Income Research + Management is a Boston-based, privately owned, fixed income asset management firm. IR+M delivers strong performance and consistent results through a rigorous, bottom-up security selection process and strives to provide best-in-class client service to our 700+ institutional and private wealth clients.
Founded in 1987 and located in the heart of Boston’s financial district, IR+M employs 190+ full time professionals and currently manages $90+ Billion in assets. We offer industry-leading benefits, as well as a challenging, collegial, and rewarding workplace with high levels of employee engagement.
In response to the ongoing global pandemic IR+M’s workforce went fully remote effective March 2020. As we return to the office, we are implementing a hybrid work model that will mix days with your team in the office and remote work leveraging first class technology solutions.
Our culture is driven by a collaborative workforce and rooted in our core values of being: Invested, Respectful, Positive, and Motivated (IR+M). We are invested in our people and in the community around us, respectful of our differences and reaching out to learn, grow, and make our firm more inclusive, positive that we are better together, and - most certainly, motivated to advocate for change and to enjoy the journey!
We are currently hiring for open research positions focused on sector coverage in the High Yield, Investment Grade, and Securitized sectors.
Summary of Essential Job Functions
Perform analysis of quantitative and qualitative factors, including ESG, that impact current and potential speculative grade fixed income investments across sectors
Maintain coverage of assigned sectors and periodically issue sector outlooks
Build financial models to stress cash flows and recovery assumptions
Present fundamental and relative value opinions to members of the Investment Team and advocate investment recommendations
Build and develop speculative grade competencies across the firm
Monitor high yield market developments and strategy
Partner with individuals across the Investment Team on other ad hoc projects not directly related to credit research as required
Attend industry conferences and meet with senior management of issuers in assigned sectors
Engage with credit rating agencies, Wall Street analysts, and other third-party research providers
Required Skills and Experience:
7+ years of investment management experience
5+ years in HY, IG, or Securitized corporate credit research experience
Knowledge of the fixed income markets, leveraged finance, and corporate financial statements
Strong analytical skills, fluency in Excel, proficiency in financial modeling, and attention to detail
Strong verbal and written communication skills and ability to present to varying communication styles
Collaborative mindset, self-starter, and seeker of opportunities for self-improvement
Flexibility to juggle multiple priorities and projects for different end users
Willing to work in a dynamic and collaborative team environment and embrace a hybrid work model
Critical thinker and proactive problem solver
Strong organization skills
Bachelor’s degree required
MBA or CFA, or progress towards, is preferred
Additional Salary Information: Competitive base, bonus, and profit sharing
About Income Research and Management
IR+M is a privately-owned, independent, fixed income investment management firm that serves institutional and private clients. Our investment philosophy and process are based on our belief that careful security selection and active risk management provide superior results over the long-term. By combining the capacity and technology of a larger firm with the culture and nimbleness of a boutique firm, we strive to provide exceptional service for our clients and a rewarding experience for our employees.