Associate Director

Public Credit: Credit Research Analyst

Associate Director

London

Hybrid working hours (Permanent full-time role; Monday to Friday)

We are a company driven by a solid set of principles (see below) and purposes such as diversity, equity, and inclusion. Our working culture provides flexibility and naturally a ‘hybrid’ working model as standard. We are part of the Women in Finance Charter, an initiative set up by the UK’s HM Treasury. We want to benefit from the many positives that come by having a more diverse working culture throughout all levels of seniority and lines of business. Our workforce enjoys excellent benefits, including private healthcare, a brilliant pension, and a host of other benefits to ensure you and yours are kept safe and protected.

MetLife Success Principles

• Build Tomorrow – We change and innovate for sustained performance
• Win Together - We collaborate and empower each other to succeed
• Own It - We deliver for our customers

You’ll be joining a business that is expanding, cares about the community and the environment. You will get a 9% pension as standard, increasing to 13% company max contribution (plus your 4% = a 17% pension). You can also get up to 31 days holiday, hybrid working, life assurance - employee, income protection, private medical insurance, mortgage advice, gadget cover, life assurance - partner, critical illness, travel insurance and dental cover.

Company Overview

MetLife, Inc (“MetLife”) has helped generations of people around the world protect their families and finances. We are one of the world’s leading financial services companies, providing insurance, annuities, employee benefits, and asset management to our individual and institutional customers.

MetLife Investment Management (”MIM”) is the institutional asset management business of MetLife and provides public fixed income, private capital, and real estate investment solutions to institutional investors worldwide. MIM had $580 billion of total assets under management as of December 31, 2022.

The Public Fixed Income (“PFI”) investment team within MIM manages over $300 billion of AUM (as of December 31, 2022) across various mandates, including Investment Grade, High Yield, Leveraged Loans and Emerging Markets. The team operates globally with bases in London, New Jersey, Philadelphia, Hong Kong and Santiago, Chile.

Role Value Proposition:

Experienced credit analyst (Associate Director level) to cover a portfolio of EMEA Technology, Media and Telecom (“TMT”) names across non-financial Investment Grade, High Yield, Leveraged Loans and Emerging Market asset classes.

The successful candidate will join MetLife Investment Management Ltd (MIML) UK’s London-based PFI team, which supports the continuing growth of the team’s EMEA assets, U.S. General Account Insurance Business, assets for other MetLife Affiliated Insurance Companies and Unaffiliated/Third-Party assets managed by MIM/MIML. The Associate Director / credit analyst will report into the US-based Global TMT Sector Team Lead with day-to-day oversight and coaching from the London-based Regional Lead.

Associate Director / credit analyst Key Responsibilities:

Conduct fundamental credit research and relative value analysis, including:

• Financial modelling and analysis
• Quarterly and annual earnings analysis and review
• News and events analysis and review
• Comp sheet construction, price monitoring and relative value analysis
• Valuation work and analysis
• ESG profile and risks

Communication with companies and other sources of information, including:

• On-site visits and 1x1 meetings with corporate management teams
• Communication and relationship building with rating agencies and sell-side research analysts
• Communication with industry experts and other resources

Making clear and actionable investment recommendations across all strategies, helping to manage risk:

• Communicate with portfolio managers, traders and other research analysts (across various geographic regions and sectors) to manage portfolio positions
• Generate and present new investment ideas
• Actively participate in group investment discussions

Client Interaction

• Participate in new client prospecting and due diligence meetings
• Participate in existing client due diligence and update meetings
• Engage with clients with regards to information needs, reporting requirements and direct access requests

All associates:

• Ensure effective risk management is considered in all day-to-day activities, in accordance with ME risk policies, and escalate any areas of concern to line manager and where appropriate Risk Management function.

Associate Director / credit analyst Essential Business Experience

Required:

• 5+ years of credit research experience in non-financial (corporate) public fixed income markets

Preferred:

• Previous coverage experience of Technology, Media and Telecom names preferrable, but not essential
  

Associate Director / credit analyst Essential Technical Skills:

Required:

• Outstanding skills in conducting in-depth fundamental credit research including financial modelling and relative value analysis
• Exceptional communication/presentation skills with a strong command of the English language (verbal and written skills).
• Self-motivated, well-organised and entrepreneurial, with a strong team player mindset
• Ability to prioritise demands for time and undertake industry research with minimal direction
• Solid knowledge of capital markets, public debt instruments, and bond documentation
• Strong academic track record ideally with CFA, Accountancy, or MBA qualifications

Preferred:

• Proficiency in another main European language is an advantage but not essential

MetLife will assist in the funding of Professional Fees for employees where it is relevant and aligned to your position within the organisation. MetLife reserve the right to make a judgement on whether the subscription is relevant or not to your role as well as cease the payment at any time. This type of subscription will not incur “benefit in kind” tax.

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.

To view our MetLife Job Applicants Privacy Notice please click [Register to View]

At MetLife, we’re leading the global transformation of an industry we’ve long defined. Founded in 1868, MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. We have operations in more than 40 countries and hold leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.

We are one of the largest institutional investors in the U.S. with $669 billion of total assets under management as of December 31, 2021, ranked #50 on the Fortune 500 list, and honored to have been named to Fortune magazine's list of the "World's Most Admired Companies" for three consecutive years.

MetLife employees are united by purpose, guided by empathy and inspired by one another’s unique backgrounds and perspective to make a difference in the lives of our customers, communities, and the world at large.

This role is subject to the Senior Manager and Certification Regime. You will be required to comply with the FCA’s Tier 1 Conduct Rules which are as follows:

Tier 1 – Individual Conduct Rules

1. You must act with integrity
2. You must act with due care, skill and diligence
3. You must be open and cooperative with the FCA, the PRA and other regulators
4. You must pay due regard to the interests of customers and treat them fairly
5. You must observe proper standards of market conduct

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MetLife is proud to be an equal opportunity employer. We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce. It is the policy of MetLife to ensure equal employment opportunity without discrimination on any basis protected by law.

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

Requisition #: 131984

To view our MetLife Job Applicants Privacy Notice please click [Register to View]

We welcome applications from candidates of all backgrounds, ethnicities, genders, religions and sexual orientations.

We strive to find the best candidate for all positions and a diverse range of applicants ensures we widen our talent pool in order to achieve this.

Those with disabilities and neurodiverse conditions, please do let us know about your reasonable adjustments to ensure that we can best meet your needs.

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