Director, Credit Research

Obra Institutional Credit (OIC), a subsidiary of Obra Capital Inc., is an independent asset management and investment research firm specializing in high-yield corporate debt and leveraged loans. OIC serves a sophisticated client base including leading wealth managers, large public pension funds, and institutional leveraged finance investors.

As Director – Credit Research, you will be a senior investment professional conducting rigorous bottom-up credit analysis on high-yield bonds and leveraged loans, with a primary focus on the financial services and technology sectors.

What you will do:

- Lead fundamental credit research and due diligence on performing high-yield corporate issuers across the capital structure

- Build and maintain detailed cash flow models to value debt investments; generate investment recommendations with clear risk/return analysis

- Evaluate the creditworthiness of corporate issuers by analyzing financial statements, industry dynamics, competitive positioning, and management quality

- Monitor existing portfolio positions and proactively flag emerging credit risks or upgrade opportunities

- Collaborate with portfolio managers, research colleagues, and traders across multiple offices

- Maintain active dialogue with sell-side, buy-side, advisors, and legal counsel to stay current on market technicals and credit events

- Present investment ideas and research findings internally and externally to clients

What you bring:

- 7+ years of high-yield or leveraged credit research experience at a buy-side or sell-side firm

- Deep expertise in fundamental credit analysis, financial modeling, and capital structure assessment

- Strong knowledge of financial services and/or technology industry credit dynamics preferred

- CFA charterholder or in progress preferred

- Excellent written and verbal communication skills

Obra Capital is headquartered in Montpelier, Vermont, with a national institutional client base.