Desk Analyst - Euro High Yield

ING; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a motivated individual to join their Global Research team. This role involves supporting High Yield traders through in-depth company analysis, identifying market opportunities, and collaborating with various departments. You will have the chance to develop your career through training and autonomy while contributing to impactful research that drives client revenue. The company values integrity, teamwork, and a positive mindset, fostering an inclusive culture that promotes work-life balance. If you're ready to take your analytical skills to the next level, this opportunity is perfect for you.

Qualifications

• 3+ years’ experience in European High Yield Credit Research.
• Strong analytical and presentation skills are essential.

Responsibilities

• Support High Yield traders through fundamental company analysis.
• Identify market opportunities and propose trade ideas.

Skills

Analytical Skills

Presentation Skills

Communication Skills

Team Player

Adaptability

Education

University degree (at least 2:1)

Advanced degree (post-graduate)

Degree in maths/finance/economics/engineering

Tools

Excel

Python

Job description

Research Department Overview:

ING’s Global Research team helps to define ING’s group strategy of thought leadership and building a strategic dialogue with a broad range of ING’s customer base, including Financial Institutions, Corporates and - via ING’s new free-to-air website THINK - retail clients.

The department consists of a broad range of economists, sector specialists and strategists, with a wide geographic and product diversity. Content is delivered via website, email and direct contact with internal and external customers, with a preference for concise and easily accessible communication using all forms of media.

The key purpose of the department is to boost client revenue by marketing a highly rated, incisive, thought-provoking, original and stimulating research product. This provides ING with a solid platform from which sales teams can leverage in order to increase business flows and deals.

The department also plays an active role in marketing ING’s expertise through external client meetings/visits and also through frequently appearing in key media outlets.

The Global Research team strictly delivers independent research with full adherence to all regulatory and compliance criteria.

Main Duties and Responsibilities of Role:

Support of the Global Credit Trading department and specifically the High Yield traders through fundamental analysis of companies with a high yield rating. The candidate will work closely with team members and interact regularly with Trading, Sales, WB Sectors and DCM.

• This is a desk analysis role; therefore the candidate will spend most of its time with the traders at the trading desk.
• Helping traders identify market opportunities by analysing issues/issuers in coverage list. This will involve credit analysis and industry analysis.
• Propose trade ideas.
• Work with sales and traders to pitch these ideas to investors.
• Follow daily news/announcements on coverage universe with a view to providing useful inputs to traders.

Coverage is determined by input from the trading desk, special situations, credit events and news on companies determines the day-to-day analysis and will span numerous sectors.

• Identify opportunities to increase market share and promote ING's Credit franchise.
• Occasionally will be asked to support other areas of business such as DCM or WB sectors.
• This role is part of the Research team to ensure that views are aligned to the Global Research team’s views.
• Support to sales can come by joining meetings to provide views on the markets and issuers. Help in creating sales notes on special interest companies. (There will be no publication of reports).

Career Potential

Each analyst will be given training and autonomy straight away and will be offered a development plan to grow in their career at ING.

Candidate Profile

Qualification/Education

Essential:

• University degree (at least 2:1).

Desirable:

• University degree from a top university most likely in a maths/finance/economics/engineering degree.
• Advanced degree (post-graduate).

Experience/Knowledge

Essential:

• At least 3 years’ European High Yield Credit Research experience.
• Good understanding of other credit product areas.

Desirable:

• CFA.
• Coding Skills: Excel, Python.

Personal Competencies

Essential:

• Can do’ attitude, positive mindset, adaptability and resilience.
• Genuine team player.
• Strong analytical skills.
• Strong presentation skills.
• Clear, concise, and transparent communicator.
• Disciplined, customer-focused and results-driven.
• Able to work under pressure and in a high-paced environment.
• Accountable for own actions and able to learn from mistakes.
• The candidate will need to pass all regulatory exams.

ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague is given the opportunity to contribute to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead).

For us, success will only be achieved if we act with Integrity.

Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.