Credit Analyst

Point72 Asset Management; West Palm Beach (FL); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Health benefits

Parental leave

Volunteer opportunities

Affinity groups

Wellness programs

Tuition assistance

401(k) match

Job summary

Point72 Asset Management’s Macro Team seeks a credit research professional to generate trade ideas across U.S. convertible securities and to develop opinions on loans, bonds, and CDS.

You’ll build and run models to assess issuer fundamentals and relative value, review deal documents for risk and protections, and translate research into actionable investment recommendations. The role emphasizes collaboration, risk assessment, and clear communication of investment theses.

Qualifications

• 1+ years of experience in credit research on buy-side or sell-side.
• Strong interest in public markets and trading, applying research to investments.
• Solid credit research skills including financial modeling and relative value analysis.
• Familiarity with credit instruments like bonds, convertibles, and CDS.
• Comfort with uncertainty and expressing conviction in investment views.
• Willingness to take compliant investment risk based on research.
• Self-motivated, team-oriented with strong collaboration.
• Commitment to highest ethical standards.

Responsibilities

• 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 CDS.
• Build financial models to assess issuer fundamentals and relative value across distressed, high-yield, and high-grade credit markets.
• Review transaction documents to identify risks and protections informing investment decisions.
• Synthesize market information across sectors to uncover thematic opportunities and translate insights into trades.
• Form differentiated investment views and clearly articulate conviction behind ideas.
• Monitor existing positions by tracking news, developments, and supply dynamics affecting views.
• Communicate research conclusions clearly, including risks and factors impacting thesis.

Skills

Credit research

Financial modeling

Relative value analysis

Bonds

Convertible bonds

Credit default swaps

Investment decision making

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/.