Emerging Country Debt Analyst

GMO•Boston, MA

5d•$175,000 - $200,000•Onsite

About The Position

GMOâs 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 team is currently seeking an experienced sovereign credit analyst to join its 7-member group of portfolio managers and analysts. The sovereign credit team covers roughly 80 countries that span investment-grade, sub-investment grade, and defaulted countries. We are looking for a strong team player with a demonstrated passion for emerging markets economic and political analysis. It is imperative that the successful candidate have the initiative and ability to work independently, while collaborating with teammates within a small, collegial setting. This position is based in Boston.

Requirements

Undergraduate degree holders with a strong academic background will be considered.
A minimum of ten years of relevant economic research focused on emerging and developing economies is required.
Ability to understand and work with a culturally diverse population of issuers is critical.
The ability to communicate concisely in writing is critical.
Ability to take initiative and successfully follow through on tasks; accept compromise and deliver results to meet deadlines; manage multiple projects and set priorities.
Advanced capability in MS Excel required.

Nice To Haves

An advanced degree in economics, quantitative methods, or a related field would be preferable.
Work in the specific area of sovereign credit analysis would be desirable, as would knowledge of exchange rate and local interest rate modeling in emerging markets.
The ideal candidate will also show a desire for achievement and commitment to the investment process and to growing their expertise in the field.
Python would be an added plus, as would relevant work with statistical packages such as Stata.
Proficiency in a foreign language is desirable but not required.

Responsibilities

Working with the sovereign team to price relative country risk across the investment universe, using the teamâs models and processes.
Providing input into improvements and enhancements to the sovereign credit models.
Contributing to default recovery analysis for countries in distress.
Sourcing and maintaining data necessary for the above.
Meeting with policymakers of countries in the investment universe, both virtually and in-person.
Working with corporate/quasi-sovereign analysts when necessary to provide a joint assessment of the likelihood of support.
Assisting in analysis of emerging market currencies and local interest rate markets.
Responding to client requests for information and analysis on economic and financial developments.