European High Yield Credit Analyst – Associate / VP

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 12 Dec 17 2017-12-12

See job description for details

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile

The Fixed Income Division (FID) is comprised of Interest Rate and Currency Products, Credit Products, Securitized Products, and Municipal Securities. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader in energy, metals, and agricultural product trading worldwide whose professionals trade in both physical and derivative commodity risk.

Morgan Stanley is looking to recruit a Credit Analyst professional to join the Credit Analytics team in London.

Primary Responsibilities

This role will involve fundamental analysis of European High Yield corporate issuers. The team are responsible for reviewing and managing risk on books with the corporate trading desk. They provide executable trade ideas to the trading desk and external clients across cash and synthetic products in European corporates. This includes the ability to critically review legal documentation of the various instruments. The team is pivotal in developing a rapport with core clients across Europe.

The successful candidate will pro-actively contribute to the generation of trade ideas across the capital structure as well as active risk management of the trading book. They should be able to look at selected special situations in the investment grade universe and apply their core knowledge of valuation techniques, across multiple sectors are required. They will establish key client relationships and support the commercial impact of the credit business.


Skills required (essential)

  • Degree or equivalent in Finance, Economics, Math or Engineering.
  • Previous relevant experience within a similar sell / buyside role and financial statement analysis (corporate finance environment).
  • Have an established personal network with investors / clients.
  • Demonstrate strong analytical and problem solving skills.
  • Ability to effectively work in a small team with multiple tasks.
  • Excellent communication skills – both written and verbal.
  • Flexible approach to workload and demands of role – ability to prioritise.
  • As the role will be regulated, prior FCA registered is highly advantageous.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.