Credit Analyst

Point72; West Palm Beach (FL); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Health benefits

Parental leave

Volunteer opportunities

Wellness programs

Tuition assistance

401(k) employer match

Job summary

Point72’s Macro Team in the United States seeks a credit research professional to generate ideas and support investment decisions across rates, credit, and related markets. You will perform bottom-up research and build financial models to assess issuer fundamentals and relative value.

Working with a collaborative team, you will translate market insights into trade recommendations, monitor positions, and articulate risks and conviction behind investment theses.

Qualifications

• 1+ years of credit research experience
• Strong financial modeling and relative value analysis
• Comfort translating research into investment ideas

Responsibilities

• Generate trade ideas across credit markets through bottom-up research
• Develop credit opinions by analyzing issuer fundamentals and capital structures
• Build financial models to assess issuer value and risk
• Review documentation to identify risks and protections informing investments
• Synthesize market information to uncover themes and actionable trades
• Communicate research conclusions with clear conviction and risk considerations
• Monitor positions and stay updated on market developments

Skills

Credit research

Financial modeling

Fundamental analysis

Investment ideas

Team collaboration

Job description

A Career with Point72's Macro Team

Point72’s Global Macro business is a scaled, global investment platform with more than two decades of experience trading across rates, FX, credit, volatility, and emerging markets. Operating across 10 offices worldwide, we have doubled our capital allocation and grown our number of teams fivefold since 2020. We combine deep asset-class expertise with a highly collaborative culture across macro, fundamental equities, and systematic strategies to drive differentiated investment performance and support long-term career growth for our talent.

WHAT YOU'LL DO

• Generate trade ideas across liquid U.S. convertible securities through bottom-up fundamental research
• Develop credit opinions by analyzing businesses and capital structures across loans, bonds, and credit default swaps
• Build financial models to assess issuer fundamentals and relative value across distressed, high-yield, and high-grade credit markets
• Review transaction documentation to identify risks and protections that inform convertible and broader credit investment decisions
• Synthesize market information across sectors to uncover thematic opportunities and translate insights into actionable trade recommendations
• Form differentiated investment views that challenge consensus and clearly articulate conviction behind those ideas
• Monitor existing positions by tracking news flow, fundamental developments, and supply dynamics that may affect investment views
• Communicate research conclusions clearly, including key risks, relative value considerations, and factors that could affect the investment thesis

WHAT'S REQUIRED

• 1+ years of experience conducting credit research on the buy-side or sell-side
• Interest in public markets and trading, with a focus on applying research to investment decisions
• Strong fundamental credit research skills, including financial modeling and relative value analysis
• Familiarity with credit securities, including bonds, convertible bonds, and credit default swaps
• Comfort working through uncertainty and expressing conviction in investment views
• Desire to take compliant investment risk and accountability for research-driven decisions
• Self-motivated, team-oriented approach with strong collaboration skills
• Commitment to the highest ethical standards

WE TAKE CARE OF OUR PEOPLE

We invest in our people, their careers, their health, and their well-being. When you work here, we provide:

• Fully paid health care benefits
• Generous parental and family leave policies
• Volunteer opportunities
• Support for employee-led affinity groups representing women, people of color and the LGBT+ community
• Mental and physical wellness programs
• Tuition assistance
• A 401(k) savings program with an employer match and more

ABOUT POINT72

Point72 is a leading global alternative investment firm led by Steven A. Cohen. Building on more than 30 years of investing experience, Point72 seeks to deliver superior returns for its investors through fundamental and systematic investing strategies across asset classes and geographies. We aim to attract and retain the industry's brightest talent by cultivating an investor-led culture and committing to our people's long-term growth. For more information, visit https://point72.com/.