Overview

Research Analyst – Equity & Credit Jobs in Monaco at Valna Management

Title: Research Analyst – Equity & Credit

Company: Valna Management

Location: Monaco

Company Description: Valna Management is a single-family office for a UHNW individual based in Monaco. We manage a diversified portfolio of public-market financial instruments across various asset classes, including government and corporate bonds, equities, and derivatives.

Position Overview: The Equity and Credit Research Analyst is responsible for conducting in-depth analysis and providing investment recommendations on equity and corporate bonds to support a family office's diversified portfolio. The role focuses on generating actionable insights based on fundamental research, financial modelling, and macroeconomic trends to make investment decisions and support portfolio optimization. The analyst collaborates closely with the Portfolio Manager, CIO and other team members to ensure the efficient and effective deployment of capital.

Mandate: Support public markets investing through high-conviction fundamental equity and corporate credit research, contributing directly to investment decisions, portfolio construction, and ongoing monitoring.

Reporting Line: Portfolio Manager / CIO

Key Duties & Responsibilities:

Equity Research:

  • Conduct thorough analysis of equity markets, including financial modelling, earnings forecasts, and company valuations.
  • Track sector-specific trends and identify opportunities and risks within the equity space.
  • Provide clear buy, hold, and sell recommendations for individual stocks.
  • Update financial models and valuation assumptions regularly based on new information or changes in market conditions.
  • Collaborate with portfolio managers to assess the impact of new investment ideas or changes to current holdings.
  • Develop and maintain a financial database of the assigned sectors/companies to constantly monitor their investment attractiveness and to identify optimal entry points.

Credit Research:

  • Perform fundamental credit analysis on investment-grade bonds, including issuer financial health, debt structure, and creditworthiness.
  • Monitor corporate earnings, industry developments, and economic trends that may affect credit risk.
  • Provide actionable recommendations on credit market opportunities and risks, including risk-adjusted pricing of bonds.
  • Regularly review and update credit ratings and forecasts in response to changing credit conditions.

Market and Economic Monitoring:

  • Monitor macroeconomic indicators, central bank policies, and geopolitical events that could impact both equity and credit markets.
  • Identify emerging trends, risks, and opportunities in the broader market landscape that could affect the family office's portfolio.
  • Produce and present to the Investment Committee periodic sector/market reports summarizing key market developments and implications for investment strategies.

Reporting and Communication:

  • Prepare detailed research reports/presentations with clear conclusions, including an analysis of key drivers of investment thesis, risk assessment, and supporting data as well as entry and exit prices.
  • Present findings and recommendations to the Investment Committee.
  • Contribute to any portfolio reviews to the UBO by providing updates on market developments, equity, and credit positions.

Collaboration with Team:

  • Work closely with other analysts, the Portfolio Manager/CIO, and the Risk Manager to provide integrated investment insights and support portfolio decisions.
  • Attend internal meetings to share research findings and contribute to discussions on portfolio construction and risk management.
  • Maintain open communication regarding portfolio performance and contribute to adjustments as necessary.

Expected Competencies:

  • Strong analytical and financial modelling skills
  • Deep knowledge of equity markets, corporate credit, and fixed-income instruments
  • Ability to communicate complex ideas clearly and concisely
  • Proactive approach to identifying and researching new investment opportunities
  • Ability to work independently and meet deadlines in a fast-paced environment
  • Comfortable integrating macroeconomics, sector, and issuer-level analysis
  • Able to manage multiple workstreams in parallel
  • High levels of discretion, intellectual rigour, and professionalism, consistent with a UHNW family office environment
  • Knowledge and experience of emerging markets' public investments is a plus

Only apply if all of these are applicable to you:

  • Minimum of 2–3+ years of experience in equity and/or corporate credit research, including any of: Buy-side asset management; Single/multi-family office; Investment banking research (equity and/or credit); Credit-focused investment platforms
  • Strong financial modelling and fundamental analysis skills (3-statement models, valuation, credit metrics)
  • Solid understanding of equity markets and investment-grade corporate credit
  • Ability to deliver clear investment recommendations and concise research outputs, including investment committee presentations
  • Strong interest in macroeconomics and market dynamics
  • Fluent English (written and spoken; working language of the investment team)
  • EU citizenship mandatory (right to work in Monaco / EU)
  • Ready to be in the office 5/2 in Monaco

Apply with:

  • Cover letter (applicant with no cover letter will be automatically disqualified)
  • CV (attention check: on a separate page, or at the bottom of the last page, if space permits, put the title of the job posting and today's date. This can be done either on the CV or the Cover Letter. Applicants will be automatically disqualified if this condition is not met. This is done to combat automated applications)

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