Senior Analyst - Emerging Market Debt

We are seeking to recruit an EM Senior Credit Analyst to join our Global Credit Research team.

The Global Credit Research team underpins the firm's global investment process and value proposition as an active manager. The team’s analysts work closely with the portfolio managers of the Global Fixed Income platform with a common focus on performance and client satisfaction. Analysts support all pillars of expertise for portfolio managers to draw upon and share a globally integrated set of research expertise and insights. The team also includes resources focused on advancing our pioneering ESG and sustainability capabilities onto our Fixed Income platform.

The role will focus on Latam issuers. The successful candidate will join the Global Credit research team and will work closely with portfolio managers predominantly located in Allianz GI’s European locations - in particular, the Emerging Market debt team - as well as with the other credit analysts based in the US, Europe and in Asia.

The role will be based in our London office.

What you do

• Identify and assess investment opportunities; analytical responsibility for c. 50 issuers
• Utilize an analytical approach emphasizing financial modeling and company due diligence to determine investment opportunities:

• Forecast company earnings, cash flow generation and capital requirements under various scenarios using in-house financial models
• Incorporate macroeconomic conditions, industry trends, and ESG analysis into opinions
• Evaluate company capital structures and perform recovery analysis to determine optimal risk-adjusted return opportunities
• Review security covenants and bond indentures to examine potential risks to security holders

• Assign internal ratings
• Participate in credit committees and portfolio management meetings
• Strategize with portfolio managers on positioning for portfolios across sectors and capital structures to maximize returns
• Contribute to marketing efforts for various strategies with clients.

What you bring

• Minimum 7 years’ experience in credit analysis on the buy-side or sell-side
• Fluent in written and spoken English
• Diligent, with excellent attention to detail and strong analytical skills
• Brings a high level of autonomy and natural curiosity, with the ability to respond quickly and thoughtfully in a fast‑moving environment
• Thrives as a collaborative team player, building strong, positive working relationships across the business and contributing to a supportive, high‑performance culture
• Strong verbal and written communication skills
• Bloomberg knowledge and software/programming skills (ideally VBA, SQL, Python)
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices
• CFA is a plus.

What we offer

• We empower our employees by ensuring flexible work arrangements that maintain a balance between performance, productivity, career development, and personal priorities (e.g., hybrid model/flexible working hours)
• Securing your future: Access to company pension/savings plans
• Shared success: Company share purchasing plan
• Support for what matters: Mental health and wellbeing programs
• Investments in your career: Career opportunities within the entire Allianz Group
• Investments in your skills: Comprehensive learning and development offerings, including certifications and professional qualifications
• … and so much more!

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager, managing assets for individuals, families, and institutions worldwide. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives.  

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.   

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.  

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.  

If you feel inspired to promote the active asset management experience, this is the place for you. Join our international, technology-enabled, and agile environment. Simply upload your CV in English to apply for this position.  If you need support to navigate our websites or at any stage during your application, please send an email with your request to recruiting@allianzgi.com  

To Recruitment Agencies

Allianz Global Investors has an in-house recruitment team that sources great candidates directly. Therefore, Allianz Global Investors does not accept unsolicited resumes from agency or search firm recruiters.  

When we do work with recruitment agencies, that engagement is formalized by a contract. Fees will only be paid when there is a contract in place.  

Without a contract in place, we will not accept invoices on unsolicited resumes, even if the candidate was ultimately employed by Allianz Global Investors.  

Finally, please do not contact hiring managers directly. 

Join us. Let’s care for tomorrow.

93451 | Asset & Investment Management | Professional | n.a. | Allianz Global Investors | Full-Time | Permanent