Credit Associate, Active High Yield

Work with an established group of investment professionals to maximize the risk/return potential of high yield investments while also collaborating with the larger Credit Research Team.

Vanguard Credit Research is recruiting an investment associate to support the Active High Yield Credit Team. Vanguard's High Yield team is expanding its global focus with the build out of European High Yield credit capabilities. The team is focused on investing dedicated portfolios, portions of the broader credit funds, and supporting future business development. As part of the team, you will work with an established group of investment professionals to maximize the risk/return potential of high yield investments while also collaborating with the larger Credit Research Team.

In this role:

In this role you will assist in providing financial modeling, valuation, deep fundamental economic and corporate research, as well as relative value views to the team on high yield bond and bank loan investments in the European market. Our research process is focused and collaborative and you will work with senior analysts, traders and portfolio managers to provide verbal and written opinions for primary and secondary market investment opportunities. In addition to investment research, you must be willing to take on strategic projects both within the High Yield team and for the broader Fixed Income platform.

Qualifications (What it takes):

• Undergraduate degree. Graduate degree and CFA preferred.
• At least 4 years of experience as a qualified accountant, banking or buyside/sell-side/rating agency corporate research analyst.
• Excellent quantitative/modeling skills.
• Strong drive to independently build market and sector knowledge.
• Knowledge of leveraged credit is preferred.
• Excellent written and verbal communication skills.
• Team player with strong interpersonal skills.

How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

Special Factors

Vanguard is not offering visa sponsorship for this position.

Why Vanguard?

Vanguard is a different kind of investment company. It was founded in the United States in 1975 on a simple but revolutionary idea: that an investment company should manage its funds solely in the interests of its clients.

This is a philosophy that has helped millions of people around the world to achieve their goals with low-cost, uncomplicated investments.

It's what we stand for: value to investors.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

Client-provided location(s): London, United Kingdom

Job ID: Vanguard-165909

Employment Type: FULL_TIME

Posted: 2026-04-24T20:38:14