Sovereign Analyst – Developed Markets

Overview Sovereign Analyst Developed Markets providing Sovereign / Supra / Agency (SSA) coverage to support the Global Rates Active and Index teams. Vanguard’s expanding European Fixed Income team is looking for an experienced Sovereign analyst to support the Global Rates Fixed Income franchise. The team is responsible for the management of global aggregate governments and FX strategies. Based in London the desk invests in global opportunities across fixed income derivatives and currencies. As the team continues to expand we are looking for a driven individual with keen interest in global markets and current geopolitical developments who can provide broad analytical coverage in the Developed Market SSA issuer space. You will collaborate closely with London-based portfolio managers, traders and research colleagues to provide recommendations for use in regular and money market funds. This is a new role that is being created because of business growth and the successful individual will also be expected to help establish and create an effective and efficient coverage model. Core Responsibilities Provide high conviction coverage and investable recommendations across Investment Grade SSAs in the Developed Market universe supporting Global Rates and Global Index teams with timely actionable insights. Assess current and projected credit quality of Investment Grade SSA issuers. Deliver buy / sell / hold recommendations integrating fundamentals and relative value. Develop and operate a risk tiered coverage policy to ensure appropriate analysis for lower and high-risk issuers. Maintain an approved list of eligible issuers for the money market desk. Provide Enhanced SSA Analysis to global index desks. Contribute to strategy development and sector outlooks. Build relationships and communicate clearly with PMs, traders and other internal partners. Develop and maintain relationships with investment banks, issuers, rating agencies and other relevant 3rd parties. What it takes Extensive Developed Market SSA experience to ensure high-level expertise and coverage during periods of market stress. Background in Economic Analysis and/or Fixed Income investment management. Undergraduate degree in finance or economics or equivalent combination of training and experience required. Graduate degree / CFA preferred. Analytical Abilities: The primary responsibility is the ability to conduct deep-level fundamental investment analysis of developed market SSAs. Technical Skills: Proficiency in data analysis to enable efficient coverage of highly rated issuers. Communication Skills: Excellent verbal and written communication skills to effectively interact with active / index desks. How We Work Vanguard has implemented a hybrid working model for the majority of our crew members designed to capture the benefits of enhanced flexibility while enabling in-person learning collaboration and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience. Special Factors Vanguard is not offering sponsorship for this position. Why Vanguard Vanguard is a different kind of investment company. It was founded in the United States in 1975 on a simple but revolutionary idea: that an investment company should manage its funds solely in the interests of its clients. This philosophy has helped millions of people around the world to achieve their goals with low-cost uncomplicated investments. Its what we stand for: value to investors. Inclusion Statement Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew) and communities is guided by one simple statement: Do the right thing. We believe that a critical aspect of doing the right thing requires building diverse inclusive and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values. When all crew members feel valued and included our ability to collaborate and innovate is amplified and we are united in delivering on Vanguard’s core purpose: to take a stand for all investors to treat them fairly and to give them the best chance for investment success. Employment Type: Full-Time Experience: years Vacancy: 1 #J-18808-Ljbffr