SENIOR CREDIT ANALYST, ASIAN HIGH YIELD

Recruitment Intelligence Consultants Limited; Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Job summary

Recruitment Intelligence Consultants Limited's client, a well-established insurer in the Asia-Pacific region, seeks a Senior Credit Analyst specializing in Asian High Yield to lead bottom-up credit research and risk monitoring across issuers.

The role focuses on originating high-conviction recommendations, building and stress-testing financial models, and providing strategic input to portfolio decisions with emphasis on long-term risk-adjusted returns.

Qualifications

• 5–7 years of dedicated credit research experience in Asian High Yield / Stressed Debt
• Bachelor’s degree or higher in Finance, Economics, Accounting, or related field; CFA preferred
• Advanced financial modelling skills with cash flow stress-testing and balance sheet analysis
• Deep understanding of Asian credit markets, insolvency frameworks, and bond covenants
• Familiarity with insurance regulatory capital frameworks (e.g., Solvency II, HKRBC) and rating agencies
• Proficiency in Bloomberg, Capital IQ, and Excel; English and Mandarin fluency

Responsibilities

• Conduct deep-dive fundamental credit research on new issue primary offerings and secondary market opportunities across Asian High Yield issuers
• Formulate long-term investment recommendations (Buy/Hold/Sell) that optimize risk-adjusted yield within portfolio constraints
• Build, maintain, and stress-test multi-period financial models and liquidity profiles
• Evaluate bond covenants, debt seniority, and legal documentation to protect portfolio
• Provide coverage of sectors/issuers; identify credit deterioration and liquidity stresses ahead of market consensus
• Assess impact of credit migration on capital charges, ALM, and liquidity needs
• Participate in portfolio review meetings with commentary on spreads, allocation, and default/recovery distributions
• Monitor external asset managers’ credit mandates for adherence to guidelines

Skills

Financial modelling

Credit research

Cash flow analysis

Risk assessment

English & Mandarin

Education

Bachelor’s degree in Finance/Economics/Accounting

CFA charterholder preferred

Tools

Bloomberg

Capital IQ

Excel

Job description

Our client is a well-established insurance company with an unparalleled reputation across the Asia Pacific region. With the continued growth of the organization, the need has arisen to recruit high calibers to join them.

Senior Credit Analyst specializing in Asian High Yield to drive bottom-up fundamental credit research, relative value analysis, and risk monitoring across Asian corporate and sovereign issuers. Responsible for originating high-conviction credit recommendations that support multi-asset and fixed income portfolios, with a disciplined focus on long-term risk-adjusted returns, downside protection, capital preservation, and portfolio rating stability.

Responsibilities

Fundamental Credit Analysis & Portfolio Recommendations

• Conduct deep-dive fundamental credit research on new issue primary offerings and secondary market opportunities across Asian High Yield corporates and sovereigns.
• Formulate and present actionable, long-term investment recommendations (Buy/Hold/Sell) that optimize risk-adjusted yield while adhering to portfolio mandates and Risk-Weighted Capital (RBC/Solvency) constraints.
• Build, maintain, and stress-test multi-period financial models, liquidity profiles, and cash flow projections under adverse macroeconomic and sector-specific scenarios.
• Evaluate bond covenants, corporate structures, debt seniority, and legal documentation to safeguard portfolio holdings against structural subordination or event risks.
• Provide continuous coverage of assigned sectors and issuers, proactively identifying credit deterioration, rating downgrade risks, or liquidity stresses well ahead of market consensus.
• Assess the impact of credit migration (e.g., Fallen Angels, Rising Stars) on portfolio capital charges, asset-liability matching (ALM), and liquidity requirements.
• Participate in portfolio review meetings, providing strategic commentary on credit spread trends, sector allocation, and default/recovery probability distributions.
• Monitor and evaluate High Yield / Global credit mandates managed by external asset managers outside Asia, tracking their credit selection, performance attribution, risk exposure, and adherence to investment guidelines.

Special Situations & Workout Oversight

• Monitor distressed or restructuring credits within the portfolio, formulating recovery strategies and participating in creditor committees or liability management exercises when necessary.
• Provide clear liquidation/waterfall analysis to estimate recovery values and minimize capital loss on impaired positions.

Experience

• With 5–7 years of dedicated credit research experience in Asian High Yield / Stressed Debt, ideally within an asset management firm, insurance investment division, or premier buy-side institution.
• Bachelor’s degree or higher in Finance, Economics, Accounting, or a related quantitative field. CFA charterholder preferred.
• Advanced financial modelling skills with strong proficiency in cash flow stress-testing and balance sheet analysis.
• In-depth understanding of Asian credit markets, local insolvency frameworks, and bond covenants.
• Familiarity with institutional portfolio constraints, insurance regulatory capital frameworks (e.g., Solvency II, HKRBC), and rating agency methodologies (S&P, Moody’s, Fitch).
• High proficiency in Bloomberg, Capital IQ, and advanced Excel.
• Excellent oral and written communication skills in English and Mandarin.

(Applicants not contacted within 4 weeks should consider their application unsuccessful.)