Investment Analyst – Fixed Income

Federated Hermes Limited; England; On-site; GBP 50,000 - 75,000; Full time

Job summary

A leading investment management firm in the UK is seeking an experienced Investment Analyst to evaluate and analyze the risks associated with high yield and investment grade credit products. The role involves developing investment views, engaging with company management, and presenting recommendations within a collaborative team environment. Ideal candidates should possess a relevant degree, strong analytical skills, and a minimum of three years of credit research experience. This position is located in London and is a full-time opportunity.

Qualifications

• Minimum of 3 years in credit research or related field.
• Familiarity with bonds, loans, and credit default swaps.
• Proficient in financial modeling.

Responsibilities

• Analyse and price risks of global companies.
• Develop investment views and make recommendations.
• Engage with company management and attend meetings.

Skills

Analytical skills

Communication skills

Team player

Project management

Education

Degree in relevant subject

CFA designation

Tools

Microsoft Excel

Bloomberg

Job description

Job title

Investment Analyst – Fixed Income

Location

London

About Federated Hermes

Federated Hermes, Inc. is a global leader in active, responsible investment management, with $871.2B in assets under management, as of October 31st, 2025. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed income, alternative/private markets, multi‑asset, and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.

Our clients include corporations, government entities, insurance companies, foundations and endowments, banks, and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York and offices worldwide. For more information, visit FederatedHermes.com

Main Function of the role

Analyse and price operating, financial and ESG risks of global companies in a handful of benchmark sectors for the purpose of investing in a suite of high yield and investment grade credit products through a variety of securities, including bonds, credit default swaps, and loans. Make investment recommendations for portfolio sector and company positioning as risks and/or values change.

Key task and responsibilities

• Initiate and maintain research coverage on credits on a global basis.
• Develop investment views by researching and analysing sector and issuer‑level news, earnings, ESG related developments. Build and maintain financial models, comparable tables and relative value spreadsheets (e.g., within the capital structure and among peers and across credit instruments). Assess and price ESG risks via our proprietary ESG pricing tools. Assess valuations of various credit instruments across capital structure and produce investment recommendations. Provide updates on issuer related developments daily and present investment analysis at our bi‑weekly investment committees.
• Assign and maintain investment scores (credit, ESG, value) for covered credits and proactively make investment recommendations for trades and to changes of portfolio positioning based on changes in either credit risks, valuation, or anomalies in the market.
• Research, analyse, form views, and assign sector investment scores.
• Engage with company management/investor relations at conferences, on earnings calls, and participate in engagement meetings with companies along with Fixed Income and EOS (Equity Ownership Services) engagers.
• Attend and contribute to the various Federated Hermes Fixed Income meetings/investment process including: Morning Meeting; Bi‑Weekly Credit Committee; Sector Meetings; Barometer; Multi‑Asset Credit Strategy meeting, firmwide market update calls etc. Maintain an active dialog with other analysts, engagers, traders, and portfolio managers to assess and react to changes in news and events.
• Participate in firmwide cross asset collaboration initiatives, including FHOne, EOS on engagement activity, equity teams on sectors and companies as well as cross asset sector meetings and publications.
• Speak with the sell‑side as needed (comparison of views, attending conferences, etc).
• Make themselves available to clients, potential clients as needed.
• Contribute to the Fixed Income Team’s body of public commentary and investment newsletters.
• Ensure adherence to and upkeep of appropriate record keeping and filing systems, in line with company policy, to ensure an adequate record of the application of the decision‑making process and in particular having regard to the FCA principles for businesses and individuals.

Experienced Required

• Familiarity with analysing investment opportunities across different currencies and geographies, including European, North American and Emerging Market issuers.
• Numerate, accurate, reliable and a good team player.
• Successful completion and self‑management of projects.
• High standard of communication (oral and written) and team working skills.Demonstrable experience in taking on investment risk.
• MBA and/or CFA designation would be ideal but are not required.

Minimum Experience Required

• Relevant market experience – likely to have a minimum of 3 years of experience in credit research, either from another buy‑side organization, an investment bank/research firm, or credit rating agency.
• Familiarity with different credit products, including bonds, loans and credit default swaps.
• Highly computer literate and able to develop and maintain detailed financial models in Microsoft Excel.

Candidate Profile

The Fixed Income team of Federated Hermes is looking for a credit analyst with experience in analysing both investment grade and high yield capital structures, and assessing value across debt instruments (e.g., cash, CDS, etc).

The candidate should demonstrate confidence in their skills, present well and be able to represent the Fixed Income Team in various situations—e.g., management meetings, investor conferences, meetings with the sell‑side. The candidate should also show demonstrable comfort with taking risk by way of linking credit and ESG views to security selection and investment recommendations. We seek a team player who is willing to support the growth and development of our Fixed Income business.

• Proficient in the basic tools of financial analysis (Excel, Bloomberg—news monitoring tools, yield analysis, relative value analysis, PowerPoint).
• Ability to read/understand/analyze with a high degree competency the financial statements of corporates.
• Identification/Analysis of the drivers of credit risk, and pricing of those risks on a relative basis within the capital structure and among peers and across credit instruments (cash and synthetic)
• Degree in relevant subject, CFA designation would be a plus

Diversity, Inclusion and Flexible Working

We believe in genuine opportunity, fairness, and respect for all applicants and aim to ensure that no current or prospective employee is subject to discrimination or treated less favourably on the basis of their disability, gender identity or expression, race, ethnicity, religion or belief, marriage or civil partnership, pregnancy and maternity, age, sex, or sexual orientation, or disability.

We understand that applicants may have different needs and expectations related to their working arrangements and are committed to a discussion on flexible working. Please raise these with your Recruitment contact to discuss what type of arrangements can work for you and the role for which you are applying.

We welcome applications from all eligible candidates, and we particularly encourage applications from qualified candidates who identify as women and/or are from a Black, Asian and Minority Ethnic background, as these groups are underrepresented throughout the financial services sector.

We are a Disability Confident Employer and participate in the “Offer of Interview” scheme, intended to actively encourage applications from people with a disability or long‑term condition and offer an interview to those who meet the minimum criteria set out within this job description. You will need to let us know if you would like to opt in to this scheme by contacting Jessica Sheehan at [e-mail] or [phone]. You do not need to share details of your disability or long‑term condition.

If you would benefit from alternative methods of applying or for workplace adjustments during the recruitment process, please also let us know by contacting Jessica Sheehan at [e-mail] or [phone] to discuss the support you need.