Davidson Kempner
CLO Sector Analyst - Associate
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Functional Title: Associate
Department: Global Credit - European CLOs
Location: London
About Davidson Kempner
Davidson Kempner Capital Management LP is a global investment management firm. Founded in 1983, Davidson Kempner is headquartered in New York and has offices in Philadelphia, London, Dublin, Hong Kong, Shenzhen, Mumbai, and Abu Dhabi. Our Firm invests globally and opportunistically across the capital structure, in a variety of credit and equity strategies as well as real assets. We apply our multi-dimensional, research-driven investment process to evaluate and execute a diverse range of transactions across asset classes, geographies, and market cycles. We target complex, global situations where our experience and expertise can unlock value.
We bring together exceptional people from different disciplines and backgrounds who are energized by the challenges of navigating complexity. We look for people who demonstrate exceptional critical thinking skills, innate curiosity, creativity, and embrace diverse viewpoints to calibrate their decisions. These differentiators make our people successful beyond a specific job at Davidson Kempner – but throughout their journey with us over many years.
About the Global Credit Team
The Global Credit team manages a range of strategies across performing, structured, and distressed credit markets. Building on Davidson Kempner’s longstanding expertise in complex credit investments, the team continues to expand its European capabilities with the establishment of a dedicated European Collateralized Loan Obligation (CLO) manager.
This initiative represents a significant growth opportunity for the Firm: a scalable platform that complements existing European corporate and structured credit strategies and broadens DK’s institutional investor relationships.
Davidson Kempner is seeking to hire a Research Analyst within its European CLO business in London. The hire will report directly to the new CLO Portfolio Manager and Elizabeth Good in European Corporates.
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This role is suited to an analytically strong and commercially minded credit professional with relevant experience in performing credit markets, ideally gained within a CLO manager, performing credit fund, investment bank, or ratings agency environment. The role will provide significant exposure to CLO portfolio management, issuer analysis, and investment decision-making within a growing and entrepreneurial platform.
Specific responsibilities include:
- Undertaking fundamental credit analysis of issuers within the European Broadly Syndicated Loan (BSL) and European high yield (HY) markets, including preparation of credit memoranda and investment recommendations.
- Covering and tracking selected BSL/HY issuers and sectors through detailed analysis of financial reporting, capital structures, and industry developments.
- Developing investment recommendations for the Portfolio Manager within assigned sector coverage.
- Monitoring industry trends, market developments, and macro themes relevant to portfolio positioning and issuer selection.
- Supporting the development of research templates, analytics, and best practices across the CLO platform.
- Working closely with the Portfolio Manager and broader DK credit teams on research, portfolio construction, and risk management initiatives.
- Contributing to technology, data infrastructure, and workflow optimization efforts across the platform, including the use of AI and automation tools to improve research efficiency, monitoring, and analytical processes.
- Supporting investor reporting and preparation of materials for roadshows and investor engagement.
Profile
The successful candidate will be a technically strong and intellectually curious credit analyst with a contemporary mindset and interest in leveraging technology and data-driven solutions to improve investment processes.
The candidate will demonstrate strong analytical reasoning, attention to detail, and the ability to evaluate complex credit situations thoughtfully and rigorously. They will combine strong fundamental credit skills with a collaborative and execution-oriented approach within a fast-paced investment environment.
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Experience and Qualifications
- Relevant experience within a credit-focused environment such as a CLO manager or performing credit fund, having first trained at an investment bank, accounting firm, or ratings agency; typically 4–6 years.
- Strong credit underwriting and financial analysis skills, ideally with exposure to the European BSL and/or HY markets.
- Experience building and maintaining detailed financial models, including scenario and sensitivity analysis.
- Familiarity with CLO portfolio mechanics, portfolio monitoring, and analytics tools is advantageous.
- Interest in and exposure to data analytics, automation, or AI-enabled research tools to enhance investment analysis and portfolio monitoring.
- Strong written and verbal communication skills, with the ability to present analysis clearly and concisely.
Personal Attributes
- Demonstrates strong analytical reasoning, curiosity, and thoughtful problem-solving.
- Delivers organized, accurate, and high-quality work in a timely manner while managing multiple priorities effectively.
- Learns quickly and demonstrates a strong propensity to develop expertise and grow within the role.
- Exercises sound judgment and escalates issues appropriately when needed.
- Takes accountability for responsibilities, follows through on deliverables, and focuses on solutions and continuous improvement.
- Communicates effectively and collaborates well with colleagues across investment, trading, legal, operations, and risk teams.
- Shows professionalism, dependability, and a positive team-oriented attitude.
- Demonstrates openness to feedback, intellectual humility, and willingness to continuously develop.
- Curious and forward-looking, with a willingness to challenge legacy processes and improve efficiency through technology and AI-enabled solutions.
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