High Yield Credit Sector Specialist, Markets Analyst, VP

Citi's global Markets business is a leading financial services franchise, offering a comprehensive range of products and services to institutional clients worldwide. Within this robust framework, our Fixed Income and Credit division stands out for its deep market expertise and innovative solutions, covering areas such as bonds, credit derivatives, and structured products. We facilitate client access to global capital markets, providing liquidity, risk management, and investment opportunities across various asset classes, playing a critical role in global financial ecosystems. 

The Vice President, High Yield Credit Sector Specialist (Desk Analyst) plays a pivotal role within our Fixed Income and Credit team in London. This position involves in-depth analysis of specific high yield credit sectors, providing crucial insights and recommendations that directly support trading and sales activities. The role contributes significantly to Citi's market positioning by enhancing our analytical capabilities and enabling informed decision-making in a fast-paced trading environment. This is an opportunity to directly impact strategic outcomes through rigorous analysis and active engagement with market dynamics. 

Primary Responsibilities of the role 

• Conduct comprehensive fundamental credit analysis on companies within assigned high yield sectors, identifying key trends, risks, and opportunities. 

• Develop and maintain detailed financial models and valuation frameworks for high yield credits, including scenario analysis and stress testing. 

• Generate timely and actionable investment recommendations and research reports for traders, sales teams, and institutional clients. 

• Monitor market developments, news flow, and credit events impacting covered sectors and individual issuers, providing real-time updates to the trading desk. 

• Collaborate closely with high yield traders, sales professionals, and portfolio managers to articulate credit views and support client engagement. 

• Participate in client meetings, roadshows, and conferences, representing Citi's credit research capabilities and engaging in substantive discussions on market outlook. 

What we need from you 

• Significant experience as a credit analyst or desk analyst, with a proven focus on high yield corporate bonds. 

• Demonstrated expertise in financial modeling, valuation techniques, and fundamental credit analysis across multiple high yield sectors. 

• Strong understanding of fixed income markets, credit products, and market mechanics. 

• Excellent written and verbal communication skills, capable of distilling complex financial information into clear, concise, and actionable insights. 

• Ability to thrive in a high-pressure, fast-paced trading environment, managing multiple priorities effectively. 

• CFA designation or equivalent advanced degree (e.g., MBA, Master's in Finance) is highly desirable. 

What Citi can offer you 

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as: 

• 27 days annual leave (plus bank holidays) 

• A discretional annual performance related bonus 

• Private Medical Care & Life Insurance 

• Employee Assistance Program 

• Pension Plan 

• Paid Parental Leave 

• Special discounts for employees, family, and friends 

• Access to an array of learning and development resources Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self, every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. If you are actively working with clients, have a passion for relationships and want to be part of a successful global franchise – then apply today. This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required. 

Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016. Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role. Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety: 

• Honesty, Integrity and Reputation 

• Financial soundness 

• Competence and capability In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above. This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks.