Hedge Fund: Structured Finance Credit Analyst (Ratings / Fund Finance)

Job description

We are looking for someone capable of independently assessing the likelihood that a specific instrument or investment product will suffer loss.

This requires analysing, on a deal-specific and structural basis:

• Structural protections
• Subordination mechanics
• Collateral quality and diversification
• Cash flow waterfall
• Legal isolation / bankruptcy remoteness
• Covenants and trigger mechanisms
• Recovery assumptions under stress scenarios

Examples of relevant investment products include:

• NAV facilities
• CLO tranches
• Asset-backed notes
• Rated feeder notes

The successful candidate would join the risk-scoring team and work closely with the Structuring team, while maintaining clear risk independence.

The responsibilities would include:

• Assessing and clearly articulating to the Structuring team the likelihood of loss and structural vulnerabilities of certain investment products
• Participating, in coordination with the Investment team, in discussions with Credit Rating Agencies where required, from a risk and methodology standpoint
• Contributing to the development and enhancement of our internal credit risk scoring and rating models (as bandwidth allows)

The ideal candidate:

• Has strong modelling experience (cash flow / stress / structural modelling)
• Has experience in internal ratings advisory or structured credit risk
• Understands rating agency methodologies and ideally has sat on rating committees
• Has direct exposure to structured products such as NAV facilities or similar asset-backed structures
• Is comfortable challenging structuring assumptions
• Has a governance mindset rather than an optimisation mindset

Relevant backgrounds could include:

• Structured product coverage teams at Rating Agencies
• Rating advisory or structured credit teams at banks
• Fund finance / NAV lending credit risk teams at banks with strong franchises

Extra information

Status

Open

Education Level

Secondary School

Location

City of London

Type of Contract

Full Time Jobs

Published at

18-03-2026

Profession type

Accountancy

Full UK/EU driving license preferred

No

Car Preferred

No

Must be eligible to work in the EU

No

Cover Letter Required

No

Languages

English