Credit Analyst (Banking/Insurance) in London

Company Description

Legal & General (L&G) is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets.

Who we are

We are one of Europe’s largest asset managers and a major global investor across public and private markets. Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns. Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change.

Job Description

We are seeking a Credit Analyst to join the Credit Research team at L&G Asset Management. As Senior Credit Analyst you’ll specialise in the Financial Institutions sector, with coverage focused on banks and/or insurance companies. You’ll be responsible for delivering high-quality fundamental credit research, assessing ESG and regulatory risks, and generating investment recommendations across the capital structure of primarily European issuers. The role will directly support investment decision-making across our fixed income portfolios.

What you’ll be doing:

• Assuming primary responsibility for the credit coverage of a specified list of banks and/or insurance companies
• Conducting in-depth fundamental credit analysis across business models, financial performance, capital adequacy, liquidity, asset quality and management strategy
• Monitoring regulatory, political, macroeconomic and industry developments, evaluating their impact on issuer creditworthiness and relative value opportunities
• Maintaining financial models, forecasts and stress-testing frameworks to support forward-looking credit analysis
• Identifying and monitoring investment opportunities across issuers, sectors and the capital structure
• Producing research notes, credit opinions and investment recommendations for portfolio managers and other stakeholders
• Presenting credit views, investment ideas and sector insights to portfolio managers, investment committees and broader investment teams
• Contributing proactively to meet the output requirements of the Global Research and Engagement Group (GREG) while supporting ad hoc credit requests, client queries and continuous improvements to research processes and analytical framework

Who we’re looking for:

• Demonstrate strong credit research experience covering banks and/or insurance companies
• Experience gained on the buy side, sell side or within a credit rating agency, Direct buy-side portfolio-facing experience preferred
• Strong understanding of Financial Institutions, including business models, regulation, capital structures and key credit metrics
• Advanced financial modelling and analytical skills
• Ability to develop independent credit views and explain them clearly
• Strong awareness of financial markets and macroeconomic trends
• Excellent written and verbal communication skills
• A proactive, curious and collaborative approach, with strong attention to detail

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
• Healthcare Plan (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 many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net-zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in-person experience

Additional Information

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. If you join us, you’ll be part of a welcoming, inclusive 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 care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.