Alternative Credit Analyst

At BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application!

What You Can Expect At BBH:

If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm. We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.

BBH’s Credit Alternatives investment unit focuses on alternative opportunities in swiftly growing segments of the credit markets, including asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), collateralized loan obligations (CLOs) and business development companies (BDCs).  Its experienced investment team is a lead investor in all of these segments.  The Credit Alternatives investment team manages over $12b AUM, which are a key constituent of BBH’s structured fixed income strategy (on behalf of dozens of SMA clients and multiple commingled funds) as well as BBH’s taxable fixed income strategies. In addition to debt investments, the team is also an active investor in difficult to source, higher return equity and residual investments that are in high demand from alternatives investors.  The team is entrepreneurial in its search for value, leverages its deep relationships with hundreds of issuers and underwriters, and commits to the highest level of integrity in its analysis and investment process.

The Alt Credit Analyst is an entry-level investment position responsible for evaluating structured fixed income securities, making investment recommendations and helping evaluate other proposed investments in a team context, with a particular focus on Collateralized Loan Obligations (“CLOs”). This position analyzes the durability, management and financial structure of individual structured fixed income issuers, as well as sector dynamics, and valuation discrepancies between securities, sectors and grades.  The Alt Credit Analyst works collaboratively with other analysts, traders and portfolio managers to support the investment of our structured fixed income portfolios.  This position is expected to focus on CLOs across credit grades from Investment Grade through Sub-Investment Grade tranches, but will also interact with Consumer and Commercial Asset Backed Securities (“ABS”).

No prior experience is necessary; this is an entry-level, full-time position open to upcoming college graduates (Class of 2025), as well as recent college graduates.

Responsibilities Include:

Credit Analysis and Research

• Financial modeling and analysis of structured fixed income securities

• Recommend investment actions for structured fixed income securities, based on credit risk, and quantitative research and analysis.

• Work with fixed income traders and other analysts to identify, evaluate and locate potentially mispriced corporate bonds.

• Research and document credit recommendations in designated industry sectors.

• Provide the trading desk with pricing guidance for new purchases.

• Analyze the overall financial strength and risk of individual issuers.

• Analyze market and pricing trends, plus yield and duration considerations between different fixed income sectors.

• Monitor credit of securities, in the designated industry sectors, and take action as appropriate.

• Discuss individual investments and our investment process appropriately and compellingly with clients.

Management

• Present and discuss covered sectors and individual recommendations.

• Communicate investment performance to analysts and client relationship teams.

• Maintain fluency in applicable regulations, as well as internal policies and procedures.

• Encourage and demonstrate strong team behaviors - help your colleagues make better investment decisions.

Qualifications Include:

• Up to 2 years of relevant experience is helpful but not required

• BA/BS required with superior academic achievement

• Knowledge of BBH products, services, practices and investment philosophy

• Knowledge of one or more fixed income industries including current trends

• Proven ability to analyze complex issues and make sound decisions

• Intellectual courage and a systematic thought process

• Strong relationship management and people skills

• Excellent negotiating and influencing skills

• Excellent quantitative and qualitative skills

• Excellent conceptual and critical thinking skills

• Strong oral and written communication skills

• Experience with Microsoft Office Products, particularly Excel, required

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.

Salary Range

$85,000-$100,000

BBH’s compensation program includes base salary, discretionary bonuses, and profit-sharing. The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. Base salaries may vary based on factors such as skill, experience and qualification for the role. BBH's total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being.