M&G Global Services - Assistant Vice President - Corporate Credit Research - India Bond - Pricing

Job Purpose

This role is part of the front- office investments team and involves close collaboration with the M&G Asia Fixed Income team. The primary responsibility is to conduct credit analysis and deliver high- quality, timely insights to portfolio managers investing in public corporate bonds in the Indian market.

Responsibilities:

- Provide ongoing fundamental credit assessments and recommendations on portfolio companies in the coverage universe. This involves:

- Performing in-depth analysis of business and financial profile of the companies, capital structure, bond covenants, and identifying potential key risk and opportunities

- Building sector knowledge and identifying emerging industry themes as well as ranking of companies within the sector based on fundamentals

- Providing credit reports, new issue thoughts, sector reviews and other investment writeups

- Performing impact analysis of key credits events, earnings releases, corporate actions, rating changes, and sector developments on companies' credit profile

- Identifying relative value opportunities in both the primary and secondary markets.

- Actively analyse the impact of Environmental, Social and Governance (ESG) issues on a credit, and perform ESG related tasks including themed bond assessments (Green/Social/Sustainable), coal exposure assessments and company engagements.

- Provide insights of Indian corporate bond market dynamics, including colour on local investor sentiment, bond pricing, new issues and regulations.

- Participate in regular credit discussions/ team meetings, sector review meetings, and company meetings/engagements where required.

- Participate in ad hoc research projects including (but not limited to) thematic research, impact analysis of major external events, system/ process enhancement, client presentations.

- Provide assistance to internal and external client or consultant presentations and responses to client queries and media requests

Core competencies:

- Strong analytical and financial modelling skills, with excellent understanding of financial statements and ratio analysis, and a high level of attention to detail.

- Good knowledge of the Indian bond market and its dynamics (pricing, primary issuances, regulations etc) and established relationship with brokers.

- Strong communication skills with the ability to collaborate, build relationships & exert influence

- Able to work independently as well as collaborate both within and across teams

- Knowledge of data manipulation tools such as Excel/VBA, PowerBi and third party applications such as Bloomberg, CapitalIQ, Factiva would be beneficial

Experience: 7-10 years of experience in Indian fixed income markets/investment management/asset management/corporate credit analysis.

Educational Qualification:

- MBA

- CFA/CFA pursuing (preferred)