Credit Analyst - Convertible Arbitrage
two sigmaNew York, NY
Credit Analyst - Convertible Arbitrage
two sigmaNew York, NY
2 days ago
Industries
Portfolio Management and Investment AdviceInternational, Secondary Market, and All Other Nondepository Credit IntermediationMiscellaneous Financial Investment ActivitiesAbout the role
You will take on the following responsibilities:
Conduct fundamental credit analysis on convertible issuers, including capital structure, liquidity, covenants, recovery and refinancing risk
Assess credit risk on positions under stress, and work with portfolio managers on sizing, hedging and exit decisions
Provide analytical support for primary market opportunities, including new issuance, buybacks and other capital markets transactions
Develop issuer-level views that support engagement with issuers and counterparties
Monitor credit exposures across the portfolio and flag emerging risks proactively
Help build data-driven tools and processes, including LLM-based and agentic workflows, that make credit analysis faster and more scalable
You should possess the following qualifications:
5–10 years of experience in fundamental credit analysis, on the buy side (credit, distressed or convertible funds) or sell side (leveraged finance, high-yield or convertible research)
A deep understanding of corporate capital structures, credit documentation and recovery analysis
Familiarity with convertible bonds, or with how equity and credit interact across the capital structure; hands-on convertible experience is a strong plus
Proficiency using AI and agentic workflows for research and analysis (e.g., using LLM tools to process filings, transcripts and credit documents)
Comfort working with and analyzing data programmatically; Python or similar experience is a plus
Strong analytical and communication skills, and the ability to present concise, well-reasoned recommendations to portfolio managers
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JOB OVERVIEW
Experience level
Senior
Location
New York, NY
Occupation
Financial and Investment Analysts
Industry
Portfolio Management and Investment Advice
Posted
2 days ago
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