High Yield Analyst - Associate/Vice President

Nomura Holdings, Inc.; Greater London; Hybrid; GBP 95,000 - 130,000; Full time

Job summary

Nomura is seeking an Associate/VP High Yield Bond Analyst to join the NCRAM team in London on a hybrid basis. You will conduct bottom-up research on high yield issuers, contribute to Global/European HY portfolios, and build coverage across sectors with investment responsibility.

The role focuses on research, analysis, and recommending credit strategies within a buy-side environment, interacting with portfolio managers and economists in a dynamic team.

Qualifications

• Previous experience in high yield analysis or similar financial analysis.
• High-level understanding of fixed income market and economic research (bond math, risk, exposure).
• Some understanding of active management of fixed income securities, HY bonds.

Responsibilities

• Perform bottom-up research with thorough analysis of economic and industry trends and financial statements.
• Contribute to Global and European High Yield portfolios by researching corporate credits.
• Cover a variety of sectors over time to gain exposure to different companies.
• Provide investment recommendations for the capital structure and NCRAM strategies.

Skills

High yield analysis

Fixed income

Bond math

Job description

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Job Title: High Yield Analyst - Associate/Vice President

Job Code: 14460

Country: GB

City: London

Skill Category: Asset Management

Description:

Job Title: High Yield Analyst

Role Type : Permanent

Corporate Title : Associate/Vice President

Department : Nomura Asset Management UK/NCRAM

Reporting to : Lead PM - GHY

Location : London (Hybrid)

Company Overview:

Nomura is a financial services group with an integrated global network. By connecting markets East & West, we service the needs of individuals, institutions, corporates and governments through our four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking) and Banking.

Driven by the insights of some 28,000 people worldwide, we put our clients at the center of everything we do, delivering unparalleled access to, from and within Asia. For further information about Nomura, visit www.nomura.com

Department Overview:

NCRAM is a registered investment advisor managing approximately $40 billion in fixed income assets including high yield bonds, leveraged loans, emerging markets and distressed issues.

Role Overview:

Nomura Corporate Research and Asset Management (NCRAM) is looking for an Associate/VP level High Yield bond analyst. This is a buy-side role.

An analyst for the High Yield group will join a 23-person team and will take on responsibility for one or more industries over time. The primary focus is high yield bonds; however, the analyst will make investment recommendations for the entire capital structure and for all NCRAM of strategies.

Main Duties and Responsibilities:

• The analyst will perform bottom-up research that requires thorough analysis of economic and industry trends, financial statement analysis and knowledge of the markets.

• Contribute to Global and European High Yield portfolios by researching developed market European corporate credits.

• A key feature of the NCRAM program is that analysts, over time, will cover a variety of sectors, so he/she will be able to gain exposure to many different companies.

Skills & Experience:

• Previous experience in high yield analysis, or similar financial analysis.

• High-level understanding of fixed income market and economic research including both quantitative and qualitative concepts of bond math, risk and exposure.

• Some understanding of active management of fixed income securities particularly for HY corporate bonds.
  

Attributes:

• Strong academic qualifications.

• Clear spoken & written communication skills are required, as the role involves a great deal of interaction with investors, portfolio managers, economists and analysts.

• Candidates from related backgrounds such as investment banking or equity research are encouraged to apply.

Nomura Leadership Behaviours

• Explore Insights & Vision: Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

• Making Strategic Decisions: Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

• Inspire Entrepreneurship in People: Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

• Elevate Organizational Capability: Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

• Inclusion: Respect DEI, foster a culture of inclusion and psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

Right to Work

The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the UK (who require a Tier 2 Skilled Worker visa) we can only employ them if we can provide evidence that this is a genuine vacancy for a qualified role.

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to ensuring we best reflect the diversity of the communities we serve creating an inclusive environment for all our employees. We welcome all applications and do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex or sexual orientation.

If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.

Nomura is an Equal Opportunity Employer