Director, Covenant Analyst

Fitch Group; London; Hybrid; GBP 70,000 - 95,000; Full time

Job summary

CreditSights, part of Fitch Group, is seeking a Senior Covenant Analyst in London. The role involves writing analytical research, helping clients understand covenants, and mentoring juniors. This position offers professional growth in a hybrid work environment with a culture promoting learning and health wellbeing.

Benefits

Hybrid work environment

Continuous learning and mentorship programs

Retirement planning and tuition reimbursement

Comprehensive healthcare offerings

Generous parental leave

Paid volunteer days

Qualifications

• Extensive legal experience in leveraged finance (primary, secondary, distressed markets) required.
• Excellent networking and relationship building skills.
• Effective written and verbal communication skills.

Responsibilities

• Write analytical research on leveraged loan covenants.
• Aid asset managers in understanding covenant terms.
• Answer client inquiries on various covenants.

Skills

Networking skills

Communication skills

Team collaboration

Commercial awareness

Education

Senior legal experience in leveraged finance

Job description

CreditSights is currently seeking a Senior Covenant Analyst based out of our London office.

Celebrating its 25th anniversary this year, CreditSights continues to offer award-winning, unbiased research on global credit markets, empowering clients to make informed investment decisions. With offices in New York, London, Singapore, Glasgow, Denver, and Charlotte, we serve a diverse global institutional client base, including banks, investment advisors, mutual funds, and hedge funds. As a leading voice in credit research, our expert insights are featured in top publications such as Bloomberg, The Wall Street Journal, and Financial Times. As a Fitch Solutions Company, CreditSights provides a dynamic environment fostering professional growth and innovation, where you collaborate with seasoned analysts to deliver critical intelligence in complex financial markets.

Working at CreditSights offers the chance to be part of a premier independent credit research firm, renowned for its in-depth analysis and insights. You'll collaborate with a team of seasoned analysts, delivering critical intelligence that helps clients navigate complex financial markets. This dynamic environment encourages professional growth and innovation, enabling you to make a meaningful impact in the field of credit research.

About the Team

Covenant Review, part of the Fitch Group, is the market leader in high yield bond and loan covenant analysis to the European and North American leveraged finance community. We’re now hiring an experienced qualified lawyer in leveraged finance as a Senior Covenant Analyst in Europe.

How You’ll Make an Impact:

• Write analytical research on leveraged loan covenants as new issuances are marketed in the primary market. Candidates must have extensive experience in analyzing complicated covenant packages with an eye towards potential sponsor-type aggressive transactions.
• Aid asset managers and CLO managers understand the most important terms of the covenants and suggest improvements.
• Write research on leveraged loan covenants for secondary market transactions.
• Write event-driven research and reports on special situations as they develop in the market. This includes analyzing an issuer’s capital structure and producing special reports on how various covenants in the borrower's debt documents may be implicated by various potential transactions.
• Answer client questions on the covenants of various borrowers, which can vary from very simple to complex inquiries, and can include assisting portfolio managers who are time sensitive
• Assist juniors on their leveraged finance training and answering questions on their related work
• Assist in developing a data product that is being developed across Fitch
• Work with our sister companies that are part of the Fitch Group, including CapitalStructure as well as Fitch Ratings
• Leading and / or speaking at client pitches, seminars, and teach-in
• Speaking at industry conferences

You May be a Good Fit if:

• Extensive, relevant legal experience in leveraged finance (primary, secondary, distressed markets)
• A keen commercial awareness of financial markets and leveraged finance
• Excellent networking and relationship building skills
• Effective written and verbal communication skills conveying messages accurately and concisely
• Team player, but also able to work effectively alone (help is always available)

Why Choose Fitch:

• Hybrid Work Environment: 3 days a week in office required based on your line of business and location
• A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity
• Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
• Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
• Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
• Inclusive Work Environment: A collaborative workplacewhere all voices are valued, withEmployee Resource Groups that unite and empower our colleagues around the globe
• Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community

Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch’s credibility and reputation, our employees must take every precaution to avoid conflicts of interest or any appearance of a conflict of interest.Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.

Fitch is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluatequalified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

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