Assistant Vice President - Corporate Credit Research

About M&G Global Services Private Limited

M&G Global Services Private Limited, formerly 10FA India Private Limited and Prudential Global Services Private Limited, is a fully owned subsidiary of the M&G group of companies. Operating as a Global Capability Centre since 2003, we provide a range of value-adding services to the Group. Our core purpose is to empower individuals with the confidence to invest their money effectively, drawing on a heritage spanning over 175 years of innovation in savings and investments.

We combine asset management and insurance expertise across two distinct operating segments, Asset Management and Life, to deliver balanced, long-term investment and savings solutions. M&G Global Services has rapidly evolved into a powerhouse, playing a crucial role in M&G’s ambition to become the world's most loved and successful savings and investments company.

Our diverse service offerings include Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance, and Audit. These areas provide exceptional career growth opportunities. We foster an exceptional workplace for exceptional talent through our core behaviours: telling it like it is, owning it now, and moving it forward together with care and integrity.

Job Title: Assistant Vice President - Corporate Credit Research

Function: Asset Management

Sub Function: Investment Research

Location: Powai, Mumbai

Job Purpose

This role is an integral part of the front-office investments team, requiring close collaboration with the M&G Asia Fixed Income team. The primary objective is to conduct thorough credit analysis and deliver high-quality, timely insights to portfolio managers focused on public corporate bonds in the Indian market.

Responsibilities

• Provide ongoing fundamental credit assessments and recommendations on portfolio companies in the coverage universe. This involves:
  • Performing in-depth analysis of business and financial profile of companies, capital structure, bond covenants, and identifying potential key risks and opportunities.
  • Building sector knowledge and identifying emerging industry themes, as well as ranking companies within the sector based on fundamentals.
  • Providing credit reports, new issue thoughts, sector reviews, and other investment write-ups.
  • Performing impact analysis of key credit events, earnings releases, corporate actions, rating changes, and sector developments on companies’ credit profiles.
  • Identifying relative value opportunities in both primary and secondary markets.
• Actively analyse the impact of Environmental, Social and Governance (ESG) issues on a credit, and perform ESG related tasks including themed bond assessments (Green/ Social/ Sustainable), coal exposure assessments, and company engagements.
• Provide insights into Indian corporate bond market dynamics, including local investor sentiment, bond pricing, new issues, and regulations.
• Participate in regular credit discussions/team meetings, sector review meetings, and company meetings/engagements where required.
• Participate in ad hoc research projects including (but not limited to) thematic research, impact analysis of major external events, system/process enhancement, and client presentations.
• Provide assistance to internal and external client or consultant presentations and responses to client queries and media requests.

Core Competencies

• Strong analytical and financial modelling skills, with an excellent understanding of financial statements and ratio analysis, and a high level of attention to detail.
• Good knowledge of the Indian bond market and its dynamics (pricing, primary issuances, regulations etc.) and established relationships with brokers.
• Strong communication skills with the ability to collaborate, build relationships, and exert influence.
• Able to work independently as well as collaborate both within and across teams.
• Knowledge of data manipulation tools such as Excel/VBA, PowerBI, and third-party applications such as Bloomberg, CapitalIQ, Factiva would be beneficial.

Experience

6-10 years of experience in Indian fixed income markets/investment management/asset management/corporate credit analysis.

Educational Qualification

• MBA
• CFA/CFA pursuing (preferred)

Key skills/competency

• Credit Analysis
• Financial Modelling
• ESG Integration
• Indian Bond Market
• Investment Research
• Fixed Income
• Capital Structure
• Financial Statements
• Bloomberg
• CapitalIQ