Convertible Bond Research Analyst

Position Overview:

We are seeking a highly motivated and detail-oriented Convertible Bond Research Analyst to join our investment team. The ideal candidate will have strong analytical skills, a solid understanding of both equity and fixed income markets, and the ability to evaluate securities that combine characteristics of both asset classes. This role involves providing timely, data-driven insights on convertible securities to support portfolio managers in making informed investment decisions.

Key Responsibilities:

· Conduct fundamental research and valuation of convertible bonds, including analysis of the underlying equity, credit quality, structure, and optionality.

· Analyze capital structures and assess relative value across the issuer’s debt, equity, and convertible instruments.

· Monitor industry trends, macroeconomic factors, and market conditions that impact convertible securities.

· Generate investment recommendations and clearly communicate findings through written reports and presentations.

· Collaborate with portfolio managers, traders, and other research analysts to identify opportunities and manage risk.

· Track and update a coverage universe of convertible bonds, maintaining accurate databases and research notes.

· Participate in management meetings, earnings calls, and industry conferences to gain insights into covered companies.

Qualifications:

· Bachelor’s degree in Finance, Economics, Accounting, or a related field

· 2–5 years of experience in research, investment analysis, or a related role; prior exposure to convertible bonds or hybrid securities a plus.

· Strong financial modeling and valuation skills, with proficiency in Excel and Bloomberg (or similar platforms).

· Solid understanding of both equity and credit analysis techniques.

· Excellent written and verbal communication skills, with the ability to distill complex analysis into clear recommendations.

· Self-starter with intellectual curiosity, attention to detail, and the ability to work independently as well as in a team setting.

· CFA desired or progress towards certification

What We Offer:

· Exposure to a unique asset class at the intersection of equity and fixed income.

· Opportunities to present investment ideas directly to portfolio managers.

· Professional development support, including CFA sponsorship.

· A collaborative and intellectually stimulating environment.

Wellesley Asset Management, Inc.

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Convertible Bond Research Analyst