The Role
The Emerging Country Debt Analyst will conduct economic research, enhance sovereign credit models, analyze emerging market currencies, and communicate with policymakers to inform investment strategies.
Summary Generated by Built In
Company Profile
Founded in 1977, GMO is a global investment manager committed to delivering superior long-term investment performance and advice to our clients. We offer investment strategies and solutions where we believe we are positioned to add the greatest value for our investors. These include multi-asset class, equity, fixed income and alternative offerings.
We manage approximately $82bn for a client base that includes many of the world’s most sophisticated institutions, financial intermediaries, and private clients. Industry-wide, we are well known for our focus on valuation-based investing, willingness to take bold positions when conditions warrant, and candid and academically rigorous thought leadership. Jeremy Grantham, GMO’s Co-Founder and Long-Term Investment Strategist, is renowned as an expert in identifying speculative investment bubbles and also as a leading climate investor and advocate.
GMO is privately owned and employs over 430 people worldwide. We are headquartered in Boston, with additional offices in Europe, Asia and Australia. Our company-wide culture emphasizes commitment to clients, intellectual curiosity, and open debate. We celebrate and respect our differences, while embracing and valuing what each of us brings to work, as we know that diverse teams in an inclusive, caring environment achieve higher engagement and better client results.
Please follow the prompts included in this job posting to apply. The application window for this role is anticipated to remain open until the job is filled, or as otherwise determined by GMO.
Position Overview:
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 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.
Key Responsibilities:
The candidate will be expected to contribute to the team’s best-in-class alpha strategies by:
· Working with the sovereign team to price relative country risk across the investment universe, using the team’s 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.
Requirements and Desired Skills and Characteristics:
- Education: Undergraduate degree holders with a strong academic background will be considered. An advanced degree in economics, quantitative methods, or a related field would be preferable.
- Experience: A minimum of ten years of relevant economic research focused on emerging and developing economies is required. 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.
- Communication Skills: Ability to understand and work with a culturally diverse population of issuers is critical. The ability to communicate concisely in writing is critical.
- Professional Skills: Ability to take initiative and successfully follow through on tasks; accept compromise and deliver results to meet deadlines; manage multiple projects and set priorities. The ideal candidate will also show a desire for achievement and commitment to the investment process and to growing their expertise in the field.
- Data Analysis: Advanced capability in MS Excel required. Python would be an added plus, as would relevant work with statistical packages such as Stata.
- Language Skills: Proficiency in a foreign language is desirable but not required.
GMO is committed to the recruitment, employment, and promotion of all candidates equally, regardless of an individual's gender, race, color, national origin, ancestry, age, religion, pregnancy, marital status, sexual orientation, gender identity or expression, military or veteran status, genetic information, physical or mental disability (except where such disability is a bona fide occupational disqualification) or any other classification protected under federal, state or local law.
Skills Required
- Minimum ten years of relevant economic research experience focused on emerging and developing economies.
- Advanced degree in economics, quantitative methods, or related field preferred.
- Advanced capability in MS Excel required.
- Experience with Python desirable.
- Experience with statistical packages such as Stata.
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The Company
What We Do
For more than 40 years, GMO has partnered with a broad range of sophisticated institutions, financial intermediaries, and families to provide the investment expertise they need to meet their goals and fulfill their missions. Investing on behalf of our clients is GMO’s sole focus. Across asset classes and around the world, our investment teams identify and exploit long-term opportunities and develop solutions that both anticipate and respond to client needs. GMO is comprised of a collection of investment teams with focused specialties. All are grounded in a long-term, valuation-based investment philosophy – an approach we believe provides the best risk-adjusted returns. GMO partners with an impressive roster of sophisticated clients worldwide, delivering innovative investment solutions and tailored client service. Our clients benefit from our diverse expertise, intellectual curiosity, and open culture of debate, as well as from our ability and willingness to take advantage of contrarian market opportunities. For important disclosure information please visit: https://www.gmo.com/americas/terms-and-conditions/
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