About Aviva Investors North America
Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of more than $430 billion at 31 December 2011.
Under the direction of Management or Senior Analyst(s), the Securities Analyst will perform credit research and analysis utilizing an investment framework grounded on a combination of quantitative and qualitative assessments used to formulate buy, sell, and hold recommendations across investment grade and high yield credit universe, initially focused on the financial services sector. The credit research and analysis will be expected to be value-added, enhancing AINA’s ability to control risk, formulate credit strategies, and express viewpoints in current portfolio holdings.The Securities Analyst will Interact and communicate with the Credit Research Division and the Portfolio Management Division on an interpersonal basis with regards to credit opinions and relative value opinions on owned and prospective investments. (S)he will also utilize and integrate research and analysis to develop and maintain issuer, as well as sector, models which induce idea generation and allow for shared knowledge transfer.
Perform credit analysis utilizing quantitative assessments, based on Financial Statement Analysis, and qualitative assessments, based on macro-based industry/issuer specific assessments. Credit analysis will be formulated in a value-added manner which will enhance AINA’s ability to control risk and formulate credit strategies. Analysis will be completed across various industries and numerous issuers.
Communicate ideas and interact with the Credit Research Division and the Portfolio Management Division to implement strategy and capitalize on tactical relative value ideas; demonstrating the value-added nature of the research function.
Develop leadership skills which will enable the candidate to train other analysts in the division, while developing and enhancing the credit skills of the entire Credit Research Division and AINA.
Develop and implement a framework and knowledge base to formulate assessments and relative value conclusions among Credit Investments relative to fixed income indices, credit default swap markets, structured products and other derivatives.
Promptly assess and act upon new information to enable real-time credit related decisions by the Portfolio Management Division, particularly during quarterly EPS reporting periods.
Develop and maintain a process of assessing and formulating the credit opinion and internal rating for individual securities based on a common framework.
Initiate, develop, and maintain investment contact network to assist in the effectiveness of investment research and its interaction with various constituents of the investment community.
Augment and intensify the analytical rigor of financial models to improve the proactive nature of credit-related decisions.
Expand credit analysis capacity through a comprehensive analysis encompassing relative value among issuers, derivative products, asset classes, and industries.
Demonstrate continued improvement in assertiveness and interpersonal communication effectiveness with the Credit Research Division and Portfolio Management.
Develop understanding, while demonstrating technological integration, of Bloomberg, Aladdin, and other analytical bond tools into the credit related process.
Enhance ability to work with minimum supervision as well as improve ability to prioritize workload to meet deadlines and attain maximum effectiveness.
Complete various assignments outside the bounds of direct credit research such as maintaining compliance within the asset class on an issuer basis, assessing overall credit risk, and producing ad hoc reports for various constituents. Experience and Qualifications:
BA/BS in finance, accounting, economics, or related field and/or equivalent training and/or experience is required.
A CFA Charter and/or MBA are preferred, but not required. Pursuit of CFA designation is highly recommended.
The ideal candidate will have a minimum of 4 years of investment experience or relevant business experience performing fundamental market analysis and research. Prior experience covering Financial Services will be helpful, but not required.
Candidate must possess written and verbal communication skills.
Candidate must demonstrate his/her consistent ability to work with minimum supervision as well as the ability to prioritize workload to meet deadlines and attain maximum effectiveness.
Candidate must possess proficient knowledge of software used for investment research and analysis such as Microsoft Office, especially Excel, as well as other financial software such as Bloomberg.
The ideal candidate will be well-organized, independent, entrepreneurial, assertive, self-motivated and be able to prioritize in a fast paced environment.
The ideal candidate will be intellectually curious, possessing a strong desire to understand complex credits and situations in a dynamic environment.
The ideal candidate will have an established investment contact network to assist in relative value ideas and timely credit research You will be required to comply with a Code of Ethics which covers personal trading activities for you and members of your household
Aviva is an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, or veteran status or any other status protected by federal, state or local law.
Aviva - 2 years ago