High Yield Analyst (Hedge Fund)

JR United Kingdom; London; On-site; GBP 70,000 - 120,000; Full time

Job summary

A leading international hedge fund is seeking a Credit Research Analyst to join its dynamic investment team in London. This role offers an exciting opportunity to conduct detailed credit analysis across various sectors while collaborating closely with other investment professionals. The ideal candidate will have extensive experience in credit research, a deep understanding of credit documentation, and proven analytical skills.

Qualifications

• 5–10+ years of experience in credit research/trading or leveraged finance.
• Strong understanding of capital structures and credit documentation.
• Proven ability to articulate high-conviction investment ideas.

Responsibilities

• Conduct deep fundamental credit analysis on corporates across sectors.
• Monitor macroeconomic trends impacting credit markets.
• Build and maintain financial models and valuation frameworks.

Skills

Credit research

Financial modeling

Analytical skills

Attention to detail

Investment analysis

Job description

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We're delighted to be advising a leading highly-regarded international hedge fund on its 2025 global credit hiring. Our client is seeking a Credit Research Analyst to join its dynamic investment team. This is a wonderful opportunity to work directly with a talented L/S credit investment team in a fast-paced, performance-driven environment. The role will focus on investment grade, high yield, and stressed/distressed credit—across both cash bonds and CDS instruments.

Key Responsibilities:

• Conduct deep fundamental credit analysis on corporates across various sectors
• Monitor and interpret macroeconomic and market trends impacting credit markets
• Build and maintain detailed financial models and valuation frameworks
• Generate long and short investment ideas across the capital structure (IG, HY, liquid stressed/distressed)
• Engage with management teams, sell-side analysts, and industry experts
• Contribute to portfolio construction discussions and trade implementation
• Collaborate closely with traders, PMs, and other analysts across strategies

Ideal Candidate Profile:

• 5–10+ years of experience in credit research/trading, leveraged finance, or distressed investing
• Have defined credit research experience on either buy or sell side, at a leading bank or prominent fund
• Strong understanding of capital structures, covenants, and credit documentation.
• Proven ability to identify and articulate high-conviction investment ideas.
• Experience with CDS, bond trading dynamics, etc.
• Advanced financial modelling and analytical skills.
• Self-starter with a commercial mindset, attention to detail, and intellectual curiosity.