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Convertible Bonds Analyst

Date:  06-Oct-2021
Location: 

Brussels, BE, 1040

Context

 

The analysts of the Fixed Income team at Degroof Petercam Asset Management (DPAM) have as main objectives to provide the fund managers with full and in-depth analysis on micro issues (specific analysis on credit spreads, corporate credit analysis, looking behind ratings provided by agencies and challenging them). Their work is essentially bottom-up and complements the top-down analysis done by the CIO Bonds and Fund Managers. 
For corporate issuers, the team conducts fundamental analysis of the business profile (qualitative analysis: swot analysis, industry risks, …) and of the financial profile (quantitative analysis: free cash flows analysis, liquidity, credit metrics, …), to determine the capacity of the issuer to repay his debt, in time and entirely. Then the structure of each bond is analysed.
The convertible bonds analyst will join an existing team of 7 buy-side credit analysts based in Brussels and will be fully dedicated to the convertible bonds asset class. He/she will interact daily with the local credit, equity and ESG resources. Location will be Brussels with travel to Paris on a case by case basis.

Your Position

 

In this role, you will:

  • Conduct fundamental credit analysis with a clear focus on ESG aspects and provide forward looking research views on global convertible bonds issues; 
  • Interact with Investment Grade and High Yield credit research analysts and with equity research analysts (Brussels based);
  • Closely interact with the convertible bonds portfolio management team (this is particularly important as the Portfolio Managers are located in Paris and the convertible bonds analyst will be located in Brussels) ;
  • In full respect of the philosophy of Degroof Petercam Asset Management fixed income analysis methodology, you will create convertible bonds credit analysis framework and valuation models that allow efficient and productive coverage of a large global convertible bonds universe;
  • Provide quick fundamental views, analysis and pricing for primary issues;
  • Generate investment ideas for our convertible bonds portfolio management team and other departments involved in convertible bonds, based on fundamental analysis and relative valuation; 
  • Interact with companies management, rating agencies and counterparts.

Your Profile

 

  • The ideal candidate has at least 5 years of experience in analysis of convertible bonds market and is familiar with convertible bonds and derivatives pricing models. We are open to senior analysts in other asset classes such as corporate credit or equity who would like to evolve to and discover the convertibles asset class.
  • Ability to work as part of a team, to communicate easily and to work with teams sitting in different places
  • Good communication and coherence with the Investment Grade and High Yield Fixed Income Credit Research team in order to ensure coherence of the credit analysis process;
  • Strong analytical, reactivity and written skills; ability to assimilate a large amount of information and translate it into clear investment ideas. A critical and synthetic mind is key;
  • Strong Microsoft Access and Excel usage, VBA and Python preferred;
  • Strong written and verbal communication skills in English. French would be plus;
  • Is able to deliver a clear investment idea in sometimes short deadlines;
  • Is flexible and autonomous in his/her way of working;
  • CFA certification would be an asset but is not required.

Our offer

 

By working for Bank Degroof Petercam, you will join a Belgian bank of a human size where personal contacts prevail. As from the start, you work with colleagues from various business lines and have direct impact on our private, institutional or corporate clients. Looking for a long term relationship not only with our clients but also with you as employee, we offer you an attractive salary package, including a performance related bonus, extra-legal benefits and a variety of in-house finance-specialized and management training as well as external programs.

The internal Talent Acquisition team of Degroof Petercam guarantees the professional follow-up of this vacancy. We do not work with external recruitment partners.

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