Credit Analyst - Investment Grade, Industrials

Fidelity International; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global investment firm in London seeks an experienced Credit Analyst to evaluate creditworthiness and bond value within the Industrial sectors. The role involves collaborating with trading teams and conducting thorough analysis including ESG factors, working closely with global colleagues to enhance investment strategies. Candidates should possess significant analytical experience, ideally with a CFA qualification, and be flexible in their working approach.

Qualifications

• Substantial experience as a Credit or Equity Analyst.
• Experience in modelling and relative valuation for companies.
• Ability to engage with quantitative teams.

Responsibilities

• Evaluate creditworthiness of issuers and assess bond value.
• Conduct fundamental analysis and incorporate ESG considerations.
• Collaborate with traders and portfolio managers.

Skills

Fundamental analysis

Credit valuation

Collaboration

Communication skills

ESG analysis

Education

Degree or equivalent experience

CFA charterholder

Job description

About the Opportunity

Job Type: Permanent – Application Deadline: 27 October 2025

Fidelity International provides investment solutions, services, and retirement expertise to more than 2.5 million customers globally. With a 50‑year heritage and $608.7 billion in total assets, our clients range from central banks and sovereign wealth funds to private individuals.

Our Workplace & Personal Financial Health business offers individuals, advisers, and employers world‑class investment choices, third‑party solutions, administration services, and pension guidance. Combined with our Investment Solutions & Services business, we invest $437 billion on behalf of our clients.

We celebrate an inclusive culture and encourage applications from the widest mix of talent, regardless of age, gender, ethnicity, sexual orientation, gender identity, or social background.

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. Fidelity is a disability‑friendly company and welcomes conversations about reasonable adjustments during the recruitment process and beyond.

Department Description

At the centre of Fidelity’s success is our money‑management philosophy, unchanged since our founding. Our decision‑making places detailed research at the core. The Fixed Income Investment team manages client funds globally and spans Portfolio Management, Trading, Quantitative Analysis, Credit Analysis, and Investment Directing, across London, Continental Europe, Toronto, Hong Kong, Shanghai, Singapore, and Shanghai.

Our investment philosophy is built on the belief that investors look beyond traditional sources of alpha, a team‑based strategy that seeks a wide range of investment ideas, a commitment to proprietary research, and a quantitative team that rigorously analyzes risk.

Purpose of the Role

Fundamental Credit Analysts evaluate the creditworthiness of issuers and assess relative bond value. Together with trading, quantitative research, and portfolio managers, analysts communicate recommendations, influence decisions, maintain regular issuer contact, travel as needed, and collaborate with a global team of more than 30 analysts, research specialists in India and China, and over 100 equity analysts worldwide.

We seek an Investment Grade Credit Analyst covering Industrial sectors. The role is based in London and expects close collaboration with peers in London, Toronto, Continental Europe, Hong Kong, Shanghai, Singapore, and India across fixed income and equity divisions.

Key Responsibilities

• Cover Investment Grade Industrials sectors within Global ex‑Asia fixed‑income markets to generate positive performance for our clients’ funds.
• Work daily with traders, portfolio managers, quantitative analysts, and investment directing within a team‑oriented structure.
• Prioritize core credit coverage from a larger sector universe by coordinating with the investment team to find ideas most relevant to our funds.

Credit Research Process

• Perform fundamental analysis of companies and issuers to evaluate creditworthiness and bond value.
• Incorporate ESG analysis into the investment thesis.
• Become the internal sector expert for the fixed income team.
• Conduct primary and secondary research on companies and sectors.
• Build and maintain detailed models with research specialists that express views and recommendations.
• Analyze covenants and capital structures to select individual bonds or issuers for our funds.
• Lead company meetings—both in‑house and externally—often 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 conviction and recommendations to the investment management team.
• Partner with trading desk counterparts to form relative value views, taking liquidity considerations into account.
• Maintain regular issuer contact and meetings; this may include travel.
• Participate in cross‑asset class meetings with equity colleagues to sharpen company and sector views.
• Exhibit Fidelity International values and behaviors expected of all employees.

Other Responsibilities

• Work with research associates and sector specialists to provide analytical and data support.
• Represent Fidelity International in meetings with clients in both one‑on‑one and presentation formats.
• Build relationships with peers across the UK, Europe, North America, and Asia, including equities, multi‑asset, sales & distribution, and technology teams.

Experience and Qualifications Required

• Degree or equivalent experience, ideally a CFA charterholder.
• Substantial experience as a Credit or Equity Analyst, ideally as a lead analyst.
• Experience modelling and relative valuation for companies, ideally in Industrial sectors.
• A collaborative approach to working.
• Ability to engage with the Fixed Income quantitative team and leverage their models in your own investment process.
• Understanding of Fixed Income securities and liquidity of instruments in a company’s capital structure.
• Good communication skills and the ability to build effective relationships.
• Flexibility in attitude and approach.
• Willingness to undertake international travel.
• An interest or knowledge of the investment management or wider financial services industry.

We are committed to an inclusive, diverse workplace that encourages flexible working patterns to attract and retain top talent.