Serves as a high-income analyst responsible for global bank and
non-bank financials -- aircraft leasing, consumer finance, and
middle market lending. Carries out fundamental equity analysis,
using financial statements, regulatory policy documents, industry
publications, economical statistical data, leveraged loan credit
agreements, bond indentures, industry conferences, and meetings
with company management. Develops buy/sell recommendations based on
capital structure, including preferred securities, capital
instruments, AT1s, bonds, and equity.
Underwrites risk positions and maintains credit/equity
Serves as an in-house sector expert and fundamental thought
leader in the global financial sector.
Creates and maintains Excel-based financial models, analysis,
Develops ad hoc briefings and research for portfolio managers
and sector leaders.
Presents sector views and opinions.
Participates in monthly investment team meetings.
Maintains coverage of assigned sector stocks, leveraged loans,
and bonds held in the portfolio, including performing industry
analysis, monitoring trends, and developing a view regarding the
relative attractiveness of the assigned sub-sectors.
Maintains up-to-date recommendations and target prices for
stocks, preferred securities, and bonds.
Creates and maintains proprietary financial models and valuation
Monitors investment theses to track the progress of dynamic and
Communicates updates and recommendations to portfolio managers
and sector team.
Education and Experience:
Masters degree (or foreign education equivalent) in Finance,
Accounting, Statistics, Business Administration, Mathematics, or a
closely related field and two (2) years of experience in the job
offered or two (2) years of experience performing fundamental
analysis on commercial banks and analyzing bank equity, credit, and
Skills and Knowledge:
Candidate must also possess:
Demonstrated Expertise (DE) performing industry analysis --
macroeconomic forecasting, quantifying pace of technology
innovation, and interfacing with regulators globally -- using
supply-demand models -- SNL, Federal Reserve databases and ECB, EBA
and BIS databases; running self-directed channel checks with
executives of comparable companies; building MS Excel
forecast/valuation models with multiple operating and capital
structure scenarios; and running Capital IQ/Bloomberg screens for
DE analyzing bank and non-bank financials, valuing securities,
and recommending credit and equity investments, investment grade
and high yield (IG/HY) credit, and equity by assessing future
fundamental positioning, capital generation, and capitalization
metrics, using Excel and Bloomberg; and applying fixed income
mathematics to compute credit spreadsheets through MS Excel and
DE analyzing legal and non-financial aspects of investing,
including capital hierarchy and distressed debt waterfall
valuation, for claims at each level of a capital structure in
restructuring and bankruptcy situations; and interpreting and
amending credit agreements in performing credit situations with a
focus on covenant analysis quantifying limitation on liens, debt
incurrence, and restricted payments.
DE building and executing proprietary processes to analyze and
identify investments with risk-adjusted returns and applied across
asset classes -- equities, preferred securities, bonds, loans, and
convertible bonds; and independently presenting investment
recommendations to portfolio managers.
For full job details and to apply, please visit
https://jobs.fidelity.com/ and search for job number: 2006139