High Yield Research Analyst

Western Asset Management • Pasadena, CA

147d • $185,000 - $200,000

About The Position

As a Research Analyst in our Investment Team, you will work in a highly collaborative team structure, you will deepen your research expertise and build relationships and knowledge that cement your career as a research analyst. This is a unique opportunity to make your mark on your sectors of expertise within our highly entrepreneurial, fixed-income investment business. In this role you will work closely with portfolio managers, traders, and other research analysts to support investment decisions and portfolio management strategies.

Requirements

• A minimum of 5 years of industry experience, demonstrating knowledge and understanding in high yield research, credit analysis or related field.
• The ability to effectively communicate with portfolio managers, traders and external clients.
• Effective writing and presentation skills.
• An undergraduate degree in Business, Finance, Mathematics, or Economics.
• Chartered Financial Analyst (CFA), MBA or other advanced degree valued.
• Strong attention to detail, analytical and problem-solving ability coupled with excellent financial, mathematical and statistical skills.

Responsibilities

• Conduct comprehensive credit analysis of high yield issuers, including financial statement analysis, industry evaluation, and competitive positioning.
• Make actionable investment recommendations in the High Yield and Leveraged Loan segments of the market.
• Monitor and analyze market trends, economic indicators, and industry developments that impact high yield securities.
• Provide intensive, bottom up fundamental research and analysis to support and inform your views.
• Collaborate with portfolio managers to support the construction and management of high yield portfolios.
• Perform primary and secondary research on the entire capital structure of loans and bonds.
• Conduct market research and relative value analysis utilizing your considerable credit skills.
• Build and maintain proprietary financial models for the entire peer group in your assigned sectors.
• Attend industry conferences and bridge sell-side and rating agency relationships to help promote fully actionable investment ideas.
• Communicate with and present to clients as the expert in your select sectors.

Benefits

• Expected base salary for the role will generally be between $185,000 - $200,000 per year.
• Total compensation package may include discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

What This Job Offers

• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree