About Us
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
About The Role
WELLINGTON CLO ISSUANCE PLATFORM
The Wellington CLO Issuance Platform was launched May 2022, as a natural extension of our bank loan platform and highly adjacent offering to our leveraged credit capabilities. We launched this business and our first equity fund with the goal of leveraging our deep experience in bank loan and CLO tranche investing to become a top tier CLO issuer. We believe we have the necessary ingredients to achieve this: our competitive edge is the scale, stability and depth of credit expertise of our 33-member leveraged credit platform, long history and experience investing in both bank loans and CLOs, favorable CLO bank loan investment style, and established relationships with key CLO partners. We have already successfully executed on two CLO deals and are currently working towards a third, with the ambition to build a platform that issues between 3-5 actively managed CLOs approx. $400-$500mm in size per year. This role offers the opportunity to join a stable and growing team as well as be a part of the growth story of a franchise that has already established good early momentum, has strong strategic support behind it and exhibits significant upside potential over the long term.
THE POSITION
As part of the continued expansion of our global investment platform, we are currently seeking to recruit a Fixed Income Credit Analyst to join our Bank Loan Credit Research team. This individual will focus primarily on North American and/or global credits and will be responsible for following several industries in the bank loan market, and for providing fundamental credit research on the bond and loan issuers within them. As an active member of the High Yield/Bank Loan team, they will be fully integrated into the investment process and expected to provide investment recommendations that add value to client portfolios, as well as to shape portfolio management decisions. In addition, Bank Loan Credit Analysts regularly interact and collaborate with other investment professionals at the firm including other Credit Analysts, Equity Analysts, ESG Analysts, Portfolio Managers, Traders, and Macro Strategists. The specific coverage assignment for the successful candidate will be determined as part of the interview process.
Essential Skills
The following essential skills are required for the role:
- Investment acumen and passion --- we are seeking a Bank Loan Credit Analyst who is passionate about markets, research, and investing in fixed income. The ideal candidate will possess strong analytical skills, attention to detail and a quantitative orientation. Additionally, the ability to make investment decisions that are supported by rigorous analysis, often with incomplete information, and communicated with strong conviction is required; experience analyzing securities across the capital structure.
- Superior collaboration and influencing skills --- the successful candidate will enjoy contributing to a highly collaborative investment environment and will embrace the benefits of overlapping lines of idea generation. They will build strong, trusting relationships internally with colleagues, and externally with company management teams. The ability to provide a point of view and challenge the status quo is critical, as is the humility to admit mistakes and a desire to learn from others. They must recognize the benefits of diverse perspectives. The ability to communicate (both verbally and in writing) action-oriented investment recommendations clearly and with conviction, and contribute to an open investment dialogue is important.
- Intellectual curiosity, capacity for differentiated thinking, and a growth mindset --- the flexibility and openness to continue learning, evolving and growing as a Bank Loan Credit analyst and investor. They will have a global perspective and creative approach for thinking about innovation, and the evolution of investing.
Qualifications
Additional qualifications and individual characteristics are likely to include:
- 7+ years of experience in a related role, including previous credit research experience (ideally across more than one industry) in highly-leveraged credit markets;
- High level of initiative, and experience developing and implementing value-added investment recommendations;
- Comfort dealing with uncertainty, and an ability to take risk and try new things;
- Ability to set priorities and execute a research agenda;
- Independence of thought, an entrepreneurial nature, and a global perspective;
- Strong academic credentials: advanced degree/CFA/CAIA preferred.
LOCATION
This position will be based in Wellington’s Global Headquarters in Boston, MA.
Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com.
Benefits
At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 100,000 - 225,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.
Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)
