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.

• 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.

• 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