High Yield Credit Researcher/Analyst (Entry Level / 0-3 Years Experience)
Team/Pod: High Yield Credit
Location: New York
Overview:
Join a collaborative High Yield Credit Trading desk as an analyst. The ideal candidate is motivated, detail-oriented, and passionate about credit research, modeling, and valuation. You will work directly with the portfolio manager and senior credit analysts, supporting investment decisions in public and private credit markets.
Key Responsibilities:
- Build and maintain detailed, bottoms-up credit models (including forecasts, liquidity analysis, and capital structure) across a range of high yield issuers
- Perform deep-dive fundamental credit research and due diligence on companies, industries, and capital structures
- Monitor company earnings, news, covenants, and other triggers impacting credit quality and valuation
- Conduct relative value analysis across bonds, loans, CDS, and other credit instruments
- Prepare concise investment memos, research summaries, and regular reporting for the team
- Assist with idea generation and trade structuring in response to market developments
- Collaborate with traders to track positions, risk exposures, and P&L
Core Qualifications:
- Bachelor’s degree in Finance, Economics, Accounting, or a quantitative field (or expected graduation this year)
- 1-3 years of internship or full-time experience—ideally in investment banking, credit research, or related fields
- Strong quantitative and financial modeling skills; must be comfortable building and maintaining detailed Excel-based models
- Genuine interest in credit markets, financial statements, and investment research
- Solid understanding of basic valuation and credit metrics (leverage, coverage, liquidity)
- Excellent attention to detail, organizational skills, and ability to multitask under pressure
Preferred Experience:
- Completion of a sell-side analyst campus recruiting program or analyst rotation is strongly preferred
- Previous exposure to high yield or leveraged finance is a plus
- Familiarity with Bloomberg, Capital IQ, or similar financial data platforms
Application Instructions:
Please submit your resume and a brief cover letter—highlighting your relevant modeling or credit research experience.