High Yield Credit Analyst

New Yesterday

Job Description

Role Overview:

We have partnered with a highly respected credit hedge fund looking to hire a Credit Analyst (2-5 years’ experience) to join a top-performing investment team in London.

This is a generalist seat, where you'll contribute across shorter-term tactical trades as well as longer-term special situations. You’ll be joining a lean, long-tenured team operating at the highest level of credit investing, with a long-term runway for growth.

The team invests globally across the capital structure and credit spectrum, with a focus on high-yield, stressed, and distressed opportunities. The platform is nimble, and highly dynamic, offering the successful candidate outstanding exposure to some of the most complex and interesting credit situations in the market.

This is a rare opportunity to work alongside a tight-knit group of highly accomplished investors, several of whom have worked together for over a decade, in a platform known for its conviction-led approach and exceptional long-term track record.

Key Responsibilities

  • Conduct deep-dive, fundamental bottom-up credit analysis across both US and European markets
  • Operate as a generalist, flexibly covering sectors and capital structures as market conditions require
  • Focus on high yield and stressed opportunities, identifying and presenting compelling investment ideas in real time
  • Stay close to primary markets and monitor market dislocations, evolving credit stories, and emerging catalysts
  • Support senior team members on longer-term trades (e.g., restructurings, distressed-to-equity situations) and contribute to tactical, short-term opportunities
  • Collaborate across geographies (London and NY) to maintain a globally diversified portfolio
  • Communicate investment theses clearly and succinctly across the team
  • Contribute to the team’s performing credit coverage while others focus on more intensive workstreams

Candidate Profile & Requirements

  • 2–5 years of experience in credit investing or research, ideally at a hedge fund, asset manager, or sell-side credit trading desk
  • Proven expertise in fundamental credit analysis, including modelling, capital structure evaluation, and risk/reward assessment
  • Clear track record of delivering high-quality, actionable trade ideas
  • Strong exposure to high yield credit is essential; experience in stressed or distressed credit is advantageous but not mandatory
  • Generalist mindset, capable of quickly adapting to a wide range of sectors and situations
  • Highly driven, intellectually curious, and able to thrive both independently and in a close-knit, team-oriented setting
  • Excellent communication skills and commercial judgement
  • Comfort working in a fast-paced, trading-led environment where agility and responsiveness are key

Additional Context

  • The core team includes long-tenured PMs, many with 10+ years’ experience working together
  • The fund trades across multiple currencies and a wide range of instruments, including index tranches, single-name CDS, CLOs, and

distressed debt

  • Investment style is opportunistic and sector-agnostic, with zero reliance on benchmarks
  • The interview process includes team interviews and may involve a case study or investment idea presentation
  • The role is London-based and offers a long-term growth trajectory within one of the market’s top-performing credit franchises
Location:
London
Category:
Finance And Insurance