Position Summary
TCW is seeking an 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 4 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
This role requires candidates to work from a TCW office five days a week.
Estimated Compensation:
Base Salary: For CA/NY based position, the base salary range is $150k-$175k. This represents base salary range only.
Other Compensation and Benefits: In addition to base salary, employees are eligible for a discretionary bonus and a comprehensive benefits package designed to support you and your family, invest in your health and wellbeing, and help build long-term financial security. Benefits include medical, dental, and vision coverage, retirement benefits, and paid time off. These benefits reflect our commitment to supporting the health, wellbeing, and long-term financial security of our employees and their families.
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