Principal, European Credit

Canada Pension Plan Investment Board; Greater London; On-site; GBP 100,000 - 120,000; Full time

Benefits offered by this job

Cutting-edge AI tools

Dedicated learning time

Job summary

The Canada Pension Plan Investment Board is looking for a Principal in European Credit to manage and execute structured credit investments across Europe. This critical role involves leading underwriting and building relationships with key stakeholders, while mentoring junior staff and developing financial strategies.

Ideal candidates have substantial experience in structured credit investing, exceptional communication skills, and an advanced degree. The company promotes a diverse workforce and an inclusive environment.

Qualifications

• Relevant experience in structured credit across European markets.
• Ability to manage relationships with portfolio companies and stakeholders.
• Strong analytical and problem-solving skills.

Responsibilities

• Originating and underwriting structured credit investments.
• Leading negotiation and execution of transaction agreements.
• Mentoring junior team members and overseeing operations.

Skills

Structured credit investing

Financial modeling

Relationship management

Negotiation skills

Research and analysis

Education

Advanced degree or CFA certification

Tools

AI tools

Job description

Principal, European CreditSkip to main contentAt CPP Investments, we respect the privacy of your personal data. Our website uses cookies for website analysis and statistics, to provide personalized content on our website and ads on other websites, and to interact with social media. By continuing to the website, you agree to the storing of cookies on your device for these purposes. For more information about the use of cookies on our website, please see our Privacy Policy# CareersPrincipal, European Credit page is loaded## Principal, European CreditApplylocations: Londontime type: Full timeposted on: Posted Todayjob requisition id: JR00586**Purpose. Performance. People.**Joining CPP Investments means joining one of the world’s most admired and respected institutional investors to drive a single mandate: to deliver strong, sustainable returns for generations of Canadians. With a long-term horizon and global reach, we deploy capital at scale across public and private markets. Our size, stability, and disciplined investment philosophy allow us to pursue complex opportunities and build enduring partnerships worldwide. For our people, this means meaningful work with tangible impact, real opportunity, and collaboration with exceptional colleagues who value partnership and performance. Here, you’ll contribute to outcomes that matter alongside team members committed to excellence and shared success. **Role Summary:**Job Summary The Principal, European Credit, is responsible for originating, underwriting, and executing structured credit investments across Europe, with accountability for deal outcomes and portfolio performance. The role combines transaction leadership and team development, while contributing to the continued growth of the platform’s structured credit franchise. Team Description Credit Investments currently manages assets in excess of C$80 billion with investments ranging from $100 million to over $1 billion. The Credit Investments team has around 150 investment professionals across North America, Europe and Asia. The European Credit team invests in cross-over and sub-investment grade corporate and structured debt in Europe, with investments spanning across the capital structure, including private credit (unitranche, Holdco financing), liquid credit (term loans, high-yield bonds, CLOs) and structured credit (ABLs, SRTs, ABF, etc.) This role will focus primarily on the structured credit side of the team.**Accountabilities & Qualifications:****Accountabilities*** Lead underwriting, internal investment committee process, execution, and monitoring of multiple simultaneous investment opportunities across the structured credit landscape. Assist in deal origination, maintain accountability for deal outcomes.* Contribute to setting the platform investment strategy and portfolio construction; organize and prioritize deal pipeline.* Build working relationships with colleagues and leaders across the firm, company management teams and investment partners, and third-party advisors.* Perform and manage detailed due diligence processes (including scoping and hiring third-party advisors).* Direct and design the development of complex financial models to assist in investment evaluation, structuring and financing.* Lead the negotiation and execution of agreements and other transaction-related documents.* Develop detailed investment committee recommendations and take a major role in both presenting and answering challenging technical questions.* Oversee and manage multiple external parties (lawyers, accountants, tax and commercial advisors etc.) and build new relationships with advisors / partners to help with deal sourcing.* Oversee and mentor junior members of the team, be able to troubleshoot issues / questions and to offer guidance and support. Collaborate with colleagues within the wider Credit Investments division, and CPP Investments as a whole.**Qualifications*** Relevant work experience in structured credit as a credit investor across multiple European markets and jurisdictions.* Significant relationship management experience including responsibility for managing relationships with portfolio companies and other external stakeholders.* Strong research, analytical, financial modeling, valuation, problem solving skills and ability to think creatively.* Experience managing successful negotiations with multiple stakeholders and executing a wide range of agreements.* Experience leading a small underwriting team, developing junior team members, and workings towards a common goal.* Experience in working with LLMs and their expanding role in diligence for structured credit investing.* An advanced degree or certification (CFA) is an asset.* Exceptional verbal and written communication skills. You are motivated to contribute to something larger than yourself, approach complex challenges with rigor, and hold yourself to high standards in a collaborative, performance-driven environment. We provide colleagues with cutting-edge AI tools, dedicated learning time, and practical support to help them deliver with greater impact.**Inclusion & Accessibility**CPP Investments is committed to equitable access to employment and building a workforce that reflects diverse talent and perspectives. If you require accommodation at any stage of the recruitment process, please let us know and we will work with you to meet your needs. **Attention: Protect Yourself from Fraud**CPP Investments is committed to a secure and transparent recruitment process. We will never ask candidates for payment or financial information at any stage of hiring. All legitimate opportunities are posted on our careers page, and communications will come from our applicant tracking system, Workday. CPP Investments may use AI tools to help screen and assess applicants by analyzing resumes and applications for relevant skills and experience. These tools support, but do not replace, human decision-making. #LI-ONSITE