Covenants Associate

At Moody's, we unite the brightest minds to turn today’s risks into tomorrow’s opportunities. We do this by striving to create an inclusive environment where everyone feels welcome to be who they are-with the freedom to exchange ideas, think innovatively, and listen to each other and customers in meaningful ways. 

If you are excited about this opportunity but do not meet every single requirement, please apply! You still may be a great fit for this role or other open roles. We are seeking candidates who model our values: invest in every relationship, lead with curiosity, champion diverse perspectives, turn inputs into actions, and uphold trust through integrity. 

We are hiring a Covenants Associate to join our Corporate Finance Group - Covenants Team in London!

The Covenants Associate will provide day-to-day support to the senior covenants professionals in the London office by:

• Drafting Covenant Quality Assessments, which provide a detailed analysis of the negative covenants and other significant investor protections in all material high yield bonds issued into the EMEA, APAC and LATAM markets (training will be provided on subject matter and process)

• Supporting the senior team members in drafting topical and trends-related research on the high yield bond, leveraged loan and private credit markets

• Maintaining the EMEA, APAC and LATAM high yield bond and leveraged loan covenant databases and assisting in the maintenance of the global covenant database

• Preparing statistical graphs, tables, and spreadsheets to enable analysis of covenant trends, in conjunction with senior team members

• Generating research slide decks for use in external and internal meetings

• Being an active participant in ad hoc projects

• Collaborating with global team members, as required

Note: Training on legal concepts will be provided and prior experience with the drafting and review of bond indentures and credit agreements is not necessary.

Qualifications:

• Strong academics with a BA/BSc degree (or higher) in law, political science, humanities or a related field of study

• MBA or Masters in Finance and/or previous credit analysis experience preferred

• Proficiency in the Microsoft Office Suite (EXCEL, PowerPoint, WORD)

• Comfortable working with complex data sets (i.e., accounting and statistics)

• Proficiency with GenAI and other similar value-adding tools, and how to use them to effectively streamline processes, enhance decision-making, and drive project innovation

• Strong written and verbal communication skills

• Ability to work to tight deadlines and manage own workflow/priorities

• Strong attention to detail, research and organizational skills

• Familiarity with Bloomberg and FACTSET preferred

Moody’s is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.

Candidates for Moody's Corporation may be asked to disclose securities holdings pursuant to Moody’s Policy for Securities Trading and the requirements of the position. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary.