High Yield Credit Analyst (6-months intership) F/M

High Yield Credit Analyst (6-month internship) F/M

Business unit

Investment Management - Fixed Income

Job title

High Yield Credit Analyst (6-month internship) F/M

Contract type

Internship

6 months

Candriam is a global multi-specialist asset manager and a recognized pioneer and leader in sustainable investment. For more than 25 years, Candriam has offered innovative and diversified investment solutions across many asset classes including fixed income, equities, absolute return, asset allocation and illiquid assets.

As a Responsible Employer, Equal Employment Opportunity is crucial to Candriam. We are committed to building the best global team that represents a variety of backgrounds, perspectives, and skills. We provide an inclusive work environment and support wellbeing and work‑life balance.

Mission

Candriam is seeking a talented and highly motivated intern to support its High Yield and Credit Arbitrage team.

The ideal candidate has a genuine interest in understanding how companies, industries, and capital structures work, with a strong desire to dig beyond headlines and consensus views, a disciplined focus on risk and downside scenarios, and the accountability, proactivity, and autonomy to take full ownership of their work and deliver independently.

Responsibilities

During this 6-month internship starting in June 2026, the Credit Analyst will be involved in the following missions:

• Credit Analysis: conduct in-depth fundamental research on high yield issuers, including financial statements analysis, integration of ESG factors, industry evaluation, and covenant review.
• External interactions: engage with management, investor relations, and sell‑side analysis to extract information and better assess market consensus. Participate to leverage finance.
• Writing of full reports on the covered companies, as well as one‑off commentaries depending on news flow concerning these companies, the conclusions of which will consist in making investment recommendations to the Fund Managers.
• Take part in the Credit Committee and any other investment committee dealing with Credit management. Meet requests for analysis and advice from the Fund Managers and take the initiative, give opinions on credit matters affecting the covered companies.
• Portfolio management support: collaborate on a daily basis with portfolio managers to optimize portfolio construction.
• Reporting: prepare and maintain detailed credit reports, including financial models, capital structures and investment recommendation for use in decision‑making.

Profile

Master's degree in Finance, Economics, or a related field.

• Programming and database skills
• Excel skills
• Experience in VBA, Python is a plus
• Basic knowledge of financial markets & corporate finance
• Interest in economic and financial news
• Analytical and quantitative skills with a good understanding of financial statements and credit metrics
• Ability to work independently and in collaboration with the other team members
• Excellent communication skills in English
• French language skills are a plus

Job location

Europe, France

City

Paris

Education

Master’s Degree II / Bac+5

Minimum level of experience required

Less than 2 years

Languages

• French (C1 - Fluent)