Download BlueBay Asset Management LLP Ireland Corporate Credit Internship

BlueBay Asset Management LLP
Ireland Corporate Credit Internship Application Form
Closing Deadline: 31 December 2015
BlueBay are global fixed income specialists. The firm was founded in 2001 in response to new opportunities
in the European corporate debt market, and in anticipation of the expansion of emerging market fixed
income as an institutional asset class.
Then as now, we aim to offer clients new thinking and fresh opportunities. With our hedge fund heritage
and by staying true to our specialist fixed income roots, we pioneer new investment strategies using our
broad range of sub‐asset class expertise spanning convertibles, emerging markets, investment grade,
leveraged finance and multi-asset credit.
Headquartered in London, with offices in the US, Luxembourg, Switzerland, Ireland, Hong Kong and Japan,
we manage over US$58.1 billion (as at 30 September 2015) for institutions and high-net-worth individuals.
We invest for our clients across the fixed income spectrum on a global scale, from long‐only portfolios to
hedge funds/alternatives. We also blend investment styles and use a range of sophisticated tools in order
to exploit all factors of return.
BlueBay Asset Management LLP is wholly owned by Royal Bank of Canada and part of RBC Global Asset
Management, the asset management business of RBC Wealth Management. BlueBay Asset Management
LLP is authorised and regulated by the Financial Conduct Authority.
BlueBay runs a number of internship programmes ranging from 3 up to 12 months in duration, spent within
a single department of the firm and aiming to give the successful candidates a good insight into the
workings and responsibilities of a specific area of BlueBay’s business. These internships cross a diverse
range of business areas, throughout our global business development, infrastructure and investment
teams.
If you have any questions whilst filling out this application form please email [email protected]
and we will be happy to help.
Details:
Title:
Location:
Remuneration:
Ireland Corporate Credit Intern
77 Grosvenor Street, London, W1K 3JR or 33 Fitzwilliam Square South,
Dublin 2, Ireland
Paid internship
The Ireland Corporate Credit Department:
The BlueBay Ireland corporate credit (BICC) team, which sits within the broader global leveraged finance
department, currently has 3 members of staff, one of whom is based in BlueBay’s London office and the
other two in Dublin. Launched in July 2013, the strategy aims to deliver a flexible approach to debt
financing solutions providing senior, unitranche and subordinated loans to the SME sector in Ireland. This
is in response to the financing gap created by the retrenchment and deleveraging of traditional bank
lenders, who have been reducing their corporate loan books (in particular loans to small and mediumsized enterprises) in response to stricter capital and liquidity regulation as well as legacy issues following
the financial crisis.
Members of the BICC team take full responsibility for the origination and execution of transactions and
the ongoing portfolio monitoring of the investments thereafter. The Intern role will be to assist the team
with all areas of the investment process, which will include a diverse set of responsibilities, including the
due diligence on prospective investments (from management meetings and site visits to modelling and
the preparation of internal memoranda), the participation in the execution of transactions (interacting
with internal BlueBay committees and external legal counsel on documentation) and the ongoing
monitoring of the Fund’s investments (including ongoing meetings with the respective Management
teams and financial sponsors).
Programme Structure:
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The BICC internship programme will be 6 months’ long (commencing as soon as possible), with
the possibility of extending to 12 months.
The successful BICC intern will have the opportunity to gain an understanding of the department
as a whole and be involved in day-to-day projects and tasks such as due diligence, financial
modelling, research and portfolio monitoring as well as observe and learn from BlueBay
employees on more sensitive tasks.
In addition to on-the-job training and support, interns are invited to attend a one-day
Introduction to Asset Management course, comprising an interactive session in the morning with
an external training provider, followed by lunch with the CEO and Head of HR, and then
afternoon presentations from Partners or Department Heads from across the business. Londonbased interns also attend tailored Make the Most of Your Internship at BlueBay sessions
throughout their programme, to enhance and develop both their professional and personal skills
whilst deepening their understanding of BlueBay.
During the internship, structured and detailed performance feedback will be provided to interns.
Main Duties and Responsibilities:
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Assisting with due diligence, credit writing and execution of investment opportunities.
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Analysing financial statements and covenant compliance reporting.
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Preparing financial models.
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Research and general industry analysis including investment drivers and risks and making
recommendations for BICC.
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Interact with and instruct third party due diligence advisers, lawyers and accountants.
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Ongoing monitoring of portfolio companies.
Personal Skills and Experience:
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Degree educated with at least a 2:1 achieved at year 2 and expected or achieved 2:1 final grade.
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Final-year university students, or recent graduates.
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Excellent overall academic profile.
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Excellent communication skills and a strong capacity and desire to use initiative.
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Strong interpersonal skills and ability to work as a team player.
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Ability to provide examples of a pro-active approach to personal development.
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Ability to demonstrate commercial thinking alongside a positive, ‘can-do’ attitude to all aspects
of work.
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Good proficiency in MS Word, MS Excel and MS PowerPoint.
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Strong analytical capability, both quantitative and qualitative. Ability to analyse key risks / drivers
and form a view on investment attractiveness.
Timelines and Guidance:
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Please email completed application forms to [email protected], with a copy of
your CV attached, including your A Level and university results. The closing deadline for
applications is 31 December 2015.
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Shortlisted candidates will be invited for telephone interviews, and, if successful, face-to-face
interviews at BlueBay’s London or Dublin office.
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The internship will commence as soon as possible, ideally in January 2016.
Personal Details:
Full name:
Contact email:
Contact telephone number:
Details of right to work in the UK/Ireland (NB
visa sponsorship is unfortunately not
available):
Knowledge Assessment:
We would like get an insight into your understanding of some of the work the department undertakes, and
understand why you’re applying for this internship. Please answer the following questions and provide an
explanation for your answer:
What are the key medium term drivers for the Corporate/SME lending market in Ireland? (max 250
words)
What are the key characteristics that make a company an attractive lending proposition and why? What
are the key risks associated with extending a loan to a business and what can be done to mitigate these
risks? (max 250 words)
Identify 3 sectors (and explain the rationale for your choices ) which would be attractive targets for BICC
over the next 6 – 12 months. (max 250 words)