In this business unit, activities are carried out through open-ended funds, which invest in bonds issued by public or private companies throughout the ratings spectrum (investment grade or high yield securities). For each investment, the team performs an intensive due diligence that focuses on a constant interchange between their top-down view (directional market analysis leading to a sector screening) and their bottom-up view (fundamental analysis of each issuer leading to a selection of the securities to be held on portfolio). In addition, for each issuer, the team evaluates ESG risks and opportunities to ensure that the investments comply with the relevant Group policy.

Within the Fixed-Income Credit Research Team, you will be in charge of assisting the analysts to perform their investment recommendations for high-yield bonds:

• Business and financial profile of issuers;
• Financial modelling;
• Relative value analysis;
• Quarterly monitoring of a portfolio of selected issuers;
• Participation to roadshows and other investor events;
• Regular meetings with the Research and Portfolio Management Teams.

• Degree in Finance/Economics/Business or related fields,
• Strong knowledge of financial analysis (P&L, Balance Sheet and Cash Flow statements),
• Good expertise in Excel (experience with VBA is a plus),
• Fluent in English,
• Flexible and adaptable, strong team player,
• Previous internship experience in related field is required.