Credit Analyst

Business Area: Fixed Income, Treasury and Trading

Place of Work: London

Contract Type: Permanent

When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career. Given our size you'll have real autonomy and influence as you collaborate closely with a wide-ranging team of experts.

About the role

In your role as Credit Analyst, you will make a meaningful and valued contribution from the outset. This role will provide a great opportunity to perform deep-dive fundamental credit analysis on non-financial issuers resulting in trade recommendations,
develop expertise on specified sectors, and be able to take views on individual credits based on these skills and knowledge.

You will contribute to the collegiate decision-making process of the team and independently generate investment/divestment ideas for desk as well as actively participate in team discussions around single names. In addition, you will produce alpha generation idea across the Global Credit Mandates and maintain an understanding of market trends, economic indicators, geographic and sector specific factors that may impact portfolio performance.

What you will be doing

As a trusted part of the Fixed Income, Treasury and Trading team you will be responsible for:

Delivering Results

• Take ownership of allocated credit exposures.
• Monitor these credits closely, including the quarterly earnings reporting and changes in and relative to expectations.
• Keep on top of regulatory and policy changes, as well as macro developments, which could impact the credit exposure.
• Generate investment/divestment ideas and assist the Portfolio Managers.

Managing Resources

• Attend credit conferences/Issuer meetings and share relevant insights.
• Source investment opportunities and leverage external resources for the scheme.

Managing Relationships

• Key internal relationships with peers across the Fixed Income & Treasury Team, Responsible Investment, Financial Risk, Investment Strategy & Advice (ISA), Private Markets (PMG) and Public Equities teams. Aim to collaborate / share expertise across the various teams to maximise benefit to USSIM.
• Develop working relationships with key sell-side Analysts and Sales.

About you

We know that sometimes people can be put off applying for a job if they don't tick every box, if you're excited about working for us and have most of the skills or experience we're looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.

To be successful in the role you will have:

• A background as a Credit Analyst preferably with exposure to both investment grade and high yield companies
• Strong credit modelling skills
• Experience of US and European Investment Grade and High Yield bond markets
• An understanding of drivers for spread & price changes in IG and HY credits
• A feel for macro factors affecting credit and broader financial markets.
• An understanding of Environmental, Social and Governance considerations for single name and sectors
• Proficiency in Excel and Bloomberg
• Experience in writing and presenting clear, concise reports/process documents, sometimes synthesising complex material.
• The ability to work well in a small and collegiate team
• Attention to detail.
• Clear communication

Why join us?

At USS, every individual contributes to building a secure financial future for our members and their families. We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others. We're also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual's unique career path, driving this forward with the support of an engaged and proactive management team. Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture and excellent range of benefits!

How we will reward you

• Great starting salary
• Generous annual leave package
• Access to a high quality pension scheme provided through Universities Superannuation Scheme
• Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
• Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
• Access to a range of health and wellbeing services i.e., private healthcare, discounted gym membership
• Learning and development opportunities to develop your skills, knowledge and talent
• Employee Volunteer Day’s to support the communities where you work and live
• Cycle to Work Scheme

Our people are what makes us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves. Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values:

• Integrity
• Collaboration
• Excellence

Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and other higher education institutions in the UK. We work with around 330 employers to help build a secure financial future for almost 577,000 members and their families. We are one of the largest private defined benefit pension schemes in the UK, with total assets of around £76.8bn (at 31 March 2025). To find out more, please visit https://www.uss.co.uk

USSIM is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent. We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting resourcing@uss.co.uk