritise core credit coverage from a larger sector universe by coordinating with investment team to find ideas that are most relevant for our funds to generate positive performance Credit Research Process Perform fundamental analysis on your coverage to evaluate the creditworthiness of an issuer and assess the relative value of its bonds Incorporate ESG analysis into your analytical process and overall investment thesis. You are expected to become the internal sector expert for the fixed income team Conduct primary and secondary research of your coverage Build and maintain detailed models, in conjunction with research specialists, that express your views and recommendations for your coverage Lead issuer’s meetings, both in-house and externally, often in coordinating with PMs and equity colleagues Communication / Collaboration Participate in regular team meetings across our range of fund disciplines Publish internal research notes that express your conviction and recommendations to the investment management team Partner with your trading desk counterpart to form relative value views taking liquidity considerations into account. Maintain regular issuer contact, including in-house and external meetings; this may include travel Participate in cross-asset class meetings with equity colleagues to sharpen your views Exhibit the values and behaviours expected of all Fidelity International employees Other responsibilities Work together with and mentor research associates / sector specialists who provide analytical and data support Represent Fidelity International in meetings with our clients, in both 1x1 and presentation formats Work closely and build relationships with peers in UK, Europe and Asia across the entire firm, including the equities, multi-asset, sales & distribution, and technology teams About you Experience and Qualifications Required Substantial experience as a Sovereign or Credit Analyst covering Emerging Market sovereigns, FX and rates with a focus on Asia and non-Asia EM markets Solid track record of recommending alpha-generating trade ideas in hard currency, local currency and FX across a range of investment strategies Understanding of sustainability aspects and/or goals of various countries (& quasi sovereign corporates) under coverage. Ability to communicate trade recommendations and monitor trade ideas A collaborative approach to working Ability to engage with the Fixed Income quantitative team, leveraging their models in your own investment process Understanding of Fixed Income securities and relative value tools Good communication skills and the ability to build effective relationships Flexibility in attitude and approach Willingness to undertake international travel Feel rewarded For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com. As an international financial services organisation, we are in-scope of international regulations in the way that we carry out our work. This position is involved in work that is regulated by the FCA and/or the PRA and their Individual Conduct Rules (COCON) apply to it, along with any other regulation. We provide training on COCON and how it affects our employees. More information about COCON can be found in the Employment Handbook.