We are a leading European Independent Credit Research firm founded in 2004, dedicated to European corporate issuers. The team is expanding alongside the ongoing expansion of the Euro High Yield, Corporate Hybrids and Convertible Bond markets.

We are looking for a Senior Corporate High Yield Credit analyst, supervised by our Head of Credit Research. The position will be central in SR ESG Analysis using SR’s proprietary methodology on ESG risks suited for the European High Yield market.

The role will imply travels and roadshows in Paris, London, Frankfurt, Milano, Geneva, Zürich, including interaction with our ESG teams in Paris.

Responsibilities

• To publish in-depth & timely credit research Reports on European High Yield and Cross-over companies including forecasts (financial modelling) and reactive credit updates within other industrial sectors. The focus will be largely on European HY issuers, but will also incorporate CB issuers as well as understanding specific credit risks related to hybrid bonds.

• To publish relevant newsflow comments, quarterly results comments, sector comments, trade ideas (cash market) and in-depth New Issue comments in timely constraints dictated by the primary market.

• To participate in the publication of team-based reports including the European Credit Stat HY Corporate Report, Monthly Valuation, the European Corporate HY Prospects, as well as regularly updated Marketing supports used for client & prospects meetings.

• To lead the Credit Research on internal ESG scores, publish special comments on ESG analysis and Sustainability-Linked-Bonds in the asset class

• To spot capital structure relative value & outright trade ideas on both primary & secondary markets.

• To communicate/meet with corporate bond issuers’ managements as well as asset managers and institutional clients across investor calls and seminars.

• To develop positive work relationships with team members and be involved in service improvements. This notably includes potential help related to Covenant analysis, ESG and sector input to support the publication of a new Issue comment in due-time by another analyst.

Job conditions

• Permanent contract based in Lyon

• Start up as soon as possible

• Remuneration package will be attractive, in line with your professional skills

• Between 2 to 4 years of experience as a credit analyst for low rated non-financial corporates within sell-side or buy-side investment institution, with the following background: High Yield or Emerging Corporate Bonds & CDS, Convertible Bonds, Leverage Loans.

• A Masters’ degree in Finance, ideally with CFA or equivalent.

• Excellent written & oral communication skills in English and French. German would be a plus. European passport or valid work visa is needed.

• Skills and knowledge on ESG methodology