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Global Emerging Markets Equities Analyst

USS

Global Emerging Markets Equities Analyst

Business Area: Equities

Place of Work: London

Contract Type: Permanent

Hours: Full Time

The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
 
Our mission
To be the pension service of choice for the higher education sector for the long-term
 
The role
An Analyst undertakes fundamental research on companies in order to make informed and insightful investment recommendations which contribute to relative outperformance over rolling 5-year periods. An Analyst will be responsible for analysis within a specified range of sectors/countries with some day-to-day direction and oversight. An Analyst will play a key role in generating outperformance of the Global Emerging Markets Portfolio through their recommendations and ongoing monitoring of companies under their coverage. They are expected to seek improvements to their investment research process to improve their hit rate and win-loss ratio.

 

Key responsibilities
Responsibility for named sectors ensuring up to date knowledge, modelling and forecasting, record keeping and awareness of key investment considerations within those sectors
Provide estimates of intrinsic value of individual stocks to the Head of Global Emerging Markets or Senior Portfolio Managers using a detailed understanding of valuation techniques 
Produce high quality, in depth fundamental analysis of stocks and sectors in their coverage to enable conviction decision making
Provide high conviction recommendations, with a clearly defined investment thesis, to the decision takers leading to buy/sell decisions
Responsible for the analysis of all stocks within their areas of responsibility
Provide a significant contribution to investment performance through stock idea generation.
Respond to Head of Global Emerging Markets or Head of Equities requests within agreed timescales
Give input to portfolio construction by monitoring share price and fundamental developments in stocks and making recommendations in weighting changes
Work with the Quant research team to develop indicators and screens to identify where to conduct in depth research
Lead meetings with company management. Prepare agendas in advance including the purpose of the meeting, questions and follow ups.
Maintain records of company meetings in accordance with the research documentation requirements.
Seek improvement in the investment research process via interactions with other members of the Equities/RI team and external experts
Recommend allocation of the research budget for their element of the research programme and the management of associated investment advisers
Recommend voting decisions with advice from the RI team and in consultation with the relevant PM(s)
Liaising with other investment specialists to form global research groups where appropriate to enable the exchange of information which improves investment returns within the department and for the Scheme.

Relationship and Communication responsibilities
Communicating with the Head of Global Emerging Markets regarding investment ideas and investment process
Communicating with Head of Equities regarding development for the department as a whole including product, process and other innovations
Communicating with other members of equity department regarding investment ideas, best practice and support in training. 
Engage with the Responsible Investment team to support the assessment of extra-financial factors and to coordinate engagement with companies and policy-makers
Communicating to other areas of USSIM such as Credit/PMG
Communicating with sell side analysts, industry experts, consumers and suppliers to support investment analysis
Lead meetings with company management in an appropriate manner, maintaining and upholding USSIM’s reputation
Business Continuity/Disaster Recovery: In the event of a BC/DR incident the Analyst should inform their manager as soon as possible of their whereabouts and follow the instructions given to them

Compliance functions:
Comply with the Compliance and Procedures manual and have an understanding of the broader regulatory environment in which the company operates

Your experience
Degree level education
Professional Qualifications (CFA or equivalent)
Full understanding of valuation techniques and fundamental analysis
A good understanding of corporate governance, public equity markets and shareholder rights
Good oral and written communication skills
Trustworthy
Honest
Ability to represent USS externally in a professional manner
 
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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