Emerging Markets Sovereign Analyst – Latin America

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference.  We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us. POSITION PURPOSE The Emerging Markets Sovereign Analyst is responsible for the coverage of a mix of Latin and Central American economies at a macro level. The Analyst will conduct investment-oriented research for the Emerging Markets and Global Fixed Income teams. The Analyst’s objective is to provide thought leadership and generate strong, risk-adjusted investment returns in sovereign debt, local rates, and currencies for countries under coverage. Principal Responsibilities Conduct fundamental research of the key drivers of each sovereign nation’s fixed income securities and currency. Develop well-researched short and long-term views, resulting in the assignment of TRP credit ratings and actionable investment recommendations. Develop frameworks and models to analyze key macro and financial variables. Identify potential spillovers between markets, sources of vulnerability and/or strength in country-level balance sheets and flows, and evaluate external factors (including market technicals) that contribute to the issuer’s fundamental credit profile and asset price/investment performance. Produce and communicate regular forecasts of fixed income and currency performance. Also develop and apply relative value metrics, seeking investments that generate above-average risk-adjusted returns. Partner with the Emerging Markets Corporate Analysts on coverage of Quasi-Sovereign entities, which are meaningfully government-owned and have strong government linkage. More generally, also collaborate with the Corporate Analyst, Equity Analyst, and Responsible Investment Analyst teams to collectively generate more informed investment views, factoring in both macro, micro, and ESG considerations. Maintain solid relationships with government officials, local analysts, rating agencies, sell-side analysts, and other TRP investment professionals, including Fixed Income and Equity analysts. Assimilate and filter various sources of information to develop a long term, well-researched investment thesis. Communicate investment recommendations orally and in writing across the investment platform to Portfolio Managers, other TRP analysts, traders, internal committees, and external clients. PERSONAL ATTRIBUTES / SKILLS / QUALIFICATIONS Required: Bachelor’s degree; master’s degree and/or CFA preferred 3-7 years of macroeconomic, financial market, investment, and/or public policy experience gained on the buy-side, sell-side, or in the public/official sector Good understanding of macroeconomic and financial market analysis; some experiencing using econometrics would be a plus Some experience or willingness to develop skills in developing sovereign credit ratings and evaluating the fundamentals of sovereign debt, local rates, and currencies Some experience or willingness to develop skills in analyzing and investing in various fixed income securities (hard currency and local currency denominated bonds), derivatives (interest rate swaps, credit default swaps), and currencies (spot and forwards) Strong intellectual curiosity, inquisitive nature, driven to excel in all aspects of the analytical process Proactive, responsive, and flexible personality with keen attention to detail Sound judgment and ability to make good decisions under pressure Embraces collaboration and keen to engage across the investment platform Willingness to pursue and explore ideas and potential investment opportunities, supporting one’s ideas to questioning by Portfolio Managers, other analysts and traders Strong communication skills, written and verbal Regional language skills a strong plus though not required FINRA Requirements FINRA licenses are not required and will not be supported for this role. Work Flexibility This role is eligible for remote work up to two days a week. FIRM OVERVIEW T. Rowe Price (NASDAQ: TROW) is an independent investment management firm helping institutional and individual investors worldwide reach their long-term goals. Managing $1.39 trillion in assets under management (as of November 2023) - and offices in 16 countries worldwide, the firm's sole focus is investment management and related services. Headquartered from Baltimore, T. Rowe Price employs over 7,800 associates worldwide, including over 800 investment professionals. We are committed to attracting, developing and retaining talented and diverse employees that help us create value for our clients. For more information about the Firm, please visit http://www.troweprice.com or www.troweprice.com/institutional Commitment to Diversity, Equity, and Inclusion: We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day. Benefits: We invest in our people through a wide range of programs and benefits, including: Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions Flexible and remote work opportunities Health care benefits (medical, dental, vision) Tuition assistance Wellness programs (fitness reimbursement, Employee Assistance Program) Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law. T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term. Not ready to apply? Join our Talent Community!