Senior Associate - Fixed Income-Research

Department Global Investment Research - Research Specialist Team

Reports To Group Head - Investment Research

Level Research Analysis - 4

About your team

Investment Research Specialist team is based out of two locations - Gurgaon, India and Dalian, China. The department provides fundamental research support (building financial models, maintaining industry databases, and conducting Industry and company analysis) to all FIL Equity and Credit analysts and select Portfolio Managers. This allows analyst teams to cover a higher number of stocks/credits, respond faster to corporate developments, dig deeper into investment issues, and manage coverage gaps. The team is also looked upon as a talent nursery for sourcing future Fidelity analysts.

About your role

As a credit specialist, you will play a pivotal role within FILs global credit research team, providing comprehensive support to lead analysts by conducting in-depth credit analysis of corporate issuers and tracking trends in the global credit markets. Your responsibilities will include developing robust, purpose-driven financial models that form the foundation of investment recommendations, as well as drafting clear and actionable investment notes. Also, Utilise advanced analytical toolsincluding Python, Power BI, and advanced Excel techniquesto extract valuable insights from large and complex datasets.

Key Responsibilities

• Conduct in-depth analysis of corporate issuers, including reviewing financial statements, operating metrics, management quality, and sector positioning to assess creditworthiness and trends.
• Provide research support to lead credit analysts in maintaining coverage of assigned industries or regions, proactively identifying fundamental changes and relevant catalysts that may affect credit performance or market pricing.
• Build, maintain and enhance detailed financial models with the ability to build business drivers, incorporating M&A transactions, analyse capital structures, and estimate default probabilities and recovery values.
• Write clear, concise, and insightful research reports, presentations, and quick notes summarizing credit view ad key risks.
• Monitor and interpret developments in global credit markets, including changes in credit spreads, default rates, macroeconomic indicators, regulatory shifts, and geopolitical events.
• Basic understanding of advanced data analysis tools (e.g. Python, R, SQL) to collect, clean, and analyse large datasets, uncovering trends and generating insights to support investment ideas.
• Build and maintain strong relationships with FIL analysts and within the team
• Stay abreast of the latest developments in credit analysis techniques, data analytics, and relevant technologies; proactively share knowledge and best practices with the team

Experience and Qualifications Required

• 3 to 6 years work experience in Credit or Equity Research
• Good understanding of capital markets with excellent financial skills. A solid understanding of financial statements, credit ratios and recovery valuation concepts. Prior experience of global markets is preferred
• Strong organizational skills and ability to manage multiple projects in a fast-paced, dynamic environment
• Knowledge of ESG factors and their impact on credit analysis
• Database skills - Bloomberg, MSCI, S&P Capital IQ and Cognitive Credit
• Excellent relationship management and strong communication/presentation skills

Education

• MBA or Masters in Finance from a prominent institute or CA
• CFA charter or progress towards any level of CFA will be preferred.