Geared toward candidates with proven buy-side leveraged credit experience and a strong ability to synthesize complexity into actionable recommendations, comfortable with sector ownership and financial modeling in the European high yield credit domain.
Derived from job-description analysis by Serendipath's career intelligence engine.
Original posting from JPMorgan Chase
Help shape investment decisions in a fast-moving European leveraged credit platform where your research directly influences portfolio outcomes. You’ll own sectors, build conviction through rigorous fundamental work, and partner closely with the Portfolio Manager and trading to turn insights into action. We’ll support your growth with exposure to senior stakeholders, live deal flow, and opportunities to broaden coverage over time. If you’re motivated by high standards, intellectual curiosity, and teamwork, you’ll find a culture that values both debate and accountability.
Job summary
As a European High Yield Credit Analyst (Vice President) in the European Leveraged Credit team, you will develop differentiated credit views across your sectors and translate them into clear investment recommendations. You will underwrite high yield bonds and leveraged loans through fundamental research, detailed financial modeling, and disciplined downside analysis. You’ll work closely with the Portfolio Manager to size risk appropriately, monitor catalysts, and adjust positioning as facts change. You’ll engage with company management teams and market participants to strengthen access and sharpen insights. You’ll help elevate the team’s research process to drive consistency and speed.
Job 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
Required qualifications, capabilities, and skills
Proven buy-side leveraged credit experience covering European high yield bonds and leveraged loans
Demonstrated sector ownership, including building coverage frameworks, identifying themes, and maintaining disciplined monitoring cadence
Advanced financial modeling skills, including scenario analysis, liquidity forecasting, and refinancing risk assessment
Strong credit documentation and capital structure analysis skills (e.g., covenants, collateral, guarantees, priority, and structural subordination)
Experience presenting investment views with clear theses, catalysts, risk factors, and relative value conclusions to senior decision-makers
Ability to assess downside and recovery in stress and restructuring scenarios using structured analytical approaches
Strong written and verbal communication skills, with the ability to synthesize complexity into actionable recommendations
Ability to operate effectively in a fast-paced, team-oriented investment environment, partnering closely with portfolio management and trading
High standards of integrity, risk discipline, and attention to detail in research and monitoring workflows
Eligibility to work in the United Kingdom
Preferred qualifications, capabilities, and skills
CFA charter or equivalent professional qualification
Experience across event-driven and stressed/distressed situations, including liability management transactions
Coverage experience in additional European high yield-heavy sectors that complements existing team needs
Established market network across underwriters, sell-side analysts, and issuer contacts
J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
Source: JPMorgan Chase careers