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Emerging Markets Sovereign Debt Analyst

Location New York, United States Job type Full-Time Work mode Hybrid Job level Professional Job ID 11352 Company MEAG NY Employment type Regular Area of expertise Finance, Accounting & Controlling
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We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Munich Re Group is one of the world’s largest reinsurers. It was founded in 1880 and is based in Munich, Germany. Munich Re is a global operation that spans all continents and has 3 separate business pillars: reinsurance, primary insurance and health.

MEAG New York Corporation (MEAG NY) is an indirect subsidiary of Munich Re. MEAG NY is an internal asset manager having responsibility for the US and Canadian dollar invested assets of Munich Re and its direct and indirect subsidiaries. MEAG NY provides investment advisory services with respect to fixed income instruments and derivatives for Munich Re with over $40 billion in assets under management.

The Opportunity

Future focused and always one step ahead!

This role is a part of a Global Credit Research team, based in New York and Munich, and supports our investment team in identifying and evaluating opportunities across global fixed income markets.

Responsibilities

  • Evaluate the credit risk of Emerging Markets sovereign issuers through a comprehensive analysis of macroeconomic fundamentals, fiscal and monetary policy frameworks, political stability, and material ESG considerations.
  • Translate complex country-specific data into actionable investment recommendations for our Emerging Markets team as well as for other global Portfolio Management teams who can add Sovereign Risk to their portfolios.
  • Tasks include the assignment of internal credit ratings, investment recommendations (vs. benchmark, absolute return, and buy-and-hold), and the drafting of supportive investment memos.
  • The position entails close collaboration and knowledge sharing within the Emerging Markets and Global Credit Research teams and also within the overall MEAG Public Markets investment team.Build and Maintain Relationships: Establish and nurture relationships with investors, investment banks, developers, and sponsors to ensure a steady pipeline of investment opportunities meeting Munich Re's guidelines, especially on the debt side.
  • Cross selling: Have an open mind to lever the expertise of Munich Re to identify and realize infrastructure investments where an investment can be complemented by insurance solutions.

Qualifications

  • Several years of professional experience within Emerging Markets with asset managers, banks, rating agencies or institutions such as the IMF or World Bank.  Experience with Latin American sovereigns and/or corporates is a plus.
  • Degree in Economics preferred.
  • Candidates should be familiar with IMF and World Bank data, Haver or LSEG analytics as well as rating agency methodologies.
  • Good understanding of fundamental quality assessment and relative valuation
  • Strong verbal and written presentation skills
  • Solid IT knowledge (Bloomberg, Excel, Power BI, VBA, Co-Pilot and/or ChatGPT) and quantitative analysis skills are a plus 

The Company is open to considering candidates in New York City, NY. The salary range posted below applies to the Company’s NYC location.

The base salary range anticipated for this position is $120,000 - $200,000 plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). 

The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

  • Two options for your health insurance plan (PPO or High Deductible).
  • Prescription drug coverage (included in your health insurance plan).
  • Vision and dental insurance plans.
  • Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
  • Short and Long Term Disability coverage.
  • Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
  • Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

  • A robust 401k plan with up to a 5% employer match
  • A retirement savings plan that is 100% company funded.
  • Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
  • Eligibility to receive a yearly bonus as a Munich Re employee.
  • A variety of health and wellness programs provided at no cost.
  • Paid time off for eligible family care needs.
  • Tuition assistance and educational achievement bonuses.
  • A corporate matching gifts program that further enhances your charitable donation.
  • Paid time off to volunteer in your community.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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