J.P. Morgan's Research department within the Corporate & Investment Bank (CIB) was ranked #1 by Institutional Investor's 2020 survey. We provide market-leading insights, delivered through a broad spectrum of research products and innovative platforms. Our leading Research Analysts strive to deliver through timely, insightful, analytical research with actionable ideas.
We are looking to hire an Emerging Markets (EM) sovereign credit strategist based in New York or London. The EM Fixed Income Research group includes economists and market strategists located in 12 countries globally. The EM Sovereign Credit Strategy team is responsible for publishing research reports with views and actionable trade recommendations covering hard currency bonds and derivatives across over 70 EM countries. The trade recommendations will range from top-down market views to country views to relative value trade ideas. The role will require immediate focus on analyzing EM sovereign debt restructurings.
Research is fast-paced, demanding and intellectually stimulating. The ideal candidate should have a combination of strong technical skills as well as commercial acumen. Intellectual curiosity, a high sense of urgency, a strong work ethic and a team player mentality are necessary attributes in order to excel in this role.
The primary responsibilities include, but are not limited to:
Conducting deep-dive analyses on EM countries with a focus on distressed and special situations, analyzing debt restructuring considerations and modeling potential recovery values;
Liaising with economists and other strategists to formulate forecasts and views, including conducting an IMF/World Bank style debt sustainability analyses (DSAs);
Maintaining ownership of strategy views for niche markets as well as core countries primarily in Latin America and Emerging Europe, Middle East and Africa;
Producing regular research reports, including flagship publications as well as ad-hoc notes, with trade recommendations on fixed income and derivative products, coordinating and contributing to group-wide flagship publications;
Frequently interacting with and assisting internal sales and trading personnel, and interfacing with external institutional clients to deliver research views.
Bachelor's degree (or equivalent) or higher, preferably in a finance/economics discipline;
Previous experience in a research discipline, with proven ability to analyze sovereign risks and sovereign debt from the ground up, and understanding of the sovereign debt architecture;
Familiarity with economic and debt datasets from official creditors such as the IMF and World Bank, and experience navigating complex databases through interfaces like Haver and Bloomberg;
Strong quantitative skills, including econometrics, and understanding of fixed income concepts; proven aptitude to gather and analyze large datasets and develop complex financial models;
Mastery of Microsoft Office suite, especially in Microsoft Excel, working knowledge of EViews, R or MATLAB is a plus.