European Financials, SSA, Covered Bonds Analyst (f|m|d)

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Temporary Position for 2 Years

As the asset manager of Munich Re and ERGO, MEAG makes a significant contribution to the success of Munich Re Group. Our staff bring together peerless know-how in all the relevant asset classes and are the driving force behind our success as one of the world’s top asset managers. We are an unbeatable team – something we have once again impressively demonstrated during the Corona crisis. MEAG - All assets. One team.



  • Contribute to the Global Credit Research team with around 20 fundamental and quantitative credit analysts with diverse backgrounds in Munich und New York
  • The analysis focuses primarily on European Financials, SSAs (sovereign, supranational and agency bonds) and Covered Bonds
  • Conduct fundamental credit research on European Financials, SSAs and Covered Bonds and build in-depth knowledge covering the issuers
  • Stay in touch with senior management of covered companies and drive the ESG engagement process. Consider ESG factors in the credit research analysis and incorporate ESG aspects into the credit investment process
  • Tasks include the assignment of internal credit rankings, investment recommendations (vs. benchmark, absolute return, and buy-and-hold), peer group comparisons, and sector outlook presentations
  • Support will be provided for this role by specialists based in Asia that help with the analysis
  • Close collaboration and exchange of knowledge within the global credit research team and with portfolio management


  • Several years of professional experience in the credit markets with asset managers, banks, or rating agencies
  • Prior knowledge of a European Financials, SSAs or Covered Bonds
  • Solid knowledge of ESG integration into credit research analysis
  • Experience in financial modeling, including stress testing and scenario analysis
  • Good understanding of fundamental quality assessment and relative valuation in the market
  • Strong verbal and written presentation skills
  • Solid IT knowledge (Bloomberg, Power BI, VBA) and quantitative analysis skills are a plus

Job Benefits:

MEAG stands not only for a partnership-based relationship with customers, but also for fair treatment of applicants and employees. Regardless of gender. So if we use the masculine form of personal names, this is done solely for reasons of reading flow. Severely handicapped applicants will be given preferential consideration if their aptitude is otherwise essentially the same.

You can expect a challenging field of activity that you can work in autonomously. We give you the freedom to contribute your own ideas on how you want to shape your career, and we foster your personal development with additional training measures. With us you will find a close-knit group of colleagues who value openness, respect and teamwork. In addition to a modern workplace in Munich’s Schwabing district, you will also benefit from attractive and performance-based remuneration. Bring your assets with you and make our team even stronger - opt for a secure future with attractive career prospects and an international orientation! We look forward to receiving your online application with CV, references and academic certificates via the "Apply now" button.

  • Olaf Thielemann
  • HR Business Partner
  • +49 89 2489 2028

Immer Up to Date!

Info-Broschüre. MEAG - Alle Assets. Ein Team

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