Senior Fixed Income Research Analyst - High Yield

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Major Duties :1. Performs fundamental financial and credit
analysis using publicly available information,
integrating conclusions with outside opinions
and rating agency data. Recommends suitability
of securities for individual portfolios and commingled
funds.

2. Establishes provisional investment limits
within delegated authority level and pending
formal submission through credit committee
approval process.

3. Ensures that portfolio control systems are
maintained and updated on a continuous basis,
and that assigned issuers and sectors are reviewed,
analyzed, and documented to fulfill internal/external
regulatory requirements.

4. Performs special analysis projects, such as
valuation of nonmarketable debt securities,
exchange offerings, and credit risk evaluation
of derivative financial products.

5. Negotiates covenant protection and other terms
and conditions in private placement purchases of
debt securities, to address credit risk aspects of
such purchases.

6. Oversees and coordinates portfolio review
projects such as the Unrated Security and Below
Investment Grade Reviews.

7. Establishes communication links with outside
rating agencies and other fixed income analysts.

8. Participates with portfolio managers on
assigned committees to develop investment
strategy relating to cash and fixed income
securities.

9. Chairs one of the credit subcommittees
organizing the schedule and work assignment
of other analysts and preparing the agenda and
minutes of subcommittee meetings. Serves as
voting member on other credit committees.

10. Provides training to less experienced staff
members to enhance their understanding of credit
risk evaluation, and helps in developing their
analytical skills.

Knowledge :Knowledge of business and financial markets,
financial and credit analysis, and accounting
principles and techniques, usually acquired
through formal education and work experience,
are required to evaluate credit risk in individual
issuers and industry sectors. Knowledge of
economic conditions and their impact on the
capability of debt issuers to service debt
instruments, and legal matters related to
structuring debt instruments, usually acquired
through formal education and work experience,
are required to evaluate credit risk. Analytical
and presentation skills are required to interpret
offering statements and legal documents
describing securities issues and to prepare and
present analytical reports. Computer skills are
required to gather and present information.
Leadership skills are required to provide
guidance for less experienced analysts.

Experience: Minimum 5 years of fixed income securities or credit related financial analysis experience. Experience within the high yield space, specifically in the Technology, Media, or Telecommunications space is preferred.

Salary Range:

$160,100 - 272,300 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working With Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater 

Reasonable Accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

 
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.