Fixed Income Research Associate High Yield

Capital Group; Los Angeles (CA); On-site; USD 136,000 - 219,000; Full time

Job summary

Join a forward-thinking company as a Fundamental Research Group Associate, where you will collaborate with seasoned investment professionals to conduct in-depth credit research and analysis. This role offers the opportunity to engage in high-yield corporate credit investing, providing insights that directly impact investment strategies. You’ll thrive in a dynamic team environment, continuously develop your analytical skills, and contribute to significant investment decisions. With a competitive salary and performance bonuses, this position is perfect for a motivated individual passionate about credit research and financial markets.

Benefits

Annual Performance Bonus

Retirement Plan with 15% Contribution

Flexible Work Environment

Professional Development Opportunities

Qualifications

• 2-5 years of experience in credit research, preferably high yield corporate credit.
• Strong desire to develop fundamental credit research skills.

Responsibilities

• Conduct bottom-up fundamental research and analysis for investment decisions.
• Collaborate with investment professionals to generate insights.

Skills

Credit Research

Financial Modeling

Analytical Skills

Effective Communication

Team Collaboration

Intellectual Curiosity

Education

Bachelor’s Degree in Finance

Bachelor’s Degree in Economics

Bachelor’s Degree in STEM

Tools

Bloomberg

Python

SQL

R

Tableau

PowerBI

Amazon S3

Snowflake

Databricks

Job description

I can succeed as a Fundamental Research Group (FRG) Associate at Capital Group.

As one of our FRG Associates, you will work closely and collaborate with Fixed Income Investment Professionals and peers to deliver valuable insights, conduct bottom-up fundamental research and analysis that will drive investment decisions. You will partner with investors on their coverage to help generate investment ideas and monitor holdings by conducting deep fundamental research on companies and related industries, financial modeling, facilitating meetings with management teams, sell-side firms and industry specialists, relative value comparison, analyzing capital structures, and working as a key contributor in the high yield corporate credit investment process. You will work on projects with growing complexity over time, receiving guidance and mentorship from experienced investment professionals.

I am the person Capital Group is looking for.

• You are passionate about a career in credit research with a strong interest in high-yield corporate credit investing.
• You have 2-5 years of experience in credit research (experience covering corporate credit; high yield corporate credit is preferred).
• You have a strong desire to continue to develop bottom-up fundamental credit research skills working in partnership with experienced investment professionals.
• You have extensive experience with financial modeling and fundamental credit analysis, working with sell-side firms and industry consultants, Bloomberg, utilizing research tools, trade publications, online sources, regulatory filings, etc., and interpreting this information to generate insightful analysis.
• You have a proven ability to develop and maintain comprehensive charts and visualizations to support credit analysis and communicate investment insights effectively.
• You thrive in team settings. You ask good questions, bounce ideas off others, and proactively share your perspective.
• You enjoy learning new things and can flex to varying work styles and expectations.
• You have an inquisitive mind, demonstrating intellectual curiosity and analytical skills in areas of high complexity surrounding financial markets and industry trends.
• You apply sound judgment in resolving conceptually complex matters.
• You apply effective written and oral communication skills.
• You collaborate and develop/maintain relationships both inside and outside the organization.
• You are available for occasional travel on research trips to meet with company management teams and investment professionals.
• You have a bachelor’s degree in finance, economics, STEM or a relevant field of study.
• Familiarity with programming languages (Python, SQL, R), data visualization tools (Tableau, PowerBI), and data platforms (Amazon S3, Snowflake, Databricks) is a plus, but not necessary.

Southern California Base Salary Range: $136,858-$218,973
New York Base Salary Range: $145,077-$232,123

In addition to a highly competitive base salary, you will be eligible for an individual annual performance bonus, plus Capital’s annual profitability bonus, and a retirement plan where Capital contributes 15% of your eligible earnings.

You can learn more about our compensation and benefits here.

* Temporary positions in Canada and the United States are excluded from the above mentioned compensation and benefit plans.

We are an equal opportunity employer, which means we comply with all federal, state, and local laws that prohibit discrimination when making all decisions about employment. Our policies prohibit unlawful discrimination on the basis of race, religion, color, national origin, ancestry, sex (including gender and gender identity), pregnancy, childbirth and related medical conditions, age, physical or mental disability, medical condition, genetic information, marital status, sexual orientation, citizenship status, AIDS/HIV status, political activities or affiliations, military or veteran status, victim of domestic violence, assault or stalking, or any other characteristic protected by law.