Investment Management - Fixed Income
High Yield Credit Analyst (6-months intership) F/M
Internship
6 months
Candriam stands for Conviction AND Responsibility In Asset Management and is a European multi-specialist asset manager. A pioneer and leader in sustainable investing since 1996, Candriam manages approximately €160 billion in assets, with a team of 600 professionals.
The company has investment management offices in Luxembourg, Brussels, Paris, and London, as well as client representatives in more than 20 countries across continental Europe, the United Kingdom, the United States, and the Middle East.
Candriam offers investment solutions across several key areas: fixed income, equities, absolute return strategies, and asset allocation, with a broad and innovative range of ESG strategies spanning all asset classes.
As a responsible employer, Candriam places great importance on equal opportunities. We are committed to building the best international team, reflecting a diversity of backgrounds, perspectives, and skills. We provide an inclusive work environment and support employee well-being as well as work-life balance.
Candriam is seeking a talented and highly motivated intern to support its High Yield and Credit Arbitrage team.
The ideal candidate has a genuine interest in understanding how companies, industries, and capital structures work, with a strong desire to dig beyond headlines and consensus views, a disciplined focus on risk and downside scenarios, and the accountability, proactivity, and autonomy to take full ownership of their work and deliver independently.
During this 6-month internship starting in June 2026, the Credit Analyst will be involved in the following missions:
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Credit Analysis: conduct in-depth fundamental research on high yield issuers, including financial statements analysis, integration of ESG factors, industry evaluation, and covenant review.
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External interactions: engage with managements, investor relations, and sell side analysis to extract information and better asses market consensus. Participate to leverage finance.
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Writing of full reports on the covered companies, as well as one-off commentaries depending on news flow concerning these companies, the conclusions of which will consist in making investment recommendations to the Fund Managers.
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Take part in the Credit Committee and any other investment committee dealing with Credit management. Meet requests for analysis and advice from the Fund Managers and take the initiative, give opinions on credit matters affecting the covered companies.
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Portfolio management support: collaborate on a daily basis with portfolio managers to optimize portfolio construction.
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Reporting: prepare and maintain detailed credit reports, including financial models, capital structures and investment recommendation for use in decision-making.
- Master's degree in Finance, Economics, or a related field.
- Programming and Database skills - Excel skills - Experience in VBA, Python is a plus
- Basic knowledge of financial markets & corporate finance
- Interest in Economic and Financial news.
- Analytical and quantitative skills with a good understanding of
financial statements and credit metrics.
- Ability to work independently and in collaboration with the other team members
- Excellent communication skills in English.
- French language skills are a plus.
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