Leverage Loan / High Yield Trader - London / Paris / Frankfurt

Marlin Selection Recruitment; Greater London; On-site; GBP 120,000 - 260,000; Full time

Benefits offered by this job

Competitive compensation

High visibility and autonomy

Opportunity to join a growing platform

Job summary

A leading agency brokerage platform is seeking an experienced Leveraged Loan and High Yield Trader in London. This role involves trading leveraged loans and high yield bonds, developing client relationships with institutional investors, and providing crucial market insights. This position offers competitive compensation with strong upside potential and the opportunity to grow within a lean, entrepreneurial team.

Qualifications

• Proven experience trading leveraged loans or high yield bonds.
• Strong understanding of secondary loan markets and capital structures.
• Experience in stressed/distressed credit is highly desirable.
• Demonstrated ability to price risk and manage flow in less liquid markets.
• Established client relationships across European credit investors.
• Strong commercial mindset with the ability to generate ideas and drive revenues.

Responsibilities

• Trade leveraged loans and high yield bonds across markets.
• Develop relationships with institutional clients.
• Provide market insight and liquidity solutions.
• Work closely with sales, research, and structuring teams to drive flow and idea generation.
• Contribute to the growth of the desk’s presence in stressed and distressed credit opportunities.
• Monitor market developments, credit events, and relative value across capital structures.

Skills

Trading leveraged loans

High yield bonds trading

Client relationship management

Market analysis

Stressed / distressed credit

Pricing risk / manage flow

Client relationships

Revenue generation

Job description

We are a leading agency brokerage platform expanding its European credit trading capability across London, Paris and Frankfurt. The desk is seeking an experienced Leveraged Loan and High Yield Trader to play a key role in driving flow, liquidity, and client engagement across performing and stressed credit markets.

This is a high-impact opportunity to join a growing franchise with strong institutional relationships, operating at the intersection of agency execution and market intelligence.

Key Responsibilities

• Trade leveraged loans and high yield bonds on an agency basis across European and global markets
• Develop and maintain relationships with institutional clients including asset managers, hedge funds, and credit funds
• Provide market colour, pricing insight, and liquidity solutions, particularly in less liquid / stressed situations
• Work closely with sales, research, and structuring teams to drive flow and idea generation
• Contribute to the growth of the desk’s presence in stressed and distressed credit opportunities
• Monitor market developments, credit events, and relative value across capital structures

Requirements

• Proven experience trading leveraged loans and/or high yield bonds within an investment bank or market-making environment
• Strong understanding of secondary loan markets, HY credit, and capital structures
• Experience in stressed / distressed credit is highly desirable
• Demonstrated ability to price risk and manage flow in less liquid markets
• Established client relationships across European credit investors
• Strong commercial mindset with the ability to generate ideas and drive revenues

Preferred Background

• Bank trading or market-making experience
• Exposure to special situations, restructurings, or opportunistic credit
• Familiarity with both performing and non-performing credit environments

What’s on Offer

• Opportunity to join a growing, entrepreneurial platform with strong backing
• High visibility and autonomy within a lean, revenue-focused team
• Competitive compensation with strong upside potential
• Roles available in both London and Paris