Macro Credit Analyst: Research, Valuation & Trade Ideas

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

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.