Leveraged Finance Senior Credit Analyst PGIM Fixed Income, London based A GLOBAL LEADING ASSET MANAGER WITH A DIVERSE & INCLUSIVE CULTURE As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world. We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can What you will do The Credit Analyst reports into the Head of European Leverage Finance Credit Research and is responsible for providing recommendations for leveraged bank loans and high yield bonds investments to the Portfolio Management teams, undertaking ESG assessments on issuers and in providing on-going credit research capabilities for monitoring positions held in client portfolios. What you can expect Perform in-depth quantitative and qualitative research and complex analysis of industry and company-specific information as it relates to both new and existing securities in the UK and European sub investment markets. Evaluate specific risk/return opportunities consistent with portfolio guidelines and objectives. Specialise in up to 3-4 sectors in European markets with responsibility for all relevant bond and loan issuers in those sectors Provide purchase and sale recommendations to portfolio managers based upon thorough credit analysis, assessment of relative values and total return performance Analysis to include preparation and presentation of concise, well organized written findings. Prepare financial and operating statistics on corporate securities under investigation, utilizing quantitative and qualitative information obtained to determine financial and competitive advantages and disadvantages Analyse an issuers ESG credentials both as they pertain to credit risk but also undertake an assessment of an issuers impact in ESG terms. Familiarity with relevant issues (in conjunction with the ESG team) and an ability to engage with issuers is required. Keep abreast of new developments in fixed income markets to determine their potential value to portfolio performance. Understand global and European economic trends and develop a perspective on interest rate movements, credit spreads, yield curve/duration risks and currency risks. Build relationships with analysts at investment banks and other research houses and leverage those relationships to maximize the flow of timely information and to assist in monitoring and analyzing credits. Work closely with fixed income portfolio managers and credit analysts based both in Europe and the US to ensure consistency of process and investment opportunity. Proactively participate in strategy meetings and be able to offer advice and commentary on corporate bond/credit matters in a manner that seizes new opportunities and enhances returns. Track economic, market and industry data of importance Proactively monitor industry developments and recommend changes to exposures when warranted. Where appropriate, meet with, or contact, members of a company's senior management, customers, suppliers, auditors, banks, institutional lenders, trade organizations, investment bankers, research sources, rating agencies, and/or others to assist in making a proper investment decision. What you will bring Significant fundamental credit research experience with an investment management firm (preferred) Exceptionally strong skills in fundamental credit analysis and in-depth knowledge of the UK and European corporate credit markets. University degree and CFA, MBA, legal, accounting or other relevant professional qualification (preferred) Deep and broad understanding of relative valuation and trading relationships for individual issuers and across market sectors. Ability and willingness to render independent assessment of issuers, sectors and markets and communicate such in a coherent, concise and convincing manner. Ability to analyse and assess corporate and financial structures, covenants, interest rates and other terms. Knowledge of current events/trends impacting business issues (i.e. macro-economic, socio-political, industry, etc). Fundamental knowledge of the capital markets, and derivatives are an added bonus. Excellent IT application skills (Excel, Bloomberg, etc.) Excellent team player skills: must be a self-starter and work well in a team environment that includes investment colleagues, not only in Europe, but also around the globe. Excellent communication skills, ability to communicate concisely and effectively, both orally and in writing, proficiency in a second European language is a plus. Demonstrates strong leadership skills, ideally has some people management experience and capable of guiding / overseeing junior analysts Embraces and encourages change and development Excellent attention to detail, accuracy and completeness Strong critical thinking and logic skills Excellent written and verbal communication skills on all levels Embraces and encourages change and development Maintains high level of productivity and self-direction Enjoys being a part of a team but is able to work independently Proactive in solution solving Maintains a high level of productivity Strong critical thinking and logic skills Ability to develop and nurture business contacts. Ability to read and evaluate complex written documentation. Ability to manage and prioritize numerous tasks simultaneously. PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply. What we offer you Private Medical Insurance: PGIM offers private medical insurance and pays the full premium on behalf of all employees. Annual Leave of 25 to 28 days, based on years of service, at full pay. Retirement Savings Plan: Employees receive a company contribution of 10% basic annual salary and a maximum employer-matching contribution of 5% of basic annual salary. Life Assurance & Income Protection: Life Assurance for 8 times your basic annual salary, up to a max benefit of £1.8million. 60% of your basic annual salary for a limited payment terms of 5 years, at the end of which a capital sum of 2x your basic annual salary is payable. To find out more about our Total Reward package, visit https://youtu.be/acuhcv46Nz0 About PGIM Fixed Income PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. Our business climate is a safe inclusive environment, centered around mutual respect, intellectual honesty, transparency, and teamwork. Our leaders are focused on talent & culture; dedicated to fostering growth & development at all levels to develop the industry leaders of tomorrow. For more information, please visit PGIM Fixed Income About PGIM – Global Asset Management PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.34 trillion in assets under management as of June 30th 2024. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. With a history dating back 148 years, and experience through more than 30 market cycles, PGIM takes a long-term view, not only in our investment philosophy, but also in how we develop our talent. We want to see our employees excel from their first day with the firm and throughout their tenure with PGIM. We will inspire you, support you, and help you reach your greatest personal and professional aspirations. If PGIM sounds like the place for you, join us. For more information about PGIM, visit PGIM.com. Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. Our Commitment to Diversity, Equity, and Inclusion PGIM has a long-held commitment to advancing diversity, equity and inclusion, rooted in the belief that this is a prerequisite for PGIM's success and sustainability. We work to attract, retain, develop and promote talent at all levels and aim to have a workforce that reflects the communities where we work, live and invest. We are intentional about creating a workplace where everyone has a voice and is welcomed, valued, respected and understood. From the moment people join PGIM, we pledge to help them unlock their full potential. Together, we are shaping a future where talent knows no boundaries. - Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom. Prudential is a multinational financial services leader with operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, asset management, and real estate services, some of which may not be available in your area. We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference can grow as professionals, leaders, and as individuals. Visit www.prudential.com to learn more about our values, our history and our brand. Prudential is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law.