Emerging Markets Sovereign Credit Analyst
Emerging Markets Sovereign Credit Analyst
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Job Description
Notre mtier protger les personnes les biens et les raison dtre agir pour le progrs humain en protgeant ce qui vous parle Alors venez rejoindre 149 000 futurs collgues qui sengagent au quotidien auprs de nos 95 millions de clients dans 50 pays travers le monde.
Votre environnement de travail
Le sige social du Groupe AXA (GIE AXA) regroupe nos activits corporate. Il assure le pilotage et le support des filiales dans le monde afin de garantir notamment la coordination et le suivi de la stratgie globale dAXA lapplication de ses standards la cohrence des approches commerciales et le partage des meilleures pratiques.
Le sige est compos denviron 1000 employs et se distingue par sa forte culture internationale (45 nationalits) ce qui en fait un espace de travail riche et stimulant.
Cest autour de la diversit et de lunit que se construit AXA cest pourquoi nous nous engageons promouvoir le succs collectif par linclusion.
Within the Group you will join Group Investment & AssetLiability Management (GIA) department. GIA role is to consolidate local investment decisions leverage on financial expertise through the Group and steer investment ideas. The team works in close collaboration with AXAs worldwide investment teams and toptier investment managers including AXA IM to deploy capital across various asset classes. Overseeing over EUR600bn of Assets Under Management (AuM) GIA is organized into four teams (c.50 professionals) under the leadership of the Group Chief Investment Officer (Group CIO).
Within the department youll join the EM Sovereign Research team and report to CIO IMA.
The research coverage encompasses periodic (12 to 18 months) indepth credit assessment leading to an Internal Credit Rating and an Investment Eligibility status proposal to be presented to an internal credit committee for validation. The research coverage encompasses ongoing monitoring of newsflow drafting of surveillance notes in case of material events proposing adhoc credit review to propose a change in rating and or eligibility status.
AXA has developed an internal sovereign methodology to assess the creditworthiness of EM Sovereigns that also integrates the assessment of the credit materiality of E/S/G issues.
This job is based in Madrid or Paris.
Your job and daily missions:
JOB PURPOSE
Your mission is to assess the creditworthiness of EM Sovereigns and propose Internal Credit Rating for a set of EM Sovereigns relevant to AXA Groups investment portfolio.
You will also provide adhoc research analyses regarding the EM Sovereign Credit Research when relevant.
You will also contribute to the EM Sovereign Comprehensive Review EM Sovereign Research teams annual review of all EM Sovereigns in its coverage.
CONTEXT AND MAJOR CHALLENGES
To achieve its mission you will have the responsibility to cover a set of EM issuers relevant to AXA Groups credit book:
perform a fundamental credit analysis of issuers under your coverage
monitor the credit profile for your covered issuers with a special focus on the rating migration risk
You need to have a critical view on issuers based on various sources of information discussions with asset managers meetings and/or calls with the issuers and various market participants as well as rating agencies.
You will be confronted to lower level of data transparency and access to information than for analysts covering Developed Markets (DM) issuers. You are well conscious of this dimension when providing fair balanced credit assessments.
You need to understand the potential evolution of the factors impacting creditworthiness of these issuers under different scenarios (including stressed scenarios) and propose proper eligibility recommendation.
You will follow the financial markets economic newsflow and other credit events related to the issuers in your coverage and beyond. This comprehensive monitoring allows you to recommend changes in his/her recommendation. You also understand the mechanisms of the financial markets as well as advanced financial and economic concepts and theories.
You will work closely with the EM Sovereign Credit Officer to ensure consistency of research coverage and output. You may carry out other tasks for the EM local entities of AXA Group for the Group Risk Management (GRM) or for senior management.
KEY ACCOUNTABILITIES
Write indepth Credit Assessment (CA) reports with internal credit rating and proposals for eligibility status
Produce timely surveillance notes on key credit events
Provide feedback information or alert when changes in economic financial conditions are detected
Any other adhoc team project e.g. development of alert tool and other data analysis initiatives
Build relationships outside the team (asset managers GRM local entities etc) as well as outside the Group (with rating agencies issuers brokers etc).
Work closely with EM Sovereign Credit Officer
Vous rejoignez une entreprise :
Responsable visvis des personnes y compris ses employs et ses clients et de la plante. Aux valeurs fortes Qui encourage la mobilit interne et la formation de ses employs Qui vous offre de nombreux avantages (en savoir plus ici : Reward & Benefits french AXA Group) Flexible qui permet le travail hybride au bureau et la maison.
Les informations fournies par les candidat(e)s seront traites de manire strictement confidentielle et utilises uniquement des fins de recrutement.
Required Experience:
IC
Employment Type
Full-Time
