Credit Analyst

# **About the Opportunity**Job Type: PermanentApplication Deadline: 27 October 2025Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately-held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 locations and with $608.7billion in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $437 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures. Find out more about what we do, our history, and how you could be a part of our future at .Our clients come from all walks of life and so do we. We are proud of our inclusive culture and encourage applications from the widest mix of talent, whatever your age, gender, ethnicity, sexual orientation, gender identity, social background and more.As a flexible employer, we trust our people to perform their role in the way that works best for them, our clients and our business. We are a disability-friendly company and would welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.**Department Description**At the centre of Fidelity’s success is our approach to managing money, with the philosophy unchanged since we were founded. Our approach places first-hand, detailed research at the core of our decision making, ensuring that every security – whether equity or bond – is investigated in detail before being included in our funds.Fidelity International’s Fixed Income Investment team manages client funds across the globe. The group comprises expertise in Portfolio Management, Trading, Quantitative Analysis, Credit Analysis and Investment Directing. The Fixed Income group are based in London, Continental Europe, Toronto, Hong Kong, Shanghai, Singapore.Its investment philosophy includes:* A belief that investors must look beyond traditional sources of alpha.* A team-based strategy that combines distinct disciplines to consistently identify a wide range of investment ideas with the highest probability of success.* A commitment to proprietary research that provides enough ideas to build diversified portfolios.* A quantitative team that is integral to identifying alpha and providing rigorous risk analysis. **Purpose of the Role**Fundamental Credit Analysts perform in-depth analysis to evaluate the creditworthiness of an issuer and assess the relative value of its bonds. With additional input from the trading and quantitative research teams, analysts communicate their recommendations to the portfolio managers, via written and verbal means, and actively seek to influence investment decisions. The analytical work requires regular issuer contact, possibly travel, and working together with a team of more than 30 Fixed Income analysts globally as well as research specialists in India and China.The credit research team in London is generally responsible for coverage of European, EMEA, North American and Latin American regions; analysts specialise by region, sector and credit quality. The FIL credit research team works collaboratively with over 100 equity analysts globally.It is with this strategy in mind that we are searching for an Investment Grade Credit Analyst, ideally with experience covering companies within the broader Industrials segments. The role is expected to be based in London. As a Credit Analyst, you will be a highly valued core member of the research and investment team (which include portfolio managers, traders and quantitative research analysts) and actively participate in strategy sessions that address credit trends, investment decisions and asset allocation. The successful candidate will also be expected to build close working relationships with their peers in London, Toronto, Continental Europe, Hong Kong, Shanghai, Singapore and India within the fixed income and equity divisions.**Key Responsibilities*** Provide fundamental coverage of Investment Grade Industrials sectors within the Global ex-Asia fixed income markets to contribute investment ideas that generate positive performance for our clients’ funds* Participate in team-orientated structure, working daily with traders, portfolio managers, quantitative analysts and investment directing* Prioritise core credit coverage from a larger sector universe by coordinating with investment team to find ideas that are most relevant for our funds to generate positive performance**Credit Research Process*** Perform fundamental analysis on your sector and individual companies to evaluate the creditworthiness of an issuer and assess the relative value of its bonds* Incorporate ESG analysis into your analytical process and overall investment thesis.* You are expected to become the internal sector expert for the fixed income team* Conduct primary and secondary research on your companies and sectors* Build and maintain detailed models, in conjunction with research specialists, that express your views and recommendations for your coverage* Analyse covenants and capital structures to select individual bonds / issuers for our funds* Lead company meetings, both in-house and externally, often in coordinating with PMs and equity colleagues**Communication / Collaboration*** Participate in regular team meetings across our range of fund disciplines* Publish internal research notes that express your conviction and recommendations to the investment management team* Partner with your trading desk counterpart to form relative value views taking liquidity considerations into