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        Senior Analyst/Lead Analyst/Principal Analyst – Credit Opportunities (Emerging Markets Sovereign Strategy)

        Financial Research
        Hyderabad, Bengaluru or Gurugram

        We are looking for resourceful candidates to join our Credit Opportunities team within the Financial Research group, with the option to be based in Hyderabad, Gurugram, or Bengaluru, depending on preference. The group works closely with various front office teams to provide high-quality, in-depth support to the investment research and decision-making processes of the firm’s global proprietary trading strategies. The Credit Opportunities team specifically undertakes fundamental credit analysis of corporate bond and loan issuers across geographies, collaborating with front office desks to objectively define the credit risk for these companies.

        What you’ll do day-to-day

        In this role, you will conduct in-depth country and issuer analysis across emerging market sovereigns in Latin America, EMEA, and Asia. You will evaluate sovereign debt sustainability, including debt-to-GDP trajectories, rollover risk, external financing needs, maturity profiles, contingent liabilities, and currency mismatches. You will also assess political and governance risks, such as election outcomes, policy changes, institutional quality, regulatory environment, and progress on structural reforms. Additionally, you will be expected to provide a clear, well-reasoned investment and trade ideas across sovereign and quasi-sovereign debt to the trading team. You will communicate investment ideas and supporting rationale effectively through verbal presentations and written reports to internal stakeholders. This role will involve collaboration with other investment teams (sovereign, corporate, FX, and rates) to ensure integrated views. You must maintain and enhance econometric and quantitative models to support forecasts, valuations, and risk assessments (e.g., sovereign credit models, valuation of relative value instruments). Furthermore, you will monitor and interpret regulatory, structural, and global macroeconomic trends—such as commodity cycles, changes in global interest rates, and evolving trade policies—that impact emerging markets. Building and maintaining excellent relationships with brokers, analysts, and other market participants is a critical part of this role. In this role, you will also contribute to the ongoing development of sovereign risk analysis tools and analytical resources.

        Who we’re looking for

        The ideal candidate should hold-

         

        Basic qualifications:

        • A bachelor’s degree (or equivalent) in a quantitative discipline, with 3 to 8 years of relevant work experience
        • Robust quantitative analysis and financial modeling capabilities
        • Practical experience with fixed income pricing, particularly in credit
        • Proficiency in programming languages
        • The ability to be an independent thinker with intellectual curiosity, initiative, and robust ownership of work
        • The ability to be an effective communicator capable of producing high-quality research notes and investment memos, and to present persuasively to internal/external audiences
        • Excellent interpersonal skills with the ability to work in a small, collaborative team, challenge views constructively, and build consensus
        • The ability to perform under pressure and meet tight deadlines while maintaining analytical rigor

        Preferred qualifications:

        • Deep understanding of sovereign debt instruments (mainly hard-currency bonds, local-currency bonds, FX dynamics), interest rates, and credit risk in emerging markets
        • Excellent grasp of macroeconomic principles, capital markets, and public debt structures
        • Robust interest and expertise in emerging markets economics and geopolitics

        Candidates with relevant experience looking to restart their careers after a break are encouraged to apply for this position.

        The members of the D. E. Shaw group do not discriminate in employment matters on the basis of race, color, religion, gender, gender identity, pregnancy, national origin, age, military service eligibility, veteran status, sexual orientation, marital status, disability, caregiver status, or any other category protected by law. We are eager to hear from individuals having a wide range of backgrounds and personal characteristics.

        Candidates who are residents of California (any such candidate, a “California Resident”) should click here for our CCPA Recruitment Personal Information Privacy Notice.

        The D. E. Shaw group may collect, use, hold, transfer, and process candidates' resumes and associated information (including personal information contained therein) for purposes reasonably related to their application, including without limitation: review and management of employment applications and supporting materials; administration and management of offers to and communication with candidates; and administration, management, and improvement of the recruiting operations of the D. E. Shaw group; and/or where reasonably required in connection with a proposed sale, spin-out, reorganization, or outsourcing of all or some of the business of the D. E. Shaw group. The D. E. Shaw group will not use such information for purposes unrelated to the foregoing, such as direct marketing of third-party products to candidates, without candidate consent. As used herein, the term "personal information" is meant to broadly describe information identifying or relating to a specific individual; it is intended to encompass "personal data," "sensitive personal data," and "personally identifiable information" and similar terms, as those terms are defined by law in the jurisdictions in which the D. E. Shaw group operates.

        The D. E. Shaw group may transfer such personal information within and outside the country and jurisdiction of the locations where the D. E. Shaw group maintains offices, to other D. E. Shaw group affiliates, to government and regulatory authorities, and to third parties which provide or may provide support and/or services to the D. E. Shaw group and for the purposes set forth above. The persons who may have access to this personal information are other employees of the D. E. Shaw group, in connection with the performance of their duties of employment, and the other parties listed above, in connection with the business of the D. E. Shaw group. (Of course, candidates will be considered for employment opportunities only in those countries in which they express interest.)

        The D. E. Shaw group will use reasonable care to maintain the confidentiality of personal information (including appropriate technical measures against unauthorized or unlawful processing and against accidental loss or destruction of, or damage to, such information) and will retain such data as required by applicable law or regulation. Candidates have the right to request access to, and correction of, their personal information in accordance with applicable law; any such request should be submitted to recruiting.india@deshaw.com. Candidates who have submitted a resume to the D. E. Shaw group and do not wish to proceed with their applications should email cvwithdraw@deshaw.com. Personal information of candidates who have been the subject of background checks may have been transferred in accordance with applicable regulations, and any concerns with such transfers should be submitted to backgroundcheck-inquiries@deshaw.com.

        The D. E. Shaw group may retain candidates’ information for prospective recruiting activities, including sourcing candidates for employment opportunities and for organizing events with prospective candidates, in accordance with our internal data retention procedures. Candidates who do not agree to such future use should email recruiting-inquiries@deshaw.com.

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