IMD, GSAM, Fixed Income - Investment Grade Credit Analyst - Analyst/Associate

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Goldman Sachs USA
  • 21 Oct 18

IMD, GSAM, Fixed Income - Investment Grade Credit Analyst - Analyst/Associate

MORE ABOUT THIS JOB INVESTMENT MANAGEMENT
We're a team of trusted advisors who provide innovative investment solutions to help our clients meet their financial goals. From private wealth to asset management, we work with specialists and groups from around the firm to help high-net-worth individuals and institutions across various industries navigate changing markets and make smart investments. We value self-starters with an entrepreneurial spirit, but still provide the support and resources to ensure your success.

GSAM's Corporate Credit Team is seeking a Credit Analyst to join the Investment Grade Credit Research team in New York. The Corporate Credit team manages over $175 billion across the investment grade, high yield and leveraged loan asset classes. The Investment Grade research team is responsible for making investment decisions across a variety of accounts, and also contributes to non-IG portfolios where and when appropriate. The Corporate Credit Team's investment approach relies on a foundation of fundamental credit research conducted by a team of analysts spread across several global locations.

The Credit Analyst will be responsible for working directly with senior credit analysts on the global IG research team to support and develop investment recommendations across a range of portfolios. A successful candidate must demonstrate commitment to a team-oriented culture and a strong enthusiasm for investment research. Financial modeling, communication and research skills, as well as an outstanding critical thinking mindset are also essential for the role. The analyst will be responsible supporting the analysis of credits; performing due diligence; building and maintaining financial models; monitoring credits on an ongoing basis; assessing relative value based on risk vs. return for a range of different portfolio strategies; communicating with management teams; and presenting recommendations to others on the team.

RESPONSIBILITIES AND QUALIFICATIONS Principal Responsibilities:

  • Working alongside senior analysts to follow assigned industries and credits
  • Performing ongoing due diligence and monitoring of portfolio positions and key credits and communicating updates in a timely fashion (orally and in writing) to team members across the globe
  • Building and maintaining financial models and other investment-related infrastructure that supports our credit recommendations and investment
  • Analyzing issuers via financial analysis, evaluation of industry positioning, assessment of management and strategy, among other factors
  • Supporting the recommendations of investments across a range of portfolios (e.g., with different risk appetites, restrictions on currencies/countries) and defending those recommendations in both oral and written communication with portfolio managers
  • Assessing the relative value of IG bond investment opportunities by interpreting risk-reward parameters, legal and capital structures, bond covenants, market drivers of bond performance and the value of available alternatives
Experience/Skills:
  • 1-3 years of experience in an investment related or banking role and a demonstrable interest in investment research
  • Strong communication skills (oral and written)
  • Solid accounting and finance knowledge
  • CFA study (at any level) a plus


ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

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