High Yield Research Analyst

About Western Asset

Western Asset Management is a globally integrated fixed-income investment manager focused on helping clients reach their financial objectives and deliver positive outcomes. The firm builds investment ideas and solutions around long-term fundamental value and uses a range of diversified strategies.

About the Department

The Western Asset team is known for its strength in fixed-income investing and operates through a connected, open investment platform designed to produce strong results. A collaborative culture and deep experience across investment professionals worldwide support the work of the department. The firm manages more than $220 billion USD in fixed income strategies globally.

Western Asset is part of Franklin Templeton, a diversified business spanning asset management, wealth management, and fintech. With clients in more than 150 countries and offices across six continents, the role offers exposure to varied markets, cultures, and business activity worldwide.

Role Overview

As a High Yield Research Analyst, you will contribute directly to investment decisions by carrying out detailed research and analysis that supports fixed-income strategies. The position is centered on assessing corporate credit opportunities and maintaining ongoing coverage of portfolio holdings and new issuance.

Key Responsibilities

• Evaluate selected corporate issuers and securities across European sectors, including healthcare, pharmaceuticals, chemicals, and other basic industries.
• Support the ongoing review of both current holdings in client portfolios and newly issued securities.
• Analyze cash bonds in depth and track movements and developments in the credit default swaps market.
• Stay informed on macroeconomic shifts, fixed-income market developments, and wider investment-industry trends.

What Will Help You Succeed

• Solid background in credit research, with relevant exposure to healthcare, pharmaceuticals, and chemicals.
• Ability to assess corporate credit strength, as well as the covenants and indentures attached to fixed-income instruments.
• Understanding of what drives credit risk premiums and how to compare relative value across bonds.
• Strong verbal and written communication skills, including comfort presenting technical information.
• Self-motivated, detail-oriented, and able to take initiative while working well in a team setting.
• A bachelor’s degree in Business, Finance, or Economics is preferred; CFA qualification is an advantage.

About Western Asset

Western Asset describes itself as a forward-looking fixed-income investment manager that continues to invest in new technologies, methods, and markets, alongside investment in its people. The organization emphasizes integrity, fairness, respect, innovation, and an entrepreneurial mindset, with the goal of continuously improving the value it creates for clients and colleagues.

Inclusive Workplace and Equal Opportunity

The company states that it supports an inclusive and respectful workplace where different viewpoints are encouraged and where independent thinking can lead to better ideas and implementation. Western Asset Management is an equal opportunity employer and considers all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, marital status, medical condition, pregnancy or related conditions, physical or mental disability, protected veteran status, or any other legally protected characteristic.

Talent Pool Information

Candidates who do not see an immediate match for their profile are invited to join the talent pool so they can be considered for future openings. The company requests a searchable profile and an up-to-date resume for upload, and accepts files in .rtf, .docx, .doc, .txt, and .pdf formats, provided each file is under 2MB.

Additional Information

The source material does not specify salary, bonus, notice period, working days, or other compensation-related terms.