Emerging Country Debt - Corporate Credit Analyst
gmo · Boston, MA ·
- Work mode
- Hybrid
- Experience
- 3+ years
- Company size
- 501-1000
Analyze corporate credit in emerging markets, building financial models and assessing sovereign linkages for a $9.5B debt portfolio in Boston.
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 $80bn 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 Description:
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.
Responsibilities:
- GMO’s Emerging Debt Team has a differentiated investment philosophy and process. Research analysts leverage quantitative methods to organize and inform fundamental research. The successful candidate will be expected to quickly absorb and apply the investment process, producing consistent, high-quality outputs aligned with the team’s approach.
- Be comfortable balancing broad research coverage with targeted deep dives. The role requires coverage of 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. Demonstrate the ability to 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. The successful candidate must 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.
General Requirements:
- Education: A strong undergraduate or graduate degree is required. 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.
- Experience: 3-8 years of relevant industry experience is required. 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.
- Communication Skills: 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.
- Work and Professional Skills: 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. The successful candidate will be able to perform analytical work in a rigorous, repeatable manner aligned with the team’s investment philosophy and process
Skills:
- Finance/Economics: 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.
- Data Analysis: Advanced proficiency in Excel is required. Experience with statistical analysis and the ability to organize, analyze, and interpret large datasets is highly desirable.
- Emerging Debt: 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.
- Foreign Languages: Proficiency in foreign languages is a plus, particularly Spanish. Additional language skills relevant to emerging markets are also valued.
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.