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Votre environnement de travail

Le siège social du Groupe AXA (GIE AXA) regroupe nos activités corporate. Il assure le pilotage et le support des filiales dans le monde, afin de garantir notamment la coordination et le suivi de la stratégie globale d’AXA, l’application de ses standards, la cohérence des approches commerciales, et le partage des meilleures pratiques. 

Le siège est composé d’environ 1000 employés et se distingue par sa forte culture internationale (45 nationalités), ce qui en fait un espace de travail riche et stimulant.

C’est autour de la diversité et de l’unité que se construit AXA, c’est pourquoi nous nous engageons à promouvoir le succès collectif par l’inclusion.

Within the Group, you will join Group Investment & Asset-Liability Management (“GIA”) department. GIA role is to consolidate local investment decisions, leverage on financial expertise through the Group and steer investment ideas. The team works in close collaboration with AXA’s worldwide investment teams and top-tier investment managers including AXA IM to deploy capital across various asset classes. Overseeing over EUR600bn of Assets Under Management (“AuM”), GIA is organized into four teams (c.50 professionals) under the leadership of the Group Chief Investment Officer (“Group CIO”).

Within the department, you’ll join the EM Sovereign Research team and report to CIO IMA.

The research coverage encompasses periodic (12 to 18 months) in-depth credit assessment leading to an Internal Credit Rating and an Investment Eligibility status proposal, to be presented to an internal credit committee for validation. The research coverage encompasses on-going monitoring of news-flow, drafting of surveillance notes in case of material events, proposing ad-hoc credit review to propose a change in rating and or eligibility status.

AXA has developed an internal sovereign methodology to assess the creditworthiness of EM Sovereigns that also integrates the assessment of the credit materiality of E/S/G issues.

This job is based in Madrid or Paris. 

Your job and daily missions:

JOB PURPOSE

Your mission is to assess the creditworthiness of EM Sovereigns and propose Internal Credit Rating for a set of EM Sovereigns relevant to AXA Group’s investment portfolio.

You will also provide ad-hoc research analyses regarding the EM Sovereign Credit Research, when relevant. 

You will also contribute to the EM Sovereign Comprehensive Review, EM Sovereign Research team’s annual review of all EM Sovereigns in its coverage.

CONTEXT AND MAJOR CHALLENGES

To achieve its mission, you will have the responsibility to cover a set of EM issuers, relevant to AXA Group’s credit book:

- perform a fundamental credit analysis of issuers under your coverage

- monitor the credit profile for your covered issuers, with a special focus on the rating migration risk

You need to have a critical view on issuers based on various sources of information, discussions with asset managers, meetings and/or calls with the issuers and various market participants as well as rating agencies. 

You will be confronted to lower level of data transparency and access to information than for analysts covering Developed Markets (DM) issuers. You are well conscious of this dimension when providing fair, balanced credit assessments. 

You need to understand the potential evolution of the factors impacting creditworthiness of these issuers under different scenarios (including stressed scenarios) and propose proper eligibility recommendation.

You will follow the financial markets, economic news-flow, and other credit events related to the issuers in your coverage and beyond. This comprehensive monitoring allows you to recommend changes in his/her recommendation. You also understand the mechanisms of the financial markets as well as advanced financial and economic concepts and theories.

You will work closely with the EM Sovereign Credit Officer to ensure consistency of research coverage and output. You may carry out other tasks for the EM local entities of AXA Group, for the Group Risk Management (“GRM”), or for senior management.

KEY ACCOUNTABILITIES

·       Write in-depth Credit Assessment (CA) reports with internal credit rating and proposals for eligibility status

·       Produce timely surveillance notes on key credit events 

·       Provide feedback, information or alert when changes in economic, financial conditions are detected

·       Any other ad-hoc team project, e.g., development of alert tool, and other data analysis initiatives

·       Build relationships outside the team (asset managers, GRM, local entities etc) as well as outside the Group (with rating agencies, issuers, brokers etc). 

·       Work closely with EM Sovereign Credit Officer

Vous rejoignez une entreprise :

-    Responsable, vis-à-vis des personnes, y compris ses employés et ses clients, et de la planète. -    Aux valeurs fortes-    Qui encourage la mobilité interne, et la formation de ses employés-    Qui vous offre de nombreux avantages (en savoir plus ici : Reward & Benefits - french | AXA Group)-    Flexible, qui permet le travail hybride, au bureau et à la maison.

Les informations fournies par les candidat(e)s seront traitées de manière strictement confidentielle et utilisées uniquement à des fins de recrutement.

Let’s talk about you:

MAIN COMPETENCIES AND EXPERIENCES

 Technical skills:

·       Strong credit analysis’ skills.

·       Analytical and technical skills enable you to perform the fundamental credit analysis of your covered issuers.

·       Strong understanding of global economics, macroeconomic concepts and major financial indicators.

·       Strong writing and communication skills in English.

The targeted background for the EM Sovereign Senior Credit Analyst includes:

·       Master’s degree in Economics, Public Policy, Finance or Business

·       Around 4 years of experience in credit analysis and relevant work experience in a financial or an international institution

·       Fluency in written and spoken English

·       CFA or equivalent can be a plus

Soft skills:

·       Autonomous to perform your fundamental reviews and communicating your recommendations. 

·       Strong communication skills to clearly communicate your analytical convictions.

·       Ability to seek dialogue with your peers to understand and consider the different aspects of the various issues which can often be very complex.

·       Organization skills and ability to deliver under tight deadlines.