High Yield Desk Analyst
Apply NowCompany: Raymond James Financial, Inc.
Location: Jersey City, NJ 07305
Description:
Job Description
Summary Analyze corporate bond securities, particularly within the leveraged finance universe, to assist traders on balance sheet management and add value for clients. Analysis will include high-level work on the credit markets, sector and issuer research, financial modelling, and timely breakdown of real-time news relevant to our business. The ideal candidate will assist Sumridge in generating accretive returns for our firm and for clients through trade ideas. We are looking for a self-motivated, hard working and intellectually curious individual.
Job Description
Responsibilities: Collaboration with traders on balance sheet management, providing guidance for decision making. Collaboration with sales personnel to provide relevant insight on topical situations in real-time fashion. Ability to analyze trading opportunities at all levels of the capital structure (both long and short) and contribute ideas across the entire SumRidge desk. The candidate will develop pre-existing or new relationships with client decision makers with the goal of driving business. Stay current on market developments, credit ratings and regulatory changes as it pertains to high yield securities. Work with the data team to help generate reports to assist traders and sales personnel on trends and trade ideas. Identify distressed debt opportunities and provide necessary restructuring and recovery analysis. Analyze time-sensitive information in real-time and its impact on securities within the high yield universe.
Skills: Communicating effectively, both orally and in writing. Math and analytics sufficient for quantitative and analytical analysis to assist the development of financial models. Problem solving and the ability to think independently sufficient to market ideas, services and products to our brokers and clients. Excel, Bloomberg and other relevant tools to disseminate market data. Experience with VBA, Python, statistical modelling, or other programming a plus but not required
The position will be located in our office in Jersey City, NJ
Education
Bachelor's: Economics (Required), Bachelor's: Finance (Required), Master's
Work Experience
General Experience - 10 to 15 years
Certifications
Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA), Series 63_AG - Agent - Financial Industry Regulatory Authority (FINRA), Series 7_GS - Gen Sec Rep - Financial Industry Regulatory Authority (FINRA)
Salary Range
$130,000.00-$200,000.00
Travel
Less than 25%
Workstyle
Resident
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm
At Raymond James - as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
#LI-RE1
Summary Analyze corporate bond securities, particularly within the leveraged finance universe, to assist traders on balance sheet management and add value for clients. Analysis will include high-level work on the credit markets, sector and issuer research, financial modelling, and timely breakdown of real-time news relevant to our business. The ideal candidate will assist Sumridge in generating accretive returns for our firm and for clients through trade ideas. We are looking for a self-motivated, hard working and intellectually curious individual.
Job Description
Responsibilities: Collaboration with traders on balance sheet management, providing guidance for decision making. Collaboration with sales personnel to provide relevant insight on topical situations in real-time fashion. Ability to analyze trading opportunities at all levels of the capital structure (both long and short) and contribute ideas across the entire SumRidge desk. The candidate will develop pre-existing or new relationships with client decision makers with the goal of driving business. Stay current on market developments, credit ratings and regulatory changes as it pertains to high yield securities. Work with the data team to help generate reports to assist traders and sales personnel on trends and trade ideas. Identify distressed debt opportunities and provide necessary restructuring and recovery analysis. Analyze time-sensitive information in real-time and its impact on securities within the high yield universe.
Skills: Communicating effectively, both orally and in writing. Math and analytics sufficient for quantitative and analytical analysis to assist the development of financial models. Problem solving and the ability to think independently sufficient to market ideas, services and products to our brokers and clients. Excel, Bloomberg and other relevant tools to disseminate market data. Experience with VBA, Python, statistical modelling, or other programming a plus but not required
The position will be located in our office in Jersey City, NJ
Education
Bachelor's: Economics (Required), Bachelor's: Finance (Required), Master's
Work Experience
General Experience - 10 to 15 years
Certifications
Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA), Series 63_AG - Agent - Financial Industry Regulatory Authority (FINRA), Series 7_GS - Gen Sec Rep - Financial Industry Regulatory Authority (FINRA)
Salary Range
$130,000.00-$200,000.00
Travel
Less than 25%
Workstyle
Resident
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm
At Raymond James - as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
#LI-RE1