Job Description

We are seeking to recruit a Senior Credit Analyst to join our Global Credit Research team.

The Global Credit Research team underpins the firm's global investment process and value proposition as an active manager. The team’s analysts support all pillars of expertise for portfolio managers to draw upon and share a globally integrated set of research expertise and insights. The team also includes resource focused on advancing our pioneering ESG and sustainability capabilities onto our Fixed Income platform.

The role will focus on the Healthcare, Retail and Gaming sectors, Investment Grade and High Yield. The successful candidate will join the Corporate Research EU team and will work closely with portfolio managers predominantly located in Allianz GI’s European locations as well as with the other credit analysts based in the US and in Asia.

The role is based in our London or Paris office.

What you do

Responsibility for the Healthcare, Retail and Gaming sectors, coverage of Investment Grade and High Yield names. Analytical responsibility for c. 50 issuers.

• Utilize an analytical approach emphasizing financial modeling and company due diligence to determine investment opportunities
• Forecast company earnings, cash flow generation and capital requirements under various scenarios
• Incorporate macroeconomic conditions, industry trends, and ESG analysis into opinions
• Evaluate company capital structures and perform recovery analysis to determine optimal risk-adjusted return opportunities
• Review security covenants and bond indentures to examine potential risks to security holders
• Assign internal ratings
• Participate in credit committees and portfolio management meetings
• Provide sector views and relative value recommendations within sectors
• Strategize with portfolio managers on positioning for portfolios across sectors and capital structures to maximize returns
• Contribute to marketing efforts for various strategies with clients.

What you bring

• Minimum 10 years’ experience in credit analysis in the buy-side or sell-side
• English fluent, French is a plus
• Diligent and attention to detail, with strong analytical skills
• Autonomy and curiosity, reactiveness
• Team player and ability to build positive relationships across the business
• Strong verbal and written communication skills
• Bloomberg knowledge, LLMs practice and software/programming skills (VBA, Python)
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices
• CFA is a plus.

What we offer

• We empower our employees by ensuring flexible work arrangements that maintain a balance between performance, productivity, career development, and personal priorities (e.g., hybrid model/flexible working hours)
• Securing your future: Access to company pension/savings plans
• Company share purchasing plan
• Mental health and wellbeing programs
• Career opportunities within the entire Allianz Group
• Self-guided learning & development
• Volunteering time
• … and so much more!

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager, managing assets for individuals, families, and institutions worldwide. Our shared goal to shape a future of opportunity for our clients is foundational to our culture and our values. We look to attract, and actively nurture, individuals with the drive to achieve excellence at every stage of the investment experience.

We believe an inclusive culture is key to a flourishing workforce. Not only do we celebrate the broad range of experiences, backgrounds, and attributes that our workforce brings, but we support our people to live and work in a way that promotes their own wellbeing.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams, and challenges is what makes us a unique employer.

We are united by a shared commitment: to put our clients first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our clients and for the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion, and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

If you feel inspired to promote the active asset management experience, this is the place for you. Join our international, technology-enabled, and agile environment. Simply upload your CV in English to apply for this position.  If you need support to navigate our websites or at any stage during your application, please send an email with your request to  recruiting@allianzgi.com  

To Recruitment Agencies

Allianz Global Investors has an in-house recruitment team that sources great candidates directly. Therefore, Allianz Global Investors does not accept unsolicited resumes from agency or search firm recruiters. 

When we do work with recruitment agencies, that engagement is formalized by a contract. Fees will only be paid when there is a contract in place. 

Without a contract in place, we will not accept invoices on unsolicited resumes, even if the candidate was ultimately employed by Allianz Global Investors. 

Finally, please do not contact hiring managers directly. 

Join us. Let’s care for tomorrow.

How to Apply Applying is quick and easy. Simply upload your CV, complete your personal details, confirm your consent for AI support in the “Additional Information” section, and submit your application.

To support our recruiters, we use Fit Score—an AI‑powered tool that highlights how closely your profile aligns with the role. This helps us review applications more efficiently and focus on what matters most: your skills and experience.

Good to know: The Fit Score is a support tool only. At Allianz, technology never replaces human judgment. Every application is carefully reviewed by our recruiting teams, ensuring a fair, thoughtful, and personal hiring process.

102960 | Asset & Investment Management | Professional | n.a. | Allianz Global Investors | Full-Time | Permanent