Credit Analyst, Public Fixed Income

About Nicola Wealth

Nicola Wealth stands out as a national leader in wealth management due to our advanced financial planning, diverse private investment funds with exceptional performance, and a remarkable 98% client retention rate. As a recognized Best Managed Company and one of Canada’s Top Employers, we are committed to upholding our core values during this period of substantial growth.

Our team comprises intelligent, dedicated, and supportive individuals from various backgrounds who collaborate in a value-driven environment to deliver exceptional client service. We foster creativity, teamwork, and an entrepreneurial spirit, offering opportunities to make a significant impact and build a fulfilling career. We deeply invest in our employees’ growth and development to prepare for the future. If you share this passion, we encourage you to join us.

Nicola Public Fixed Income

The Public Fixed Income team, managing over $1.8 billion as of June 30, 2025, operates within the Nicola Wealth Public Assets Group, which oversees over $4.1 billion in equity and fixed income portfolios. Overall, Nicola Wealth manages assets worth more than $17.1 billion across public and private markets for its clients.

Role Purpose

We are looking for a motivated Credit Analyst to join our team focusing on investment-grade and high-yield credit research, portfolio construction, risk management, and quantitative analysis. Working collaboratively, this role involves engagement in all aspects of investment management, combining fundamental credit judgment with quantitative methods and contributing to tool development and maintenance.

Key Responsibilities

• Conduct comprehensive research on investment-grade and high-yield corporate credits.
• Develop credit portfolios that optimize risk and reward across various mandates.
• Expand knowledge and expertise in other credit markets and instruments for portfolio inclusion.
• Continuously monitor portfolio positions and make relative value decisions based on thorough fundamental research from both bottom-up and top-down perspectives.
• Understand risks associated with fixed income securities and associated companies.
• Engage with corporate issuers and industry analysts through meetings.
• Research global economies, financial markets, industries, and companies for informed decision-making.
• Assist in preparing and presenting credit, sector, and topical reviews.
• Support the integration of new technologies to enhance investment management processes.
• Participate in reviewing models and documentation; compare quantitative outputs with fundamental credit judgments and identify any discrepancies in model assumptions.
• Provide analytical assistance in portfolio construction, factor and risk modeling, back-testing, as well as scenario and stress testing across portfolios.

Qualifications and Experience

• A minimum of 2 years’ experience in fixed income portfolio management or credit analysis.
• Bachelor’s or master’s degree in a related discipline.
• Demonstrated skills in credit due diligence and underwriting, including reporting on specific companies and industries.
• Experience with credit portfolio construction and risk management practices.
• Capability to develop actionable investment recommendations at both credit and industry levels, along with performance monitoring.
• Proficiency in building detailed financial models and industry reports.
• Trading experience with money market and fixed income securities is beneficial.
• Knowledge of leveraged mandates, credit-focused hedge funds, global credit markets, or leveraged finance research (HY/LL) is an advantage.
• Strong technical skills with large data sets and statistical analysis, including programming skills in statistical languages, are considered assets.
• Familiarity with quantitative investment techniques such as factor modeling, systematic screening, portfolio optimization, back-testing, and risk attribution is favorable.
• Professional designations like CFA, CA, CPA, MBA, or CBV are valued.
• Willingness to travel within North America.
• Must have legal authorization to work in Canada for any employer.

Compensation and Benefits

The role offers a competitive base salary ranging from $80,000 to $115,000, determined by experience, skills, and suitability. In addition to base pay, employees participate in performance-linked Short-Term Incentive (STI) and Long-Term Incentive (LTI) schemes, with LTI including equity ownership opportunities in the firm. Nicola Wealth’s comprehensive benefits underscore our appreciation of commitment, including profit sharing, benefits from day one, and share ownership programs.

Additional Information

This is an immediate opening at Nicola Wealth. Candidates should submit a cover letter and resume. We are committed to inclusivity and equal opportunity and provide accommodations during the recruitment process upon request via accessibility@nicolawealth.com. All shared accommodation-related information is managed with strict confidentiality and in line with legal and company policies.

Thank you for considering a career at Nicola Wealth.