Yield Research Analyst

Role Overview

Western Asset Management focuses on supporting our clients’ financial goals and creating positive outcomes. As a globally integrated fixed‑income manager, we source ideas and investment solutions worldwide, primarily using long‑term fundamental value investing across multiple diversified strategies.

• Research and analyze specific corporate issuers and issues in European industries, including healthcare, pharmaceuticals, chemicals and other basic industries.
• Support monitoring of existing issues held in client portfolios and evaluate new issues.
• Conduct in‑depth analysis of cash bonds and monitor trends in the credit default swaps market.
• Stay current with macroeconomic trends and developments in the fixed‑income market and investment industry.
• Provide support to the monitoring and evaluation of both existing and new issues.

• Strong experience in credit research, including coverage of healthcare, pharmaceuticals and chemicals.
• Ability to research and analyze companies’ credit fundamentals and assess fixed‑income securities’ covenants and indentures.
• Developed understanding of drivers of credit risk premia and relative value between bonds.
• Strong written and oral communication skills, comfortable presenting technical material.
• Highly motivated, conscientious, with an aptitude for taking initiative within a team environment.
• Undergraduate degree in Business, Finance or Economics (preferred); CFA desirable.

Western Asset Management is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, marital status, medical condition (including pregnancy and related conditions), physical or mental disability, protected veteran status, or any other characteristic protected by law.