01Responsibilities
Establishing analytical frameworks to review sectors/industries
Analyzing high yield and leveraged loan issuers across a range of sector/industries, via financial modeling, accounting review, interaction with management teams and sell-side analysts, and the assessment of company/management communications and third-party research
Assessing the relative value of high yield bond and leveraged loan investment opportunities through the analysis and interpretation of sector trends, market drivers, regulatory risks, issuer strengths/weaknesses, capital structure considerations, financial projections, comparative company analysis, and legal/covenant structure considerations
Recommending investments across a range of portfolios (e.g. differing risk appetites, restrictions on currencies/countries, ESG mandates, etc.) and updating/defending recommendations with Investment Committee team members across the globe through both oral and written research communications
Performing ongoing due diligence, self-monitoring of portfolio positions and key credits, and pushing periodic updates in a timely fashion
Qualifications:
5 plus years experience in research, investment management, or investment banking
Must have Research / Credit Analyst experience
Demonstrable interest in, and commitment to, investment research
Sound accounting background, strong financial modeling skills, and knowledge of capital structure
Strong social and communication skills (oral and written) and willingness to work in a team environment
Advanced qualifications not required but a strong plus:
Prior High Yield and/or Leveraged Loan investing experience
Advanced credit analytical skills including detailed covenant analysis
Stressed/distressed credit investing and workout experience
MBA and/or CFA study (at any level)
Salary Range
The expected base salary for this New York, New York, United States-based position is $125000-$290000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.
The Global High Yield Credit / Research Analyst role is an integral part of the High Yield & Bank Loan investing team. The Analyst will be responsible for analyzing companies that operate across a range of sectors/sub-sectors. Duties include performing sector and company due diligence, modeling/forecasting company financials, and preparing/presenting high yield bond and leveraged loan recommendations. Ongoing maintenance research entails monitoring and reporting on an assigned coverage list .
