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- Tasks: Analyse leveraged loan covenants and write insightful research reports.
- Company: Join CreditSights, a leading independent credit research firm with a global presence.
- Benefits: Enjoy hybrid work, comprehensive healthcare, and generous parental leave policies.
- Why this job: Make a meaningful impact in financial markets while collaborating with seasoned analysts.
- Qualifications: Extensive legal experience in leveraged finance and strong communication skills required.
- Other info: Opportunities for professional growth and community involvement through paid volunteer days.
The predicted salary is between 43200 - 72000 £ per year.
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Requisition ID: 48346
Business Unit: Fitch Solutions
Category: Credit Analysis & Research
Location:
London, GB
Date Posted: Jul 7, 2025
CreditSights is currently seeking a Senior Covenant Analyst based out of our London office.
Celebrating its 25th anniversary this year, CreditSights continues to offer award-winning, unbiased research on global credit markets, empowering clients to make informed investment decisions. With offices in New York, London, Singapore, Glasgow, Denver, and Charlotte, we serve a diverse global institutional client base, including banks, investment advisors, mutual funds, and hedge funds. As a leading voice in credit research, our expert insights are featured in top publications such as Bloomberg, The Wall Street Journal, and Financial Times. As a Fitch Solutions Company, CreditSights provides a dynamic environment fostering professional growth and innovation, where you collaborate with seasoned analysts to deliver critical intelligence in complex financial markets.
Working at CreditSights offers the chance to be part of a premier independent credit research firm, renowned for its in-depth analysis and insights. You'll collaborate with a team of seasoned analysts, delivering critical intelligence that helps clients navigate complex financial markets. This dynamic environment encourages professional growth and innovation, enabling you to make a meaningful impact in the field of credit research.
About the Team
Covenant Review, part of the Fitch Group, is the market leader in high yield bond and loan covenant analysis to the European and North American leveraged finance community. We’re now hiring an experienced qualified lawyer in leveraged finance as a Senior Covenant Analyst in Europe.
How You’ll Make an Impact:
- Write analytical research on leveraged loan covenants as new issuances are marketed in the primary market. Candidates must have extensive experience in analyzing complicated covenant packages with an eye towards potential sponsor-type aggressive transactions.
- Aid asset managers and CLO managers understand the most important terms of the covenants and suggest improvements.
- Write research on leveraged loan covenants for secondary market transactions.
- Write event-driven research and reports on special situations as they develop in the market. This includes analyzing an issuer’s capital structure and producing special reports on how various covenants in the borrower's debt documents may be implicated by various potential transactions.
- Answer client questions on the covenants of various borrowers, which can vary from very simple to complex inquiries, and can include assisting portfolio managers who are time sensitive
- Assist juniors on their leveraged finance training and answering questions on their related work
- Assist in developing a data product that is being developed across Fitch
- Work with our sister companies that are part of the Fitch Group, including CapitalStructure as well as Fitch Ratings
- Leading and / or speaking at client pitches, seminars, and teach-in
- Speaking at industry conferences
You May be a Good Fit if:
- Extensive, relevant legal experience in leveraged finance (primary, secondary, distressed markets)
- A keen commercial awareness of financial markets and leveraged finance
- Excellent networking and relationship building skills
- Effective written and verbal communication skills conveying messages accurately and concisely
- Team player, but also able to work effectively alone (help is always available)
Why Choose Fitch:
- Hybrid Work Environment: 3 days a week in office required based on your line of business and location
- A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity
- Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
- Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
- Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
- Inclusive Work Environment : A collaborative workplacewhere all voices are valued, withEmployee Resource Groups that unite and empower our colleagues around the globe
- Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community
Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch’s credibility and reputation, our employees must take every precaution to avoid conflicts of interest or any appearance of a conflict of interest.Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.
Fitch is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluatequalified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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Director, Covenant Analyst (London) employer: Fitch Group, Inc., Fitch Ratings, Inc., Fitch Solutions Group
Contact Detail:
Fitch Group, Inc., Fitch Ratings, Inc., Fitch Solutions Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director, Covenant Analyst (London)
✨Tip Number 1
Network with professionals in the leveraged finance sector. Attend industry conferences and seminars where you can meet potential colleagues or clients. Building relationships can give you insights into the company culture and expectations.
✨Tip Number 2
Stay updated on current trends in credit markets and covenant analysis. Follow relevant publications and thought leaders on social media to engage in discussions and demonstrate your knowledge during interviews.
✨Tip Number 3
Prepare to discuss specific examples of your experience with complex covenant packages. Be ready to explain how you've navigated challenging situations in previous roles, as this will showcase your expertise and problem-solving skills.
✨Tip Number 4
Familiarise yourself with Fitch Solutions and its subsidiaries. Understanding their products and services will help you articulate how your skills align with their needs, making you a more attractive candidate.
We think you need these skills to ace Director, Covenant Analyst (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in leveraged finance and covenant analysis. Use specific examples that demonstrate your analytical skills and legal expertise in this area.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to CreditSights. Mention how your background aligns with their needs, particularly your experience with complex covenant packages and your ability to communicate effectively with clients.
Showcase Your Communication Skills: Since effective communication is key for this role, include examples in your application that demonstrate your ability to convey complex information clearly and concisely, both in writing and verbally.
Highlight Team Collaboration: Emphasise your experience working in teams, especially in high-pressure environments. Mention any leadership roles or mentoring experiences that showcase your ability to support junior colleagues and contribute to a collaborative workplace.
How to prepare for a job interview at Fitch Group, Inc., Fitch Ratings, Inc., Fitch Solutions Group
✨Showcase Your Legal Expertise
As a Senior Covenant Analyst, it's crucial to demonstrate your extensive legal experience in leveraged finance. Be prepared to discuss specific cases where you've analysed complex covenant packages and how your insights have influenced investment decisions.
✨Understand the Market Landscape
Familiarise yourself with current trends in the credit markets, especially regarding high yield bonds and loans. Being able to discuss recent market developments and their implications on covenants will show your keen commercial awareness.
✨Prepare for Client Interaction Scenarios
Since the role involves answering client questions and leading pitches, practice articulating complex information clearly and concisely. Think of examples where you've successfully communicated intricate details to clients or stakeholders.
✨Emphasise Team Collaboration
While individual expertise is important, this role also requires teamwork. Share experiences where you've collaborated with others, mentored juniors, or contributed to team projects, highlighting your ability to work effectively both alone and as part of a group.
