Emerging Country Debt - Corporate Credit Analyst

GMO•Boston, MA

9d•Onsite

About The Position

GMO’s Emerging Debt Team is a focused team that manages $9.5 billion in dedicated EMD AUM for a variety of clients (pension funds, endowments, sub advisory, etc). It has a first-decile, 30-plus-year track record in managing hard currency strategies (EMBIG-D benchmark), and a first-decile 17-year track record in managing local currency strategy (GBI-EMGD benchmark). It also manages a select set of bespoke mandates. The Emerging Debt Team is seeking to add a Corporate Credit Analyst to partner with and support a six-member team of portfolio managers and analysts. The team’s corporate credit research platform covers constituents of J.P. Morgan’s EMBI and CEMBI index suites, as well as select off-benchmark opportunities, with a particular focus on companies that benefit from varying degrees of government support, with a resulting coverage universe of 300+ names. This position is based in Boston.

Requirements

3-8 years of relevant industry experience.
Candidates from a variety of backgrounds will be considered, including investment management, sell-side research, corporate or investment banking, rating agencies, and multilateral development institutions.
Excellent written and verbal communication skills, with the ability to distill complex analytical work into clear, concise, and actionable insights for a range of audiences.
Demonstrated ability to learn and apply new concepts quickly and efficiently.
Intellectual curiosity, humility, sound judgment, and a disciplined, detail-oriented approach to work are essential.
Proven ability to take initiative, manage multiple priorities, meet deadlines, and consistently deliver high-quality results.
Ability to perform analytical work in a rigorous, repeatable manner aligned with the team’s investment philosophy and process.
Strong financial statement analysis skills and the ability to build, maintain, and interpret financial models are essential.
A solid understanding of corporate finance, credit fundamentals, and capital markets is preferred.
Advanced proficiency in Excel is required.
Experience with statistical analysis and the ability to organize, analyze, and interpret large datasets is highly desirable.
Experience with, or a strong interest in, emerging market economies, corporate credit, and capital markets.
Familiarity with regional dynamics, sovereign risk, and EM investment frameworks is beneficial.

Nice To Haves

Coursework or experience in corporate finance and financial statement analysis is highly desirable.
Business-related degrees are welcome, as is CFA designation or progress toward the charter.
Proficiency in foreign languages is a plus, particularly Spanish.
Additional language skills relevant to emerging markets are also valued.

Responsibilities

Leverage quantitative methods to organize and inform fundamental research.
Quickly absorb and apply the investment process, producing consistent, high-quality outputs aligned with the team’s approach.
Balance broad research coverage with targeted deep dives.
Cover a diverse universe of corporate credits across 80+ EM countries (IG and HY), 10+ sectors spanning corporates and financials, and all levels of the capital structure, while also conducting in-depth analysis of specific credit situations when warranted.
Perform rigorous analytical work, including corporate credit analysis, assessment of sovereign linkages, and evaluation of structural and contractual features of individual instruments across public and private debt markets.
Maintain and regularly update proprietary financial and credit models.
Conduct robust due diligence through a variety of information sources, including meetings with company management teams, discussions with sell-side and independent industry analysts, and ongoing review of industry publications and relevant market data.
Communicate analysis clearly and concisely through credit opinion write-ups, investment committee presentations, and other formats.
Present effectively to both internal and external audiences, tailoring content and delivery to the context and level of expertise of the audience.
Effectively collaborate in a small collegial team environment.
Be a proactive self-starter with the initiative and ability to work independently, while also partnering effectively with teammates and contributing to a collaborative research culture.