Benefit Street Partners (BSP) is part of Franklin Templeton, a forward-thinking asset manager that has built its success through powerful partnerships. We leverage cutting-edge strategies and deep insights to unlock opportunities for long-term wealth creation. Our talented, global teams bring expertise that is both broad and unique.
Benefit Street Partners operates independently as an investment group. It is an alternative credit pioneer that seeks to deliver attractive returns through its relationships, specialist expertise, and global reach. We focus exclusively on credit, building deep expertise across direct lending, structured credit, liquid credit, special situations, infrastructure debt, and real estate.
Visit www.bspcredit.com to learn more about our company.
About Us
BSP is a leading alternative credit manager dedicated exclusively to unlocking opportunity in this fast-evolving market. Founded as an early pioneer in the space, we have guided investors through multiple market cycles with discipline, creativity, and resilience.
Alternative credit is what we do. Our expertise spans direct lending, real estate debt, liquid credit, structured credit, and other alternative credit strategies. This depth of specialism, coupled with global reach and long-standing local relationships, enables us to connect investors with tailored, high-quality opportunities designed to deliver attractive, risk-adjusted returns across conditions.
We are a wholly owned subsidiary of Franklin Templeton, one of the world’s largest asset managers. This partnership provides the strength and scale of a global institution while preserving our investment and operational independence. The integration of Alcentra in 2022 added two decades of European expertise, creating one of the most diversified alternative credit platforms worldwide. Together, we offer clients the benefits of BSP’s agility, specialization, and entrepreneurial culture, supported by Franklin Templeton’s resources, infrastructure, and $1.68 trillion in assets under management.
Today, we manage $92 billion in assets for institutions and individuals globally. Our heritage, partnership culture, and enduring relationships continue to set us apart, enabling us to deliver flexible, high-quality credit solutions and consistent, risk-adjusted returns for our investors.
Position Overview
We are looking for a motivated, detail-oriented individual to join the European Liquid Credit Research team as a either a Junior Credit Research Analyst or Intern/Graduate to cover the leveraged loan and high yield bond markets, primarily in Europe, while closely collaborating with our U.S. team. The ideal candidate will be intellectually curious, collaborative and able to support multiple senior analysts in evaluating credit risk of existing investments, as well as potential new investment opportunities. A robust understanding of financial statements is a must, and financial modelling skills are required. Beyond modelling, the role will also entail other forms of due diligence, including summarising and analysing earnings results, interacting with management teams, and synthesising third party research, including sell-side and rating agency research. Overall, the role will play a key role helping the research team evaluate, both qualitatively and quantitatively, the credit risk of our investments in leveraged loans and high yield bonds.
Responsibilities
Responsibilities include but are not limited to:
Financial model construction and maintenance
Collaboration with senior analysts to diligence existing and potential investments utilizing all available resources: Bloomberg, 3rd party research, expert networks, etc.
Understanding and analysing credit terms and documents
Analysis of relative value and comparable transaction analysis, including creation and maintenance of standardized relative value comparison tables
Construction of credit papers for presentation to Investment Committee(s)
General industry analysis on assigned sector(s)
Qualifications / Skills
The successful candidate will ideally possess:
Up to 2 years of experience analysing financial statements, ideally with a leveraged finance / credit focus; internship and junior analyst candidates will be considered
Familiarity with leveraged credit markets and investment funds
Strong Excel technical and modelling skills, ideally including financial modelling
High attention to detail
Intellectual curiosity and willingness to learn
Please note that this is a 12‑month fixed‑term contract, commencing as soon as possible.
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.
Skills Required
- Robust understanding of financial statements
- Up to 2 years of experience analyzing financial statements (internship and junior candidates considered)
- Familiarity with leveraged credit markets and investment funds
- Strong Excel technical and modelling skills, including financial modelling
- High attention to detail
- Intellectual curiosity and willingness to learn
Franklin Templeton Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Franklin Templeton and has not been reviewed or approved by Franklin Templeton.
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Retirement Support — Retirement programs, including a notably strong 401(k) match and access to an employee stock purchase option, are positioned as key strengths. These features are described as meaningful contributors to total compensation.
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Leave & Time Off Breadth — Flexible work arrangements, paid volunteer time, and a defined paid parental leave minimum support strong work–life balance. Time-off breadth is frequently highlighted as a bright spot in the overall package.
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Strong & Reliable Incentives — A bonus structure that pays out regularly and a pay-for-performance philosophy add meaningful upside to cash compensation. Incentives can be particularly impactful in certain functions and levels.
Franklin Templeton Insights
What We Do
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