Position: Corporate Credit Funds Research - Associate Director (NY)Entity: Kroll Bond Rating Agency, LLCEmployment Type: Full-TimeLocation: New York, NYSummary/OverviewKBRA is seeking an Associate Director to join its Corporate Credit Funds Research Group, a highly visible and interconnected team responsible for producing market-facing, data-driven research focused on the private credit ecosystem. The role sits at the center of KBRA's proprietary data ecosystem and focuses on translating complex datasets into credit-oriented insights for investors, issuers, fund managers, bankers, and internal stakeholders.
About the Job- Develop research in collaboration with sector experts, leveraging years of proprietary data, including:
- Corporate research that leverages KBRA's access to financial statements, lender investment memoranda, and credit agreements for more than 5,300 sponsor-backed middle market companies.
- Fund research derived from rated note feeders, collateralized fund obligations, private equity net asset value loans, and asset-based finance reporting and performance.
- Structured credit research, including analysis of collateralized loan obligations (CLOs) and related structured products.
- Develop a deep understanding of the key drivers of credit performance, including how private markets function, risk dynamics, and return generation.
- Collaborate with senior members across the firm on research, database development, and analysis.
- Participate in diligence meetings with fund management teams to understand key themes and risks emerging in private markets.
- Lead the development of thematic, market-facing research pieces that shape external perspectives on private markets.
- Track defaults and recoveries, and research the underlying drivers.
- Write quarterly reports on corporate credit, structured credit, and fund-related topics, as well as intermittent updates based on recent trends or news.
- Develop presentations used internally and for public conferences.
You will be successful in this role if you have- A keen curiosity about private markets and credit with a demonstrated capability and willingness to learn.
- Attention to detail.
- Demonstrated initiative to explore ideas and develop original, defensible, data-driven views that can be synthesized into public papers.
- Strong understanding of either corporate, fund, or structured credit analysis.
- Strong writing skills.
- Familiarity with generative AI tools (e.g., ChatGPT). Coding or programming experience is a plus.
- [] ([]) or more years of experience in credit, research, banking, journalism, investing, or structured finance.
- A bachelor's degree.
Salary Range:The anticipated annual base salary range for this full-time position is $120,000 to $150,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.
Benefits:- A hybrid work schedule (Tuesday, Wednesday and Thursdays in the office)
- Competitive benefits and paid time off
- Paid family and disability leave
- 401(k) plan, including employer match (100% vested)
- Educational and professional development financial assistance
- Employee referral bonus program
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