Senior Credit Research Analyst

Scotiabank; Toronto; On-site; CAD 100,000 - 140,000; Full time

Job summary

A leading financial institution in Toronto seeks a Senior Credit Research Analyst to perform credit analysis and financial modeling for North American credit opportunities. Applicants should ideally hold an undergraduate degree in Finance or Accounting and complete the CFA designation, along with 10-12 years of relevant experience. This role involves analyzing hybrid securities, preparing credit summaries, and maintaining a credit risk database, within a dynamic team-focused environment.

Qualifications

• Minimum 10-12 years of experience in credit/investment analysis or related discipline.
• Experience with detailed modeling of company financial information.
• Self-motivated and results-driven professional.

Responsibilities

• Perform fundamental credit analysis and financial modeling of companies.
• Analyze corporate structures and covenants.
• Prepare credit summaries and recommendations.
• Maintain database for credit risk monitoring.

Skills

Fundamental credit analysis

Strong analytical abilities

Financial modeling

Evaluative capabilities

Problem-solving

Education

Undergraduate degree in Accounting, Finance, Commerce, or related field

Completion of the CFA designation

Tools

Financial analysis software

Job description

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Title: Senior Credit Research Analyst - 1832 Asset Management

Requisition ID: 246792

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

1832 Asset Management L.P. is one of Canada’s largest asset managers and offers a comprehensive range of solutions through Dynamic Funds and ScotiaFunds, spanning every major sector, geographic region and investment discipline. The firm and its predecessor companies have been providing asset management services in Canada since 1877, as a manager of mutual funds and providing investment solutions for private clients, institutions, foundations, endowments and managed asset programs.

Today, the firm has over $223 billion in assets under management, and its experienced investment management team is active across capital markets and asset classes, deploying traditional and innovative strategies driven to deliver investment management excellence for our clients across our domestic and international businesses.

1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank.

Is this role right for you?

As a member of Credit Research Team at 1832 Asset Management L.P., and as the Credit Research Analyst, Fixed Income, you are responsible for fundamental analysis of investment grade and high yield bonds, structured products and hybrid securities, focused primarily on North American credit opportunities. You are responsible for providing in-depth and perceptive research and analysis.

As the Credit Research Analyst, Fixed Income, you will be required to make recommendations to fixed income portfolio managers based on an analysis of credit fundamentals. You will also be responsible for the maintenance of credit files sufficient to satisfy compliance, regulatory, and internal fund manager requirements. This will require gathering and analysis of relevant financial, quantitative and qualitative industry, economic, regulatory and company-specific data.

In this role, you will be:

• Performing fundamental credit analysis and financial modeling of companies and securitized products
• Analyzing corporate structures and covenants, making recommendations regarding the relative attractiveness of debt, hybrid debt, and preferred shares
• Preparing credit summaries and credit recommendations under the direction of the Head of Credit Research
• Maintaining a database to facilitate the ongoing monitoring of credit risk positions, and watch lists
• Monitoring universe of potential investment opportunities and current holdings in the various Fixed Income portfolios, by gathering, consolidating and interpreting industry, company, and economic information from sources such as:
  • Corporate annual reports and other regulatory filings
  • Industry publications and online periodicals
  • Institutional research and Management interviews
• Participation in meetings with corporate management teams, investment bankers and analysts, with senior members of the Fixed Income team, documenting and reporting on meetings and other relevant news to the Fixed Income team
• The fundamental research process will include travel to industry conferences and corporate management meetings
• Identifying and communicating, in a timely manner, improving or deteriorating corporate credits

Do you have the skills and requirements that will enable you to succeed in this role? – We’d love to work with you if have:

• Undergraduate degree in Accounting, Finance, Commerce, or related field
• Completion of the CFA designation
• Seasoned and experienced credit professional with minimum 10-12 years of experience in credit/investment analysis, or related discipline
• Experience with detailed modeling of company financial information
• Strong analytical, evaluative, and problem-solving abilities
• Functional capability with financial analysis software
• Self-motivated and results driven
• Proven ability to work effectively as part of a team of investment professionals

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.