Credit Research Analyst

Legal & General is one of Europe’s largest asset managers, providing clients and partners with complex, responsible investment solutions, across public and private markets. As a global investor, we are present where our clients most need us – from Hong Kong and Singapore, to Chicago and major European financial hubs.

Created by combining our investment management (LGIM) and asset origination (LGC) capabilities, our Asset Management division works with our Institutional Retirement and Retail divisions to benefit our clients and customers – which include individual savers, pension scheme members and global institutions – and deliver enhanced shareholder returns.

Joining us means becoming part of a market-leading team, with capabilities across the full spectrum of asset classes, with an enduring commitment to responsible investment and creating long-term, sustainable value for our clients and partners.

We’re currently looking to hire a Credit Research Analyst to join Legal and General Asset Management’s London Credit Research team.

Legal & General Asset Management actively manages over £70bn of corporate bonds. Globally there are over 20 credit research analysts supporting the fund managers with dedicated research on corporate credit quality, credit market trends and relative value. The London credit research team primarily monitors and forecasts the credit quality and outlook of UK and European companies and credit markets

What you'll be doing:

• Performing thorough fundamental credit and relative value analyses of companies in the Services and Industrials sectors. These analyses should result in alpha-generating recommendations on bonds and credit derivatives
• Communicating effectively with the portfolio managers to enhance investment performance of L&G Asset Management’s active credit funds
• Building and maintaining good communication lines with key issuers, regulators, industry agencies, rating agencies, financial intermediaries and specialised research providers
• Present L&G Asset Management’s credit research process and capabilities to pension fund consultants and institutional clients
• Promote L&G Asset Management’s external profile at external meetings, conferences, briefings, etc
• Assist in the development of junior team members
• Remain compliant with all aspects of L&G Asset Management’s Compliance Manual

Who we're looking for:

• Demonstrate strong investment experience in a credit analysis role across a range of credit markets (EUR, GBP and USD)
• You’ll have High yield, Investment Grade and/or emerging market experience
• Relevant corporate sector experience as well as current market knowledge is essential
• Understanding of ESG issues
• Solid understanding of corporate financial accounts
• Excellent numerical analysis
• Excellent PC literacy (Excel/Word etc) as well as Programming skills (VBA, Python, SQL)
• Degree in Finance, mathematics or accounting but not essential
• SFA registration, CFA charterholder, Accountancy qualification would be nice to have but not essential

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer: 

• The opportunity to participate in our annual, performance-related bonus plan and valuable share schemes  
• Generous pension contribution  
• Life assurance   
• Private medical insurance (permanent employees only) 
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday 
• Competitive family leave 
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online   
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart 

Legal & General is a leading financial services group and major global investor, named Britain’s Most Admired Company in 2023, for the second year running. Rated top in our sector and top for inspirational leadership, we have a strong heritage and an exciting future.

We aim to build a better society for the long term by investing our customers’ money in things that make life better for everyone.

If you join us, you’ll be part of a welcoming culture, with opportunities to collaborate with people of diverse backgrounds, views and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We strive to be open, mindful and inclusive, so are always willing to discussing flexible working arrangements and reasonable accommodations for candidates with specific needs.

If you’re open to find out more, we'd love to hear from you.