US Investment Grade Credit Research Analyst (Securitized)

The Investment Grade Credit Research Analyst will provide essential expanded depth, breadth, and research support for management of Impax’s investment grade and multi-sector fixed income strategies, with a focus on securitized products credit analysis.  

ROLE DIMENSIONS 

The Investment Grade Credit Research Analyst will provide research support for Senior Credit Research Analysts and Portfolio Managers. The focus will be assisting with primary research including data collection, model building and maintenance as well as monitoring existing positions. Over time, the role could evolve into primary sector coverage responsibility. 

As directed by the assigned Senior Credit Research Analysts or the Co-Heads of Credit Research, primary responsibilities will include but not be limited to the following: 

• Analysing the credit aspects of structured finance transactions including ABS, RMBS, and CMBS.
• Modelling cashflows, analysing data tapes and loan files.
• Performing ongoing due diligence and surveillance of portfolio holdings.
• Making specific investment recommendations based on fundamental credit research and relative value.
• Contributing to the documentation of new investment ideas.
  
• Assisting in ESG related data collection, review, and analysis. 

KEY DELIVERABLES 

• Expand depth and breadth of securitized products credit analysis by enabling the team to more cover a larger portion of the investment universe. 

• Provide support and longer-term bench strength for the fixed income business. 

Essential: 

The Credit Research Analyst brings at least 2-5 years of experience in structured finance. Additional qualifications include: 
• A genuine interest in sustainable investing and the desire and capacity to integrate ESG into security analysis. 
• Well-developed analytical skills with a strong understanding of cashflow modelling and legal documentation. 
• A high degree of intellect, curiosity, drive for continued improvement, and a passion for investing. 
• Attention to detail, strength of conviction, ability to think independently, and generate original ideas and opinions. 
• A desire to work in a collegial team-oriented environment and openness to discussing, sharing, and debating original investment ideas with a collaborative style. 
• Succinct and clear communication skills. 
• A flexible, open-minded style and an interest in gaining perspectives from various sources and people.  
• Highest standards of personal honesty and integrity. 
• Strong academic credentials that ideally include a desire to pursue a CFA designation. 
• Strong technical skills with advanced knowledge of Microsoft Excel and Bloomberg. Familiarity with other standard structured finance evaluation tools including Intex, Trepp, and Yieldbook.