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US Finance Correspondent

Posted: 22 Apr 2021 Closes: 5 Jul 2021
New York (40 hours) Competitive
Permanent & Full-time JR006559

The FT is expanding its coverage of global finance and is looking for a proven scoop-getter to cover some of the most interesting characters, firms and deals on Wall Street and beyond. 

The successful candidate will be able to produce consistent front and home page-worthy stories on the so-called shadow banking sector – the giant credit funds that are supplanting traditional banks as lenders to US households and businesses.

 

The beat will encompass lending specialists like Sixth Street and Anchorage Capital as well as the credit arms of giant alt-asset managers including Blackstone and KKR, meaning the correspondent will also need to collaborate with other members of the global financial services team.

 

The goal will be to delve into the backroom deals and courtroom battles that can swing the fate of multibillion-dollar businesses. The correspondent will need to find compelling ways to explain how the shadow banks have built their influence on Wall Street, Washington and beyond, while profiling some of the most powerful firms and individuals who have built enormous fortunes along the way.

This is a critical role that will also help to tell the story about how the explosion of debt is redefining the balance of power in finance and the risks that entails for markets and the global economy. 

The beat is wide-ranging and will require making contacts across the financial, legal and regulatory spectrum. Understanding how capital markets, private debt and dealmaking interact is essential. 

The ideal candidate will be able to work efficiently with colleagues from across the FT to break news and identify stories that will stand out in a competitive market. 

 

Key requirements:

  • A proven scoop-getter who can find off-diary stories with ease and regularity  

  • A strong writer who can project complex stories for the front-page and home-page in an accessible way

  • Extensive network of contacts

  • Track record of landing big interviews 

  • Interest in working across teams to tackle major running stories and trends 

  • Report across all digital platforms and engage with our audience through social media

  • Weekend shifts are required as part of the team rota

This person will work closely with our private capital correspondents Mark Vandevelde and Kaye Wiggins as well as the broader corporate finance, financial services, markets and asset management teams, dovetailing in particular with UK-based colleagues Jo Cumbo, global pensions correspondent, and Chris Flood, asset management reporter. Contributing regularly to the Due Diligence newsletter as well as other new initiatives is essential. 

All staff are welcome to apply for Editorial vacancies as part of a flexible working arrangement. If you believe this role can be managed part-time or as a job share then please provide details as part of your application.  All proposals will be seriously considered. While approval will be conditional on the demands of the role and team, the FT is committed to being responsive to the needs of its staff and the different ways they may want to work. 

 

Applications should be made via Workday by 11 May 2021.

Financial Times

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