Curmi & Partners

Fixed Income Analyst

Company Profile

Curmi & Partners manages the investment requirements of a variety of clients which range from retail individuals to the more sophisticated institutional investors. Curmi & Partners was established almost 40 years ago when the clients of the firm at the time were retail individuals who required assistance to invest their savings in the international financial markets. Over time, the company evolved to become the Investment Manager of choice for a plethora of investors whose investment requirements have become much more demanding both from a technical as well as a regulatory angle. The number of portfolios belonging to professional investors has been growing exponentially over the past decade ranging from High Net-Worth Individuals to Trusts & Foundations, Banks, Family Offices, Insurance companies and Pension Schemes.

Although the regulatory background and investment requirements of these investors could at times be substantially different, we still ensure that an element of communality in our approach is maintained across all profiles – a communality which is reflective in the ethos we want each of our clients to witness first hand.

Our approach to investment management is primarily based on discipline, structure and analysis. Our investment ideas and portfolio structures, specifically developed for our clients, are the result of innovative thinking and thorough research which have successfully addressed diverse investment mandates.

Job Description

Curmi and Partners Ltd is seeking an experienced Fixed Income Analyst to join their Strategy & Research team responsible for conducting market research and fundamental analysis with the objective of formulating the investment strategy of the firm across an array of fixed income and multi-asset portfolios.

This is an excellent opportunity to work in a growing company which truly values its staff members, constantly invests in state of the art portfolio management systems, IT infrastructure and research resources and allows members to develop and participate in the firm’s investment decision making process. The selected candidate will report to the Head of Investment Strategy & Research.

 The responsibilities of the Fixed Income Analyst include:

  • Ongoing market monitoring and analysis of trends primarily relating to interest rates and fixed income markets;
  • Conduct credit market analysis and issuer specific analysis using all relevant and material information available to investors in order to formulate an informed opinion on the relevant bond classes and issuers;
  • Produce fixed income market reports and provide recommendations on fixed income strategy and participate in internal strategy meetings tasked with formulising the firm’s investment strategies;
  • Identify investment opportunities and select fixed income securities based on market research and fundamental analysis guided by the investment strategy adopted by the company;
  • Produce issuer-specific reports for internal use as well as for distribution to clients detailing the financial profile and credit metrics, investment recommendation and associated risks;
  • Attend investor conference calls, stockbrokers’ meetings and interact with issuer management teams where possible;
  • Develop and maintain spreadsheets and models to support credit analysis of new and existing issuer exposures;
  • Contribute to the firm’s yearly strategic asset allocation exercise by developing and maintaining models to estimate expected returns and volatilities associated with various bond classes;
  • Maintain spreadsheets containing security lists and latest rating assigned to each issuer;
  • Maintain fixed income model portfolios on Bloomberg;
  • Assist in team-wide objectives, routine tasks and initiatives as deemed necessary;

Desired Candidate Profile:

Knowledge and Experience

  • Knowledge of financial markets and financial instruments is essential;
  • Minimum 3 to 5 years of experience in fixed income and credit analysis, preferably within an investment management function, covering developed markets, emerging markets, investment grade and sub-investment grade bond markets;
  • Experience in conducting issuer-specific fundamental analysis and conduct credit assessments of corporate issuers in selected bond classes;
  • Experience in identifying investment opportunities, and propose investment recommendations based on the outcome of the credit analysis and market trends;
  • Experience in outlining in a succinct manner the credit profile, investment basis and risks pertaining to selected issuers in research reports for internal and external distribution;

Skills and Qualifications

  • Has a firm command of financial reporting analysis;
  • Strong work ethic, accuracy and attention to detail;
  • Strong research and analytical capability – ability to analyse quantitative and qualitative information;
  • Ability to assess critical information and formulise an opinion in a timely manner;
  • Excellent report writing skills and verbal communication;
  • Ability to work on own initiative and prioritise work requirements;
  • Minimum Bachelor’s Degree in Finance, Accounting or a related field;
  • Supplementary education and training, such as CFA or Master’s Degree in a relating area is considered an asset;
  • Advanced command of Excel and Bloomberg;
  • Competence in preparing presentations.

If you are interested in the above role kindly submit a covering letter and CV via email to Mr Matthias Busuttil on mbusuttil@curmiandpartners.com or info@curmiandpartners.com.