Two Sigma
Credit Analyst - Convertible Arbitrage
$165K–$250K
NY New York · Full-time · Posted Oct 28, 2026
- Experience
- 5–10 years in fundamental credit analysis on the buy side (credit, distressed, or convertible funds) or sell side (leveraged finance, high-yield, or convertible research).
About the job
Conduct fundamental credit analysis for a systematic convertible arbitrage strategy, supporting portfolio decisions and building scalable, data-driven research workflows.
What you'll do
- Analyze convertible issuers’ capital structures, liquidity, covenants, recovery, refinancing risk, and credit exposure under stress; advise on position sizing, hedging, and exits.
- Support primary-market opportunities and develop issuer-level views for engagement with issuers and counterparties.
- Monitor portfolio credit risks and help build tools and workflows to scale credit analysis.
What they ask for
- Deep understanding of corporate capital structures, credit documentation, and recovery analysis.
- Proficiency using AI and agentic workflows for research and analysis.
- Strong analytical and communication skills, including presenting concise recommendations to portfolio managers.
Nice to have
- Familiarity with convertible bonds or interactions between equity and credit; hands-on convertible experience is a strong plus.
- Programmatic data analysis experience; Python or similar is a plus.
Pay
USD $165,000 to $250,000 base salary
Tools
LLM tools, Python
AI focus
Use LLM-based and agentic workflows to process filings, transcripts, and credit documents, and build tools that make credit analysis faster and more scalable.
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