Responsibilities
*Provide fundamental coverage of European High Yield corporates, delivering investable ideas to fixed income portfolios.
*Perform deep credit analysis and relative value assessment at issuer and bond level.
*Build and maintain detailed financial models; analyse covenants, documentation and capital structures.
*Integrate ESG considerations into research and recommendations.
*Prioritise coverage within a broader sector universe in line with fund needs and market opportunities.
*Publish research notes internally and present high-conviction views to portfolio managers.
*Partner with traders and quants to incorporate liquidity and quantitative insights.
*Lead issuer due diligence and management meetings; conduct primary and secondary research.
*Collaborate with equity research on cross-asset insights and attend strategy discussions.
*Mentor research associates and coordinate with global colleagues; occasional travel.
Requirements
*5+ years’ experience in credit research or investing; European High Yield exposure preferred.
*Strong track record in financial modelling and relative valuation for corporates.
*Deep understanding of fixed income instruments, documentation and liquidity across capital structures.
*Ability to incorporate ESG analysis into credit recommendations.
*Willing to cover telecoms within European HY; sector breadth welcome.
*Degree or equivalent; CFA charterholder (or progress) advantageous.
*Collaborative mindset and adaptable approach in fast-moving markets.