Develops the skills, through independent and on-the-job training, to become an investment analyst. This two-year program introduces individuals interested in, and with an aptitude for, a career in the investment management industry to all aspects of the fixed income capital markets. The position will provide meaningful, challenging work opportunities in various areas of the fixed income department. The program is designed to emphasize one of three tracks-corporates, municipals or quantitative-and involves both project-oriented and recurring assignments in support of fixed income analysts and portfolio managers.
Primary Job Duties & Responsibilities
- Job duties will vary based on market conditions and department needs, with responsibilities expanding progressively as appropriate.
CORPORATE AND MUNICIPAL TRACK:
- Associate Analysts play an active role in evaluating new and existing securities, sectors and asset classes. Core responsibilities include:
- Monitoring news and externally generated research pertinent to existing and potential securities holdings and communicating this information in a timely and effective manner.
- Presentation of historical and pro forma financial statement results and associated credit analysis ratios.
- Utilizing analytics software and databases to develop or refine tools and models used in credit, securities and portfolio analysis process.
- Preparation of a reports designed to track deal flow or identify credit or portfolio performance trends.
- Fundamental credit, sector and asset class research.
- Representing The Travelers with respect to in-person, telephonic and webcast issuer investment, sell-side or rating agency presentations.
- Presenting investment, portfolio and/or sector analysis in formal and ad-hoc meeting formats.
- Associate Analysts play an active role in the use and development of models and processes for analyzing portfolio performance and risk. Core responsibilities include:
- Utilizing software modeling and analytical tools, databases and other decision aids in support of recurring and ad-hoc portfolio, transaction, and credit analysis needs.
- Performing return attribution analysis and evaluating the results.
- Designing and building enhanced analytics for modeling fixed income securities.
- Participating in the development and implementation of new tools, models and reports to support the portfolio management process.
- Preparing of reports designed to identify and/or monitor risk or aid in the analysis of portfolios, transactions, sectors or credits.
- Assisting in the maintenance of the treasury futures portfolio.
- Bachelor’s Degree with minimum GPA of 3.5.
Education, Work Experience, & Knowledge
- Team experience and internship or other practical work experience are required.
- Candidates should demonstrate initiative, leadership, versatility, follow-through, the ability to deliver quality work, the ability to think analytically and to communicate effectively verbally and in writing.
- SUGGESTED MAJORS:
- Corporate Track: Business, Finance, Accounting
- Municipal Track: Liberal Arts, Political Science, Economics
- Quantitative Track: Science, Mathematics, Engineering