The D. E. Shaw group is a global investment and technology development firm with more than $65 billion in investment capital as of December 1, 2024, and offices in North America, Europe, and Asia. Since our founding in 1988, our firm has earned an international reputation for successful investing based on innovation, careful risk management, and the quality and depth of our staff. We have a significant presence in the world's capital markets, investing in a wide range of companies and financial instruments in both developed and developing economies.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
Interested candidates can apply through our website: https://www.deshawindia.com/recruit/jobs/Ads/Link/SrLdPrinAnaCrOppDec25
We encourage candidates with relevant experience looking to restart their careers after a break to apply for this position. Learn about Recommence, our gender-neutral return-to-work initiative.The Firm offers excellent benefits, a casual, collegial working environment, and an attractive compensation package. For further information about our recruitment process, including how applicant data will be processed, please visit https://www.deshawindia.com/careersMembers of the D. E. Shaw group do not discriminate in employment matters on the basis of sex, race, colour, caste, creed, religion, pregnancy, national origin, age, military service eligibility, veteran status, sexual orientation, marital status, disability, or any other protected class.
