Global Credit Trading

1 week ago

London, Greater London, United Kingdom JPMorganChase Full time £60,000 - £160,000 per year
Description

Are you ready to accelerate your career in the dynamic world of leveraged finance? Join J.P. Morgan's EMEA Leveraged Finance Trading desk, where your credit analysis skills and market insight will help drive trading revenues and maintain our market leadership. The business trades High Yield Bonds and Leveraged loans, both performing and stressed, and in the case of distressed debt any successor or restructured instruments including reorganized equity.  We are looking to recruit a desk analyst to cover Loans and Special Situations (focus on opportunistic and stressed credits). Our client base includes the top European banks, credit opportunity funds, hedge funds,  CLO investors, and private equity clients.    

As an Analyst or Associate on the EMEA Leveraged Finance Trading desk, you will cover loans and special situations, focusing on opportunistic and stressed credits. You'll partner with traders to generate trading revenues, manage desk inventory, and produce impactful credit commentary. Your work will support market making and help set trading levels in rapidly evolving credit situations.

Job Responsibilities:

  • Review a wide variety of credits to produce commentary and analysis, identifying profitable trading opportunities for clients and desk positions.
  • Formulate and express credit views and relative value across traded instruments.
  • Collaborate with senior desk analysts on complex credits and work independently on others.
  • Communicate credit developments and views in real time with traders.
  • Prepare concise summaries for Sales and pitch trading opportunities to fund clients.
  • Credit manage inventory positions, including amendments, waivers, and restructuring.
  • Prepare ad hoc support materials and presentations for the group and clients.
  • Network with market counterparts, including peer analysts, legal advisors, and restructuring advisors.

Required Qualifications, Capabilities, and Skills:

  • Previous experience in leveraged loans and high yield bonds credit analysis and monitoring.
  • Strong financial modeling and valuation skills.
  • Strong work ethic and self-starter, able to work independently and as part of a larger team.
  • Experience collaborating with senior team members to arrive at pricing and facilitate market making.
  • Experience in credit analysis, including good cash flow modeling skills and understanding of company valuation.
  • Clear and impactful communication, confident presentation skills, and ability to handle client interaction as needed.
  • Ability to work under pressure and to tight deadlines, handling multiple demands on time.
  • Knowledge of basic concepts of debt documentation, and willingness to learn to identify documentational weaknesses.

Preferred Qualifications, Capabilities, and Skills:

  • European language skill is desirable, although not a pre-requisite.

This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.  

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