Fixed Income Investment Analyst

Fixed Income Global Rates Analyst 

Application Period

This position will remain open until filled. Interested candidates are encouraged to submit their applications promptly, as the recruitment process may close without advance notice once a sufficient number of qualified applications have been received.

The Fixed Income Investment Analyst is primarily responsible for working with and leveraging the time of the Fixed Income Portfolio Managers. The successful candidate will work with the portfolio managers to analyze the domestic and global rates portfolios. The Analyst will perform in-depth country and regional research in order to identify relative value and make recommendations for total return opportunities. The Analyst will be responsible for monitoring and maintaining our existing analytics system (BlackRock Aladdin). They will also be expected to provide analytical support to the investment process and perform ad-hoc investment analysis related to the investment goals and strategies.

Key Duties

• Perform fundamental analysis of global rate markets and FX
• Provide daily portfolio risk and performance review and attribution
• Monitor the new issue market and assist with the RV analysis of bonds under review for purchase
• Build, maintain, and update analytical tools and produce periodic reports
• Support the portfolio hedging program by monitoring exposures and preparing materials for review.

Principal Responsibilities

• Maintain current knowledge of fundamental economic developments and other factors affecting interest rates within the global investment universe in order assist in buy and/or sell decisions where multiple solutions exist
• Analyze securities markets by performing credit and relative value analysis and provides input on the specific strategies/securities considered for investment
• Maintain a sovereign risk scorecard and various existing relative value models and optimization tools
• Develop new models and trade ideas to add value to the portfolio
• Monitor FX exposure of the Global portfolio and assist with preparation and documentation of FX hedging transactions
• Produce standard and ad hoc reports as required
• Assist Portfolio Managers with research, data management, and other analytical tasks as needed.

Required Qualifications

• Accredited college degree in business, finance, quantitative finance, economics or related scientific discipline
• 0-3 years of internship or professional experience in investments, capital markets, research, or financial analysis
• Fundamental understanding of investment concepts, valuation, and modeling
• Fundamental understanding of Fixed income concepts, basic macroeconomic principles, foreign exchange fundamentals
• Foundational financial modeling in data analysis skills (excel required)
• Ability to interpret economic data and summarizes findings clearly in written and verbal form
• Strong quantitative, analytical and organizational skills. The analyst will assist in progressing the technical aptitude of the entire fixed income
• Highly self-motivated and detail
• Ability to work accurately and maintain composure under pressure while meeting strict deadlines.
• Must be authorized to work in the United States without current or future visa sponsorship (e.g., not requiring H-1B, F-1 OPT, or similar)

Preferred Qualifications

• Candidates with academic coursework and/or firm grasp of sovereign economic fundamentals, fundamental knowledge investment grade sovereign bond and foreign exchange markets and instruments is highly preferred
• Internship or prior work experience in Fixed Income, Macro research, Investment banking
• Familiarity with financial market platforms (Aladdin or Bloomberg preferred)
• Experience with programming in Python, VBA or MATLAB is highly desirable.
• None required but progress toward CFA Level I designation
• Strong commitment to APFC’s vision and its shared values of integrity, stewardship and passion

• Self-motivation and very strong sense of personal and professional integrity
• Intellectual curiosity and excellent attention to detail
• Demonstrated ability to work well in a small collaborative team environment

Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may be added, removed or changed at any time with or without notice.

AAP/EEO Statement

APFC provides equal employment and advancement opportunities to all. APFC follows all applicable Federal and State laws and does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, age, disability, or any other class protected by law.

*This position may be based in either our Juneau or Anchorage office. Remote work may be considered for candidates whose qualifications and experience align with the needs of the role.

Application Requirement

To be considered for this position, applicants must submit a complete application. A complete application includes:

• A resume or curriculum vitae (CV)
• A cover letter that clearly outlines how the applicant’s experience aligns with the qualifications and responsibilities of the position
• Complete and thorough responses to all application questions

Applications that are incomplete or do not meet these criteria may be disqualified from further consideration.

disqualified from further consideration.

About the Alaska Permanent Fund Corporation (APFC)

The Alaska Permanent Fund Corporation (APFC) is a state-owned investment organization based in Juneau, Alaska, responsible for managing the assets of the Alaska Permanent Fund—one of the largest sovereign wealth funds in the United States. For nearly 50 years, APFC has transformed Alaska’s resource wealth into a renewable financial resource for current and future generations.

In FY25, the Fund reached its highest value ever, exceeding $84 billion, reflecting disciplined stewardship and strong investment performance. APFC’s diversified portfolio spans public and private markets, real estate, and alternative investments, delivering long-term returns that support Alaska’s economy and public services. The Corporation is guided by a commitment to integrity, stewardship, and passion, and was recently recognized as one of the Best Places to Work by Pensions & Investments.

Compensation & Benefits Information 
The base salary range for this position is $100,000 - $125,000 annually, commensurate with experience and qualifications. This role is also eligible for Incentive Compensation under APFC’s Incentive Compensation Plan, with a maximum annual bonus of 7.5% of base salary, tied to total fund performance.

Health

Medical / Vision / Dental Insurance

Single or Family Coverage

Different Cost and Coverage Options

Life Insurance

Disability Insurance

Accidental Death & Dismemberment

Retirement

Public Employes Retirement Program (PERS)

Matching employer contribution

Employer contributions vested 100% after 5 years

Alaska Supplemental Annuity Plan In lieu of Social Security

Employee-funded Health Flexible Spending Account (pre-taxed)

Benefits (click here for more information)

Personal leave program starts at 21 days per year. Leave is accrued each pay period at a rate of 6:03 hours per pay period with increases to accrual rates at 2 yr, 5yr, 10 yr, 15yrs employment milestones.  

12 Paid Holidays per year

Flexible work hours based on positional needs

Generous professional development opportunities

Free parking

Relocation assistance may be provided

Modern Headquarters located in beautiful location

Salary : $100,000 - $125,000