Senior Associate

About the Opportunity

Job Type: PermanentApplication Deadline: 21 September 2025

Job Description

Title Senior Associate - Fixed Income Research

Department Global Investment Research - Research Specialist Team

Location Gurgaon, India

Reports To Group Head - Investment Research

Level Research Analysis - 4

We're proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our Global Investment Research - Research Specialist Team and feel like you're part of something bigger.

About your team

Investment Research Specialist team is based out of two locations - Gurgaon, India and Dalian, China. The department provides fundamental research support (building financial models, maintaining industry databases, and conducting Industry and company analysis) to all FIL Equity and Credit analysts and select Portfolio Managers. This allows analyst teams to cover a higher number of stocks/credits, respond faster to corporate developments, dig deeper into investment issues, and manage coverage gaps. The team is also looked upon as a talent nursery for sourcing future Fidelity analysts.

About your role

As a credit specialist, you will play a pivotal role within FIL's global credit research team, providing comprehensive support to lead analysts by conducting in-depth credit analysis of corporate issuers and tracking trends in the global credit markets. Your responsibilities will include developing robust, purpose-driven financial models that form the foundation of investment recommendations, as well as drafting clear and actionable investment notes. Also, Utilise advanced analytical tools—including Python, Power BI, and advanced Excel techniques—to extract valuable insights from large and complex datasets.

Key Responsibilities

• Conduct in-depth analysis of corporate issuers, including reviewing financial statements, operating metrics, management quality, and sector positioning to assess creditworthiness and trends.
• Provide research support to lead credit analysts in maintaining coverage of assigned industries or regions, proactively identifying fundamental changes and relevant catalysts that may affect credit performance or market pricing.
• Build, maintain and enhance detailed financial models with the ability to build business drivers, incorporating M&A transactions, analyse capital structures, and estimate default probabilities and recovery values.
• Write clear, concise, and insightful research reports, presentations, and quick notes summarizing credit view ad key risks.
• Monitor and interpret developments in global credit markets, including changes in credit spreads, default rates, macroeconomic indicators, regulatory shifts, and geopolitical events.
• Basic understanding of advanced data analysis tools (e.g. Python, R, SQL) to collect, clean, and analyse large datasets, uncovering trends and generating insights to support investment ideas.
• Build and maintain strong relationships with FIL analysts and within the team
• Stay abreast of the latest developments in credit analysis techniques, data analytics, and relevant technologies; proactively share knowledge and best practices with the team

Experience and Qualifications Required

• 3 to 6 years' work experience in Credit or Equity Research
• Good understanding of capital markets with excellent financial skills. A solid understanding of financial statements, credit ratios and recovery valuation concepts. Prior experience of global markets is preferred
• Strong organizational skills and ability to manage multiple projects in a fast-paced, dynamic environment
• Knowledge of ESG factors and their impact on credit analysis
• Database skills - Bloomberg, MSCI, S&P Capital IQ and Cognitive Credit
• Excellent relationship management and strong communication/presentation skills

Education

• MBA or Master's in Finance from a prominent institute or CA
• CFA charter or progress towards any level of CFA will be preferred

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Feel rewarded

For starters, we'll offer you a comprehensive benefits package. We'll value your wellbeing and support your development. And we'll be as flexible as we can about where and when you work – finding a balance that works for all of us. It's all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit

For more about our work, our approach to dynamic working and how you could build your future here, visit