Manager Credit Analysis

Employer
ADP
Location
Wilmington, Delaware (US)
Salary
Competiive
Posted
Dec 07, 2018
Closes
Feb 05, 2019
Ref
www.adp.com/careers - job #166383
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors

ADP is hiring a Manager Credit Analysis. In this role, you will report to the Senior Director of Credit Analysis and assist with overseeing the credit review process for all current and potential investments related to ADP's $22 billion money market and fixed income investment portfolio. Provide analytical, portfolio management, and trading support for Delaware staff. Assist in maintaining current on news and events related to current and potential investment. As part of the credit team, the day-to-day responsibilities include:

 

  • Provide constant credit surveillance. Keep abreast of developing credit situations through the use of Bloomberg, credit rating agencies, market intelligence, research, and analysis and update in-house credit summaries.
  • Assist with the review process to approve or disapprove of new money market funds, commercial paper, bank time deposit, corporate, sovereign, and supranational issues and/or issuers, as well as counterparties for repurchase and reverse repurchase agreements, following discussion and the concurrence of senior management.
  • Review and analyze new asset classes for investment purposes.
  • Maintain approved lists for money market fund, commercial paper, bank time deposit, corporate, sovereign, and supranational issuers, as well as counterparties for repurchase and reverse repurchase agreements.
  • Communicate and discuss credit events and situations to appropriate ADP Delaware associates and ADP management, as appropriate and necessary.
  • Monitor all credit upgrades and downgrades by Moody's and S&P and provide timely notification to appropriate Delaware staff and ADP management, as well as a recommended course of action.
  • Maintain a close relationship with Bloomberg, Moody's, and Standard & Poor's analysts for clarification of security analytics.
  • Assist Senior Director of Credit Analysis with quarterly Other-Than-Temporary Impairment report, managing relationship with outside investment managers, preparing quarterly board reports, and other special projects for senior management.
  • Support the mission and objectives of ADP and ADP's Delaware Operations
  • Work closely with other associates and be a positive influence on the workplace in Delaware.
  • Perform other tasks as requested by Senior Director of Credit Analysis or senior management of ADP.
  • Requirements:

     

  • Bachelor's degree in business, accounting, finance or equivalent is required.
  • Master's Degree in Business Administration (MBA).
  • CFA is desirable.
  • Five years of experience in the fixed income industry and/or relevant work experience.
  • Extensive experience within the asset management industry and a thorough knowledge of investment products.
  • Experience analyzing complex credit structures. 
  • Excellent written and presentation skills
  • Ability to respond and react to a variety of different critical issues simultaneously.
  • Ability to meet strict deadlines and provide rapid response.
  • Bloomberg, PORTIA, Microsoft Office applications.