Emerging Markets Corporate Credit Research Analyst
The TCW Group, Inc., Niagara Falls, NY, United States
Emerging Markets Corporate Credit Research Analyst
Job Location(s): Los Angeles, CA or New York, NY
Position Summary
TCW is seeking an experienced Emerging Markets (EM) Corporate Credit Research Analyst to join its EM Fixed Income team. The analyst will be responsible for fundamental, bottom‑up credit research across EM corporates globally and will work closely with portfolio managers and traders to identify relative‑value opportunities across dedicated EM and global mandates (including cross‑asset strategies).
Role is onsite in Los Angeles, CA or New York, NY.
Periodic travel for issuer meetings, conferences, and diligence.
Essential Duties
Conduct bottom‑up fundamental credit research across EM corporates in Latin America, CEEMEA, and Asia, incorporating business risk, financial performance, leverage, liquidity, ESG considerations, country risk, FX exposure, and relevant macro factors.
Build, maintain, and update detailed financial models to assess credit strength, debt service capacity, capital structure robustness, and growth sustainability.
Analyze debt structures, covenants, security packages, and recovery prospects across investment grade, high yield, and distressed securities in both primary and secondary markets.
Identify and communicate relative‑value investment ideas across USD and local‑currency bonds, including structured and project finance transactions.
Prepare and present written research reports, credit updates, and investment recommendations to portfolio managers and internal stakeholders, and participate in management meetings and diligence calls.
Sector Coverage
Prior experience covering oil & gas and/or consumer sectors is preferred but not required.
Flexibility to support broader sector coverage as portfolio needs evolve.
Required Qualifications
Minimum 5 years of experience in emerging markets corporate credit research (buy side or sell side).
Strong financial statement analysis and financial modeling skills.
Bachelor's degree.
Professional Skills Qualifications
Multilingual capabilities strongly preferred.
Excellent written and verbal communication skills with a clear investment mindset.
Desired Qualifications
MBA and/or CFA preferred.
Estimated Compensation: Base salary range $200k–$250k for CA/NY based position. Eligible for an annual discretionary bonus and TCW's comprehensive benefits package.
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Job Location(s): Los Angeles, CA or New York, NY
Position Summary
TCW is seeking an experienced Emerging Markets (EM) Corporate Credit Research Analyst to join its EM Fixed Income team. The analyst will be responsible for fundamental, bottom‑up credit research across EM corporates globally and will work closely with portfolio managers and traders to identify relative‑value opportunities across dedicated EM and global mandates (including cross‑asset strategies).
Role is onsite in Los Angeles, CA or New York, NY.
Periodic travel for issuer meetings, conferences, and diligence.
Essential Duties
Conduct bottom‑up fundamental credit research across EM corporates in Latin America, CEEMEA, and Asia, incorporating business risk, financial performance, leverage, liquidity, ESG considerations, country risk, FX exposure, and relevant macro factors.
Build, maintain, and update detailed financial models to assess credit strength, debt service capacity, capital structure robustness, and growth sustainability.
Analyze debt structures, covenants, security packages, and recovery prospects across investment grade, high yield, and distressed securities in both primary and secondary markets.
Identify and communicate relative‑value investment ideas across USD and local‑currency bonds, including structured and project finance transactions.
Prepare and present written research reports, credit updates, and investment recommendations to portfolio managers and internal stakeholders, and participate in management meetings and diligence calls.
Sector Coverage
Prior experience covering oil & gas and/or consumer sectors is preferred but not required.
Flexibility to support broader sector coverage as portfolio needs evolve.
Required Qualifications
Minimum 5 years of experience in emerging markets corporate credit research (buy side or sell side).
Strong financial statement analysis and financial modeling skills.
Bachelor's degree.
Professional Skills Qualifications
Multilingual capabilities strongly preferred.
Excellent written and verbal communication skills with a clear investment mindset.
Desired Qualifications
MBA and/or CFA preferred.
Estimated Compensation: Base salary range $200k–$250k for CA/NY based position. Eligible for an annual discretionary bonus and TCW's comprehensive benefits package.
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