Senior CLO Analyst

Laz Partners Limited; Greater London; On-site; GBP 120,000 - 170,000; Full time

Job summary

Laz Partners Limited is seeking a Senior CLO Analyst to join its London-based credit team. This is a research-led role focused on European CLOs, with emphasis on BBB and BB mezzanine and collateral across managers and vintages.

The successful candidate will develop investment views, pitch actionable CLO trade ideas, and work closely with portfolio managers to enhance CLO investing within the existing credit platform.

Qualifications

• 8–15 years of experience in CLOs or structured credit.
• Strong track record evaluating European CLOs across managers and vintages.
• Experience translating analysis into actionable investment ideas.

Responsibilities

• Evaluate European CLO tranches across managers and vintages, focusing on BBB/BB mezzanine.
• Compare CLO opportunities with other fixed income investments to assess relative value.
• Develop and pitch CLO trade ideas in collaboration with portfolio managers.
• Help shape CLO analysis capabilities within the credit platform.

Skills

CLO analysis

Structured credit

European CLOs

Sell-side research

Buy-side analysis

Trade ideas

Collaboration with PMs

Job description

We have partnered with a leading alternative credit manager looking to hire a Senior CLO Analyst within its London-based credit team in the near future. We are beginning informal, confidential discussions with candidates ahead of a formal search.

Our client has an established credit investment platform, a collaborative and long-tenured senior team, and a history of developing new investment capabilities internally. The anticipated hire would help build out CLO investing as an additional part of the team’s broader credit investment approach.

The focus would be European CLOs, primarily mezzanine tranches around BBB and BB. Working closely with the portfolio managers, the analyst would evaluate opportunities across managers and vintages, assess the underlying collateral, and identify attractive relative value, both between CLO investments and against the team’s wider credit opportunities.

Importantly, this would be a research-led analyst seat, not a portfolio manager role or a standalone CLO fund. The emphasis would be on developing investment views and pitching actionable trade ideas, with capital deployed within the existing credit portfolios as opportunities arise. The precise scope of the role would be shaped around the selected candidate’s experience and ideas for developing the capability.

Key Responsibilities

• CLO Analysis: Evaluate European CLO tranches across managers and vintages, focusing primarily on BBB and BB mezzanine and assessing the underlying leveraged loan collateral.
• Relative Value: Compare CLO investment opportunities with one another and with the team’s broader corporate credit strategies and other fixed income investments.
• Investment Recommendations: Develop and pitch actionable CLO trade ideas, working closely alongside portfolio managers to inform investment decisions.
• Capability Development: Help shape the team’s approach to CLO analysis and tranche selection, contributing to the development of CLO investing within an established credit platform.

Requirements & Qualifications

• Experience: Approximately 8-15 years of relevant experience in CLOs or structured credit. The team is flexible on exact tenure, with the emphasis on analytical depth and suitability for a research-led seat.
• Background: Ideally, early sell-side CLO research or structuring experience, followed by buy-side CLO analysis or tranche investing at a real money or alternative manager.
• Investment Expertise: Strong experience evaluating European CLO tranches across managers and vintages, particularly BBB and BB mezzanine.
• Technical Knowledge: A detailed understanding of CLO structures, documentation and underlying leveraged loan collateral, with the ability to translate analysis into clear investment recommendations.
• Cultural Fit: A collaborative, low-ego approach and a genuine interest in working alongside portfolio managers to identify investment opportunities, rather than pursuing an immediate standalone risk-taking mandate.
• Additional Experience: Broader corporate credit experience or CDS/Derivatives experience would be a plus, but not a requirement.