Business Description

DWS Group (DWS) is one of the world’s leading asset managers with EUR 793bn of assets under management (as of December 2020). Building on more than 60 years of experience and a reputation for excellence in Germany and across Europe, DWS has come to be recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer professionals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach.

DWS wants to innovate and shape the future of investing: with staff from 35 nationalities, speaking more than 75 languages rooted in 22 countries, we are local while being one global team.

Overview

The DWS High Yield team manages holdings of non-investment grade bonds and bank loans in international and domestic mutual fund portfolios as well as separate account portfolios for corporate and private clients. You will be responsible for performing in-depth fundamental and financial credit analysis of high yield debt instruments and providing investment recommendations from a relative value and total return perspective to the portfolio management team. You should have a solid understanding of financial reports, be proficient in financial modeling, including multi-scenario analysis, and be able to evaluate credit risk at the issue, issuer and sector levels. You will be expected to perform thorough ongoing surveillance of assigned credits and provide timely updates on significant credit and industry developments. You should be proficient with MS Excel and possess solid verbal and written communication skills in order to confidently defend your investment recommendations.

What We Offer You:

• We offer competitive health and wellness benefits, empowering you to value life in and out of the office
• Retirement savings plans, parental leave, and other family-friendly programs
• An environment that encourages networking and collaboration across functions and businesses
• Active engagement with the local community through DWS’s specialized employee groups

Your Key Responsibilities:

• Conduct thorough credit analysis of primary and secondary market HY Bond and Leverage Loan opportunities
• Make fundamental and relative value investment recommendations to the portfolio management team
• Conduct ongoing credit surveillance and up to date financial modeling of assigned credits
• Provide regular credit and sector updates during portfolio investment reviews
• Work constructively as member of a respectful, supportive and inclusive DWS Team

Your Skills and Experience:

• Possess a bachelor’s degree and, ideally, extensive relevant experience
• Knowledge of company financial statements and SEC reports
• Proficient with MS Excel
• Familiarity financial modeling and, ideally an appreciation of multi-scenario and recovery analysis
• Preferably, have knowledge of credit agreements and debt covenants

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.