Senior Sovereign Credit Analyst, Emerging Markets

Senior Credit Analyst focused on Turkey, the GCC countries, and non-frontier Asia – covering sovereign credit, including quasi-sovereigns, and local rates.

Vanguard’s market-leading active Emerging Markets (EM) team is looking for an experienced Sovereign Analyst. You will join one of the fastest-growing parts of Vanguard’s active fixed income business, working on our dedicated EM funds and EM strategies across credit, multi-sector, and global funds. Additionally, this position will support future product launches to bolster our growing business in the active EM dedicated fixed income space. You will join a team of London-based EM analysts as part of a broader group of investors in Vanguard\’s London office. You will collaborate closely with U.S.-based EM portfolio managers, traders, and research colleagues, including the U.S.-based head of EM research.

As a key member of our Emerging Markets (EM) team, you will enhance our research focus on Turkey, the GCC countries, and non-frontier Asia – covering sovereign credit, including quasi-sovereigns, and local rates. While experience across this full universe is preferred, we are open to candidates with strong expertise in a portion of these regions and a willingness to expand coverage as needed. We will look to you to provide actionable recommendations to generate alpha for Vanguard’s investors, directly influencing the performance of our funds and contributing to Vanguard\’s reputation as a leader in emerging markets investments.

You will have extensive research experience with a focus on sovereign credit and local markets. You will ideally have a strong understanding of, and track record in implementing relative value investment recommendations within the EM sovereign debt asset class. Strong analytical and communication skills, along with an ability to adapt to dynamic market conditions, will be crucial for success in this role.

Be part of this successful, growing, and truly collaborative team and help us strengthen our dedication to phenomenal value and changing the way the world invests! This role offers valuable opportunities for professional growth and development within Vanguard\’s dynamic and innovative environment.

In this role, you will:

• Collaborate with U.S.-based lead EM portfolio managers and regional sovereign analysts to develop investment recommendations for Turkey, the GCC countries, and non-frontier Asia. These recommendations will be implemented in our multisector credit funds and EM sovereign-focused funds, targeting both sovereign and quasi-sovereign assets across credit and local rates.
• Perform investment research, including written opinions, financial models, and investment presentations within a collaborative environment.
• Make relative value investment recommendations across different countries in both credit and rates while calibrating your views against global EM sovereigns, EM corporates, and other fixed income asset classes.
• You will be able to articulate and contribute to an EM sovereign investment process and to understand how to deploy this investment strategy on a tactical (short-term) and strategic (long-term) bearing.
• Track broader sovereign trends and understand the different and changing risk factors that influence EM sovereign yields, be it global macro developments or idiosyncratic issues
• Leverage and build upon your existing relationships with policymakers, central bankers, multilateral lenders, and sell-side contacts.
• You will use your EM sovereign expertise to inform internal relative value and allocation discussion across other parts of the global IG and HY corporate sectors.
• Lead or participate in strategic projects both within the EM team and the broader Fixed Income organization, as needed.
• Support marketing efforts and product development activities.

Qualifications (What it takes):

• Extensive sovereign fundamentals research experience, preferably with a focus across credit and rates.
• A strong understanding and track record in implementing relative value investment recommendations within the EM sector, particularly in Turkey, the GCC countries, and non-frontier countries in Asia, is preferred. We are also open to candidates with expertise in one or more of these regions and a willingness to expand their coverage.
• Sound appreciation of investment strategy as you will work with the active team to enhance and refine our active investment process.
• Ability to communicate your investment thesis and recommendations in a clear and succinct manner with consideration for the broader portfolio across multiple time zones.
• Undergraduate degree in finance or economics or equivalent combination of training and experience required.
• Graduate degree/CFA preferred.
• Relevant language skills are preferred

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

#J-18808-Ljbffr