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Associate / Vice President, Global Credit & Special Situations, Global FICC, Hong Kong

Hong Kong, Hong Kong

Job Description:

About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.                             

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

Position Description

The Desk Credit Analyst will be responsible for credit coverage for the high yield credit trader primarily but also support the rest of the credit trading desk on ad hoc requests. The individual will research existing bonds with the objective of producing recommendations for the traders. Our analyst is expected to provide in-depth credit analysis on the issuers’ business, industry and capital structure to produce value-added investment ideas. 

We are looking for an individual with at least 2 years of experience in credit fundamental research. Although preferred coverage will be APAC and specifically China, candidates coming from different regions will also be considered. Candidates with fundamental analysis experience from rating agencies, buy-side credit research and equity research will also be considered. 

Responsibilities

  • Conduct independent, fundamental high yield credit analysis.
  • Analyze and explain risks that impact a borrower’s ability to repay its debt from company, industry and macro perspectives, both short term and long term.
  • Create and maintain financial models including financial projections, analyzing key financial metrics to differentiate improving from deteriorating credits.
  • Assimilate and filter information from various sources; distinguishing between noise and market moving events
  • Apply relative value metrics, seeking investments that generate above-average returns commensurate with the level of risk taken.
  • Make written recommendations incorporating the fundamental and technical credit outlook.
  • Communicate credit opinions and recommendations orally and in writing to internal & external clients.
  • Interact and maintain strong relationship with corporates, rating agencies and investment professionals, including fixed income and equity analysts.

Requirements

  • College degree and 2 years of relevant work experience
  • Most critical attributes are solid analytical skills, strong business acumen and effective communication skill. Ability to demonstrate these attributes on both an individual and group level.
  • Experience with financial statement analysis with deep attention to details without losing the big picture
  • Experience with creating and maintaining financial models, able to identify key business drivers to perform sensitivity analysis
  • Experience understanding and evaluating creditworthiness.
  • Ability to make judgments call backed by relevant analysis
  • Inquisitive nature, driven to excel in all aspects of the analytical process.
  • Flexible, responsive and self-starting personality. Open-minded thought process and intellectual honesty.
  • Willingness to pursue and explore ideas and potential investment opportunities.
  •  Excellent communication skills, written and verbal in both English and Mandarin 

Bank of America Merrill Lynch is an equal opportunities employer.

Learn more about this role

Full time

JR-20018457

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Located in the bustling Central District, we’re minutes away from out-of-this-world city views from Peak Tram and delight as the Symphony of Lights set Victoria Harbour ablaze.

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Street Address

Primary Location:
2 QUEEN'S RD, Hong Kong