Senior Emerging Markets (EM) Corporate Credit Analyst

Vanguard is seeking aSenior Emerging Markets (EM) Corporate Credit Analystto join its marketleading active fixedincome platform. This is a senior opportunity to help expand one of the fastestgrowing areas of Vanguards active business contributing to dedicated EM strategies as well as EM allocations within broader multisector portfolios. The role will also support future product development as Vanguard continues to broaden its active EM fixed income capabilities.

Based at Vanguards global headquarters in Malvern PA the role partners closely with EM portfolio managers traders and global research peers to deliver actionable investment insights across EM corporate credit. Coverage issectordrivenand global with primary responsibility forenergy metals & mining and petrochemicals rather than regional country assignments. The position reports to the Head of Emerging Markets Fixed Income Research.

You will take senior responsibility for sectorled EM corporate credit research directly influencing relative value views issuer selection capital structure positioning and portfolio construction across both dedicated EM and multisector strategies.

The role

This position requires deep EMcorporate credit expertise and a proven ability to translate fundamental research into investment decisions. You will analyze issuer balance sheets business models and capital structures with a strong grasp of how commodity cycles cost curves regulation and geopolitics affect credit outcomes. Success in this role depends on generating differentiated insightsidentifyingmispriced risk and communicating conviction clearly in fastmoving markets.

In this role you will:

• Develop and implement investment recommendations for EM corporate issuers globally within energy metals & mining and petrochemicals.

• Conduct fundamental credit research including financial modeling scenario and stress analysis and written investment opinions.

• Assess relative value across issuers subsectors and capital structures incorporating EM sovereign risk developedmarket comparables and global IG/HY markets.

• Monitor commodity price dynamics regulatory and fiscal frameworks and geopolitical risks translating these into issuerlevel credit implications.

• Contribute to the evolution of Vanguards EM corporate credit investment process supporting both tactical positioning and longerterm strategy.

• Build andmaintainrelationships with company management teams industry experts and sellside analysts.

• Partner with sovereign analysts and global credit teams providing EM corporate sectorexpertiseacross the platform.

• Support client marketing and product initiatives including investment commentary and thoughtleadership.

What it takes:

• 8 years of experience in EM corporate credit research with sectorexpertisein energy metals & mining and/or petrochemicals.

• Strongtrack recordof generating and implementing relativevalue investment ideas in EM corporate debt.

• Deep understanding of capital structures covenants liquidity risk and downside protection.

• Ability to communicate investment theses and risks clearly and succinctly to portfolio managers across regions.

• Solid understanding of portfolio construction within active fixed income.

• Undergraduate degree in finance economics accounting or a related field; graduate degree and/or CFAstronglypreferred.

• Relevant language skillsa plus.