Quantitative Credit Analyst
Milton Resourcing
Capetown, South Africa
3h ago

Responsibilities :

  • Delivery of specific projects initially a macro credit spread model and a credit ratings model to be used as tools by the credit team to assess, price, rank, value, and analyse credit assets.
  • Work may extend to reviewing credit-pricing models and methods, valuation methods, and participating in the pricing-for-liquidity modelling.

  • Making investment recommendations in respect of listed corporate bonds and money market.
  • Performing detailed investment analysis (including an assessment of financial, operational,management, competitive, industry, governance, environment and social factors).
  • Performing global, local as well as industry specific research and analysis.
  • Participation in ad hoc projects (related to listed bonds, process improvements, ASISA initiatives etc).
  • Analysis of legal documentation and review of key terms and conditions for appropriateness.
  • Working with internal and external legal advisors to ensure adequate protections are captured in the legal documentation.
  • Proposing appropriate risk-adjusted pricing and working with the dealing desk in the pricing and valuation of listed bond instruments.
  • Monitoring pricing and issuance trends in listed debt auctions to inform the broader investment decision making process.
  • Working with the team to further develop and subsequently maintain internal relative value pricing databases.
  • Regular contact with borrower management teams, rating agencies, deal originators, legal advisors, internal portfolio managers, ASISA, the JSE and other stakeholders.
  • Deal origination.
  • Sourcing transactions via reverse enquiry.
  • Developing and maintaining counterparty and arranger relationships.
  • Analysis of appropriateness of deal structures and pricing.
  • Reviewing existing transactions to assess evolving risks and rewards and recommend if our client.
  • funds should continue to hold the investment, buy more or sell.
  • Maintenance of all investment related data.
  • Participation in valuation methods and processes, Listed and Unlisted Credit Committees and other internal team meetings.
  • Participation in client investor presentations, discussions and report backs.
  • To develop the use of derivative instruments, either stand-alone or embedded, in the management of instruments and funds instruments.
  • Requirements :

  • Relevant commerce or financial markets degree (with financial mathematics / statistics as a subject)
  • CA (SA) and / or CFA candidate or similar is preferred (at least Financial Accounting, Economics or Financial Analysis up to 3rd year level).
  • Prior asset management or banking experience in credit analysis, deal implementation, monitoring and instrument valuations would be an advantage.
  • Prior experience with financial instruments and in financial markets an advantage;
  • Prior experience in building investment models; and
  • Computer literacy (MS Office, especially MS Excel) is essential.
  • Strong commercial focus with a passion for investments.
  • Analytical thinking.
  • Meticulous attention to detail.
  • Decision-making and judgement.
  • Displaying drive, purpose and initiative.
  • Collaboration and teamwork.
  • Assertiveness.
  • Articulate and confident.
  • Networking skills.
  • Excellent planning & organisational skills.
  • Ability to work under pressure and to multiple, tight deadlines and deliverables.
  • Excellent communication skills (including verbal, writing and presentation skills).
  • Integrity.
  • Learning agility (curiosity and willingness to learn).
  • Adaptability; and
  • Negotiating skills.
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