At a Glance
- Tasks: Shape investment decisions and conduct rigorous research in European leveraged credit.
- Company: Join J.P. Morgan, a global leader in financial services with a commitment to diversity.
- Benefits: Gain exposure to senior stakeholders and live deal flow while developing your career.
- Other info: Collaborative culture that values high standards, intellectual curiosity, and teamwork.
- Why this job: Make a real impact on investment outcomes through your insights and analysis.
- Qualifications: Proven experience in leveraged credit and advanced financial modelling skills required.
The predicted salary is between 75600 - 92400 £ per year.
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.
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.
Asset Management, European Leveraged Credit Research Analyst, Vice President, London employer: JP Morgan Chase
Morgan is an exceptional employer, offering a dynamic work culture that prioritises diversity and inclusion while fostering employee growth through comprehensive coaching and development opportunities. As a global leader in financial services, we empower our teams to drive impactful product management and AI enablement, ensuring that every employee can contribute meaningfully to our clients' success in a collaborative environment located at the heart of the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Asset Management, European Leveraged Credit Research Analyst, Vice President, London
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We think you need these skills to ace Asset Management, European Leveraged Credit Research Analyst, Vice President, London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to JP Morgan Chase.
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How to prepare for a job interview at JP Morgan Chase
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with JP Morgan Chase.
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