Senior Credit Analyst (HY)

Role Overview

We have partnered exclusively with a leading alternative investment manager looking to hire a

Senior Credit Analyst (Desk-Focused, HY Credit)

to join their London-based investment team. This is a newly created and expansionary front-office role sitting directly alongside Portfolio Managers and traders within a liquid credit strategy.

This position is distinct from a traditional research role, with a strong emphasis on bridging fundamental analysis and portfolio implementation. The successful candidate will focus on shaping how credit ideas are expressed within portfolios, incorporating considerations around sizing, timing, and overall portfolio fit. The role combines analytical depth with a real-time, market-aware mindset, offering direct influence on investment outcomes across multiple funds.

Operating within a directional, actively managed credit platform, the role provides exposure to a broad opportunity set across high-yield and crossover markets. It offers a highly collaborative environment with meaningful autonomy, where strong investment judgement and the ability to translate views into action are key differentiators.

Key Responsibilities

• Portfolio Construction & Overlay:

Assess how individual credit ideas fit within the broader portfolio, including sizing, correlation, and marginal risk contribution.

• Idea Implementation:

Work closely with PMs and analysts to translate fundamental views into actionable positioning, considering structure, entry points, and risk/reward.

• Market Technical Analysis:

Monitor flows, positioning, and primary issuance to inform timing and execution decisions.

• High Yield Focus:

Provide dedicated insight across high yield and crossover credits, particularly within higher beta segments of the portfolio.

• Real-Time Desk Support:

Operate with a dynamic, market-facing mindset, adjusting positioning as conditions evolve.

• Special Situations:

Analyse stressed or dislocated credits, including capital structure considerations and downside scenarios.

• Cross-Market Integration:

Incorporate insights from across credit markets to inform positioning decisions.

• Collaboration:

Partner closely with senior analysts, PMs, and traders, contributing to investment discussions and challenging views constructively.

Requirements & Qualifications

• Experience:

10+ years of experience in credit markets, with a strong focus on high yield and crossover credits. Experience across a full credit cycle is essential.

• Product Expertise:

Strong familiarity with credit derivatives and relative value dynamics, alongside cash markets. Ability to think in terms of structured trade expression is highly preferred.

• Fundamental Credit Skills:

Proven ability to assess credit risk, identify mispricing, and analyse issuer fundamentals in depth.

• Portfolio Mindset:

Demonstrated experience considering investments within a broader portfolio context, including risk balancing and correlations.

• Market Awareness:

Strong understanding of market technicals, including flows, liquidity, and issuance dynamics.

• Capital Structure Knowledge:

Comfort analysing across the capital structure, including covenants and inter-creditor dynamics.

• Desk Mentality:

Ability to operate in a fast-paced environment, making timely and well-reasoned decisions.

• Collaboration & Communication:

Strong interpersonal skills, with the ability to work effectively within a senior, high-performing team.

• Additional Differentiators:

Exposure to structured credit or CLOs is beneficial but not required.