Credit Research Analyst

Willis Towers Watson
London, United Kingdom
Oct 13, 2017
Oct 18, 2017
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Willis Towers Watson Investment works with large asset owners to create and implement long-term investment strategies. Our diverse client base includes institutional investors such as corporate pension plans, insurers, endowments and sovereign wealth funds. As a leading investment solutions firm, we have a steadfast commitment and responsibility to provide outstanding investment outcomes for the benefit of our clients. To accomplish this, we look to hire and retain the best people, provide opportunities for them to continue to develop their skills and then empower them to make a difference. The Investment business employs over 800 associates worldwide, has more than 1,000 institutional clients, c$90 billion of assets under management, and $2 trillion of assets under advisory.

The Manager Research team assists in driving our clients' decision making by sourcing the most appropriate ideas and ensuring we have the best solutions to implement them. We have one of the largest teams in the industry with over 100 researchers across the world's major investment hubs following one global, integrated research process. Our expertise is built on a foundation of in-depth qualitative and quantitative analysis, combining a thorough understanding of each asset class with the ability to identify skilled investment managers.

The Role

We currently have an exciting opportunity for an Analyst within our Credit Research Team. The key focus of the role will be to assist research efforts across alternative credit including (which includes high yield, leverage loans, hedge funds, structured credit and EMD) as well as illiquid credit (direct lending, distressed, etc.) and smart beta. However, the team operates holistically across the credit spectrum therefore there is also an opportunity to work across traditional sectors of credit as appropriate. As a junior researcher, the successful candidate will have sufficient analytical skills to assist and lead on projects assessing managers and liaising with the team's quantitative data team in Manilla on specific research or client requests. Ideally, the candidate has some experience interviewing fund managers.

In this role you will interview some of the most highly respected credit investment managers in the world, helping to form robust opinions on such areas as investment skill and the ability to meet our clients' objectives. These views are documented and communicated to clients both directly through face-to-face meetings and via access to our comprehensive database. As a member of the Investment Manager Research team you will liaise with other consultants around the globe while also partnering with other internal businesses to service clients' complex needs. We are continually looking for best ideas, applying asset class, manager and strategic views to develop new and innovative solutions for our clients around the world thus creativity, a strong knowledge of the credit markets and desire to improve solutions for clients will be necessary.

Performance Objectives:

  • Meeting fund managers to evaluate investment teams, their business, investment processes and risk management. Understand expected returns and risk drivers.

  • Chair introductory manager meetings and monthly calls effectively, developing rapport and strong open-ended questioning;

  • Broaden and deepen manager knowledge across strategies;

  • Look to develop points in written work, building on the story that clients can understand and highlighting our opinions on strengths and weaknesses.

  • Build relationships with external fund managers and help enhance WTW's reputation in this industry.

  • Extracting information to help drive decision making.

  • Produce detailed due diligence documents and communication of research views for client consumption.

  • Liaise with Manilla quantitative data team to complete research and client requests. Identify new efficiencies that can be automated within the team.

  • Help support senior consultants to deliver high quality manager research consulting advice to internal/external clients

  • Develop trusted advisor relationship through effective communication and efficient, quality execution of projects
  • Building relationships with managers, maintaining the research data portal and acting as a point of contact to provide information about the managers to members of the global investment practice.

  • Demonstrate natural ease and effectiveness when dealing with clients/colleagues at all levels
  • Support the generation of new business as part of the broader team including new product ideas, or strategy changes.

The Requirements

  • Prior experience in credit or manager research is preferred or a genuine interest in credit investment.
  • Quantitative skillset to analyse a set of data (performance, risk factors, etc.) preferred, or willingness to learn.

  • Ability to analyse qualitative data to form an initial opinion on a manager or strategy

  • Excellent oral and written communication skills and presentation skills.

  • Flexibility and proven ability to diagnose and resolve issues

  • Knowledge of the markets and/or fixed income investments

  • Graduate. Progress in CFA or other professional qualification an advantage, willingness to undertake the CFA essential.

Willis Towers Watson is an equal opportunities employer and does not discriminate on any basis. We support flexible working and this role will be considered on a flexible basis

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