Structured Credit Intern

Alcentra is owned by Franklin Templeton, a dynamic firm that spans asset management, wealth management, and fintech, giving us many ways to help investors make progress toward their goals. With clients in over 150 countries and offices on six continents, you'll get exposed to different cultures, people, and business development happening around the world.

Alcentra operates independently as a Specialist Investment Manager and is headquartered in London, with offices in New York, Boston, Tokyo and Hong Kong. We are a leading, global asset management firm specializing in the sub-investment grade debt markets, experts in credit management, private credit, and structured credit strategies. Our investors include pension funds, insurance companies, government agencies, banks, wealth managers and high net worth individuals.

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The Structured Credit Team is a market facing investment team specialised in the CLO asset class, actively managing positions across funds with c.$8bn AUM. Collateralised Loan Obligations (CLOs) are securities backed by senior-secured loans to US and European corporates, yielding returns via regular interest payments.

While working in the SC department you will receive an insight into the daily decision making of a market leading CLO investment team; developing strong excel skills, the use of Bloomberg terminal functions, as well as using SQL to query the SC database. Additionally, this role provides a unique opportunity to build relationships with external market participants.

As an Intern in the structured credit team, tasks include:

• Assisting with bond auctions.
• Analysing and suggesting both primary and secondary trade ideas.
• Maintaining and improving the team's analytics engine.
• Learning about fund structures and NAV processes.
• Insight into single name credit analysis both internally and via platforms the team has exposure to.

Please note that our internships run for a period of 12 months, with the successful candidate expected to start around June 2026.

Experience our welcoming culture and reach your professional and personal potential

Our culture is shaped by the variety of perspectives and experiences brought by talent from around the world. Regardless of your interests, lifestyle, or background, there's a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.

By joining us, you will become part of a culture that focuses on employee well-being and provides multidimensional support for a positive and healthy lifestyle. We understand that benefits are at the core of employee well-being and may vary depending on individual needs. Whether you need support for maintaining your physical and mental health, saving for life's adventures, taking care of your family members, or making a positive impact in your community, we aim to have them covered.

Learn more about the wide range of benefits we offer at Franklin Templeton

• Most benefits vary by location. Ask your recruiter about benefits in your country.

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.

If you believe that you need an accommodation or adjustment, due to a medical condition or disability, to search for or apply for one of our positions, please send an email to

. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number of the position you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.