European High Yield Credit Analyst (VP)

Aumni; Greater London; On-site; GBP 120,000 - 190,000; Full time

Job summary

J.P. Morgan seeks a European High Yield Credit Analyst (Vice President) to own sector coverage, underwrite high yield bonds and leveraged loans, and translate research into actionable investment recommendations. You will work closely with the Portfolio Manager and trading to size risk and monitor catalysts.

You will engage with management teams, refine models, and contribute to a disciplined research process within a fast-paced, team-focused environment in the UK.

Qualifications

• Proven buy-side leveraged credit experience across European high yield bonds and leveraged loans.
• Demonstrated sector ownership with coverage frameworks and monitoring cadence.
• Advanced financial modeling including scenario analysis and liquidity forecasting.
• Strong credit documentation and capital structure analysis skills.
• Experience presenting investment theses to senior decision-makers.
• Ability to assess downside and recovery in stressed scenarios.
• Excellent written and verbal communication; synthesize complexity.
• Ability to work in fast-paced, team-oriented environment with PM/trading.
• Eligible to work in the United Kingdom.

Responsibilities

• Own coverage for at least two sectors, including frameworks, key themes, issuer peer sets, and catalyst calendars
• Underwrite high yield and leveraged loan issuers through business, industry, and management analysis to identify inflection points
• Build and maintain financial models with base/upside/downside scenarios, including liquidity runway and refinancing risk analysis
• Analyze capital structures and documentation, including covenants, collateral, call schedules, guarantees, and structural subordination
• Recommend investment actions (buy/hold/sell) with relative value, catalysts, key risks, and position-sizing considerations for the Portfolio Manager
• Monitor credits actively across earnings, ratings actions, news, filings, pricing, and technicals, and communicate thesis changes quickly
• Evaluate event-driven situations, including M&A, refinancings, amend-and-extend transactions, tender/exchange offers, and liability management exercises
• Partner in portfolio reviews and risk discussions, delivering regular sector and names-in-focus updates
• Engage with management teams, underwriters, and sell-side research to enhance information flow and access
• Improve research templates, monitoring tools, and coverage processes to strengthen consistency and decision speed

Skills

Buy-side credit

Sector ownership

Financial modeling

Credit structure analysis

Investment views

Stress scenarios

Communication

Team orientation

Risk discipline

UK work eligibility

Education

CFA charter or equivalent

Job description

J.P. Morgan seeks a European High Yield Credit Analyst (Vice President) to own sector coverage, underwrite high yield bonds and leveraged loans, and translate research into actionable investment recommendations. You will work closely with the Portfolio Manager and trading to size risk and monitor catalysts.

You will engage with management teams, refine models, and contribute to a disciplined research process within a fast-paced, team-focused environment in the UK.