Director, Covenant Analyst

Director, Covenant Analyst

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Analyse leveraged loan covenants and write insightful research reports.
  • Company: Join CreditSights, a leading independent credit research firm with a global presence.
  • Benefits: Enjoy hybrid work, comprehensive healthcare, and generous parental leave policies.
  • Why this job: Make a meaningful impact in financial markets while collaborating with seasoned analysts.
  • Qualifications: Extensive legal experience in leveraged finance and strong communication skills required.
  • Other info: Be part of a culture that values learning, inclusivity, and community engagement.

The predicted salary is between 43200 - 72000 £ per year.

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CreditSights is currently seeking a Senior Covenant Analyst based out of our London office.

Celebrating its 25th anniversary this year, CreditSights continues to offer award-winning, unbiased research on global credit markets, empowering clients to make informed investment decisions. With offices in New York, London, Singapore, Glasgow, Denver, and Charlotte, we serve a diverse global institutional client base, including banks, investment advisors, mutual funds, and hedge funds. As a leading voice in credit research, our expert insights are featured in top publications such as Bloomberg, The Wall Street Journal, and Financial Times. As a Fitch Solutions Company, CreditSights provides a dynamic environment fostering professional growth and innovation, where you collaborate with seasoned analysts to deliver critical intelligence in complex financial markets.

Working at CreditSights offers the chance to be part of a premier independent credit research firm, renowned for its in-depth analysis and insights. You\’ll collaborate with a team of seasoned analysts, delivering critical intelligence that helps clients navigate complex financial markets. This dynamic environment encourages professional growth and innovation, enabling you to make a meaningful impact in the field of credit research.

About the Team

Covenant Review, part of the Fitch Group, is the market leader in high yield bond and loan covenant analysis to the European and North American leveraged finance community. We’re now hiring an experienced qualified lawyer in leveraged finance as a Senior Covenant Analyst in Europe.

How You’ll Make an Impact:

  • Write analytical research on leveraged loan covenants as new issuances are marketed in the primary market. Candidates must have extensive experience in analyzing complicated covenant packages with an eye towards potential sponsor-type aggressive transactions.
  • Aid asset managers and CLO managers understand the most important terms of the covenants and suggest improvements.
  • Write research on leveraged loan covenants for secondary market transactions.
  • Write event-driven research and reports on special situations as they develop in the market. This includes analyzing an issuer’s capital structure and producing special reports on how various covenants in the borrower\’s debt documents may be implicated by various potential transactions.
  • Answer client questions on the covenants of various borrowers, which can vary from very simple to complex inquiries, and can include assisting portfolio managers who are time sensitive
  • Assist juniors on their leveraged finance training and answering questions on their related work
  • Assist in developing a data product that is being developed across Fitch
  • Work with our sister companies that are part of the Fitch Group, including CapitalStructure as well as Fitch Ratings
  • Leading and / or speaking at client pitches, seminars, and teach-in
  • Speaking at industry conferences

You May be a Good Fit if:

  • Extensive, relevant legal experience in leveraged finance (primary, secondary, distressed markets)
  • A keen commercial awareness of financial markets and leveraged finance
  • Excellent networking and relationship building skills
  • Effective written and verbal communication skills conveying messages accurately and concisely
  • Team player, but also able to work effectively alone (help is always available)

Why Choose Fitch:

  • Hybrid Work Environment: 3 days a week in office required based on your line of business and location
  • A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity
  • Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
  • Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
  • Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
  • Inclusive Work Environment : A collaborative workplacewhere all voices are valued, withEmployee Resource Groups that unite and empower our colleagues around the globe
  • Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community

Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch’s credibility and reputation, our employees must take every precaution to avoid conflicts of interest or any appearance of a conflict of interest.Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.

Fitch is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluatequalified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

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Director, Covenant Analyst employer: Fitch Solutions

CreditSights, a leading independent credit research firm based in London, offers an exceptional work environment that prioritises professional growth and innovation. With a strong culture of learning, comprehensive health benefits, and family-friendly policies, employees are empowered to achieve their personal and career goals while making a meaningful impact in the financial markets. Join a collaborative team where your insights are valued and contribute to award-winning research that shapes investment decisions globally.
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Contact Detail:

Fitch Solutions Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Director, Covenant Analyst

✨Tip Number 1

Network with professionals in the leveraged finance sector. Attend industry conferences and seminars where you can meet potential colleagues or clients from CreditSights. Building these connections can give you insights into the company culture and expectations.

✨Tip Number 2

Stay updated on current trends in credit markets and covenant analysis. Follow relevant publications like Bloomberg and Financial Times to understand the latest developments, which will help you engage in informed discussions during interviews.

✨Tip Number 3

Prepare to demonstrate your analytical skills by reviewing complex covenant packages. Be ready to discuss specific examples of how you've navigated challenging transactions in your previous roles, as this will showcase your expertise.

✨Tip Number 4

Familiarise yourself with Fitch Group's other companies and their offerings. Understanding how they collaborate can help you articulate how you would fit into the team and contribute to cross-company projects during your interview.

We think you need these skills to ace Director, Covenant Analyst

Extensive legal experience in leveraged finance
Analytical skills in covenant analysis
Understanding of primary and secondary market transactions
Knowledge of distressed markets
Commercial awareness of financial markets
Excellent networking and relationship building skills
Effective written communication skills
Strong verbal communication skills
Ability to convey complex information concisely
Team collaboration skills
Ability to work independently
Experience in training and mentoring juniors
Proficiency in developing data products
Public speaking and presentation skills
Client management skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your extensive legal experience in leveraged finance. Focus on specific achievements and responsibilities that align with the role of a Senior Covenant Analyst, such as analysing covenant packages and writing analytical research.

Craft a Compelling Cover Letter: In your cover letter, express your keen commercial awareness of financial markets and your ability to communicate complex information clearly. Mention your experience in client interactions and how you can contribute to the team at CreditSights.

Showcase Relevant Skills: Emphasise your networking and relationship-building skills in your application. Provide examples of how you've successfully collaborated with teams or led client pitches, as these are crucial for the role.

Proofread and Edit: Before submitting your application, thoroughly proofread your documents. Ensure there are no grammatical errors or typos, as attention to detail is vital in the financial sector. A polished application reflects your professionalism.

How to prepare for a job interview at Fitch Solutions

✨Showcase Your Legal Expertise

As a Senior Covenant Analyst, it's crucial to demonstrate your extensive legal experience in leveraged finance. Be prepared to discuss specific cases where you've analysed complex covenant packages and how your insights have influenced investment decisions.

✨Understand the Market Landscape

Familiarise yourself with current trends in the financial markets, especially in leveraged finance. Being able to discuss recent developments or changes in regulations will show that you are not only knowledgeable but also proactive in staying updated.

✨Prepare for Client Interaction Scenarios

Since the role involves answering client questions and leading pitches, practice articulating complex information clearly and concisely. Think of examples where you've successfully communicated intricate details to clients or stakeholders.

✨Emphasise Team Collaboration

While individual expertise is important, this role also requires teamwork. Be ready to share experiences where you've collaborated with others, mentored juniors, or contributed to team projects, highlighting your ability to work effectively both independently and as part of a team.

Director, Covenant Analyst
Fitch Solutions
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