Fixed Income, Emerging Markets Corporate Credit / Research, Associate

GSAM’s Emerging Market team is seeking a Corporate Credit Research Analyst to perform fundamental (bottoms-up) analysis on companies in Emerging Markets.  The Emerging Market Corporate Credit Research Analyst will be an integral part of GSAM’s Emerging Markets team, which manages over $45bn of dedicated EM assets. The Research Analyst will be responsible for analyzing credits in a number of industries, performing due diligence, modeling company financials, and presenting investment ideas. Ongoing maintenance research will entail monitoring assigned coverage list credits and assessing risk vs. return and relative value opportunities across a broad range of portfolios and credit strategies. A successful candidate must demonstrate commitment to a team-oriented culture and a strong enthusiasm for investment research. Strong financial modeling, communication and research skills, as well as an outstanding critical thinking mindset are key attributes needed to be successful in the role.

Responsibilities

• Analyzing issuers via financial modeling, accounting review, capital structure review, covenant analysis, assessment of management quality, assessment of third-party research, ESG research and assessment and interacting with management and sell-side analysts, among others
• Recommending investment ideas across a range of portfolios (with e.g. different risk appetites, restrictions), updating/defending those recommendations in both verbal and written communication 
• Performing ongoing due diligence and monitoring of portfolio positions and key credits, and communicating updates in a timely fashion (verbally and in writing) to global team members 
• Working with economists on the Emerging Markets team to assess the relevant economic and political risks the companies may face
• Working with the Global Corporate Credit team to identify global relative value and share investment ideas

Qualifications

• 3-7 years of experience in investing or credit analysis or a related discipline, including investment banking and equity research, in either developed markets or emerging markets
• Solid accounting and finance knowledge with a keen ability to analyze financial statements
• Strong financial modeling skills with good mathematical grounding
• Strong communication skills (verbal and written)
• Self-starter and resourceful with a passion for investing and investment research
• CFA study (at any level) a plus