Morningstar Logo

Morningstar

Analyst, Fixed Income & Currency Research

Posted 9 Days Ago
Be an Early Applicant
Hybrid
London, Greater London, England
Junior
Hybrid
London, Greater London, England
Junior
The Analyst will support fixed income and currency research, maintaining quantitative outputs, collaborating with senior researchers, and evaluating fair value assumptions.
The summary above was generated by AI

The Group:
Research & Investments creates compelling insights and effective investment solutions to empower investor success. We honor time-tested investment principles and consistently apply robust methodologies to earn and protect trust. We thoughtfully deploy our key asset, our people, to scale and deliver more value to more investors. This diverse group comprises Morningstar's Equity, Manager, and Multi-Asset Research teams in addition to our Behavioral Insights and Investment Management teams.
The Role:
The Multi-Asset Research Team is seeking an experienced Analyst to contribute to fixed income and currency research, reporting to the Head of Fixed Income and Currency Research. This role demands a strong grasp of macroeconomic trends, interest rate movements, fixed income markets, and currency dynamics, with a particular focus on non-U.S. developed, select emerging markets and global credit assets. The ideal candidate will collaborate closely with senior researchers, economists, and portfolio managers to deliver top-tier fixed income and currency research, ultimately enhancing investment outcomes for clients.
Responsibilities:

  • Support the production of fixed income and currency-related capital market research deliverables, including strategic capital market assumptions and shorter-term, valuation-driven research.
  • Maintain the monthly production of quantitative outputs from proprietary fixed income and currency valuation models.
  • Collaborate with other analysts and directors to produce annual quantitative deliverables for internal clients.
  • Lead or support the evaluation of fair value assumptions for key fixed income and asset classes, focusing on non-U.S. developed and select emerging markets.
  • Contribute to fixed income methodology improvements to sustain Morningstar's research excellence.
  • Monitor market trends, economic indicators, and central bank policies that impact global bond markets and currency movements.
  • Enhance research robustness by producing additional analyses, including scenario analysis, backtesting, economic regime analysis, etc.
  • Collaborate with economists and the capital market assumptions team to produce country-specific economic research.


Requirements:

  • Minimum 2+ years in fixed income research within an asset management firm or sell-side research organization in the financial industry.
  • Prior experience focused on fundamental, valuation-driven fixed income and currency research, either in a dedicated research capacity or as part of an investment management team.
  • Exposure to fixed income and currency research within a multi-asset framework is strongly preferred.
  • Strong understanding of global fixed income markets, including government bonds, securitized assets, corporate debt, and emerging market bonds.
  • Solid foundation in macroeconomic analysis, monetary policy, and currency market dynamics.
  • Proven ability to articulate complex market insights in a clear, concise, and actionable manner.
  • Demonstrated ability in producing well-crafted research reports and presentations.
  • Strong quantitative skills with proficiency in financial software and research tools, such as Bloomberg, Morningstar Direct, Macrobond, SQL, and VBA.
  • CFA Charterholder designation is strongly preferred.


Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We've found that we're at our best when we're purposely together on a regular basis, at least three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
002_MstarAssocLLC Morningstar Investment Management LLC Legal Entity

Top Skills

Bloomberg
Macrobond
Morningstar Direct
SQL
VBA

Similar Jobs at Morningstar

3 Days Ago
Hybrid
London, Greater London, England, GBR
Junior
Junior
Enterprise Web • Fintech • Financial Services
The Analyst will assist in assigning ratings for European RMBS and Covered Bonds, conducting credit analysis, drafting reports, and collaborating with teams. Requires a strong analytical mindset and teamwork skills.
Top Skills: ExcelPythonVBA
13 Days Ago
Hybrid
London, Greater London, England, GBR
Mid level
Mid level
Enterprise Web • Fintech • Financial Services
As a Data Scientist, you'll analyze large datasets, develop AI-driven applications, and enhance investment management with machine learning solutions. You'll also publish research to guide AI adoption across the organization.
Top Skills: Ai AgentsAutogenLangchainLanggraphLarge Language ModelsNlpPrompt EngineeringPythonRagSQLVector Databases
Yesterday
Hybrid
London, Greater London, England, GBR
Senior level
Senior level
Enterprise Web • Fintech • Financial Services
Lead product marketing strategies for Sustainalytics, developing go-to-market strategies, managing a product marketing team, and driving measurable growth through client-centric campaigns.
Top Skills: Digital Demand GenerationMarketing StrategiesSales Enablement Systems

What you need to know about the Belfast Tech Scene

If asked to name the birthplace of the RMS Titanic, you might not say Belfast. Similarly, if asked to name Europe's leading destination for foreign direct investment in new software development, Belfast might not come to mind. Yet, both are true. The city has emerged as a tech powerhouse, recently ranked among the best in the U.K. for tech careers — especially for software developers. It also leads the U.K. with the highest percentage of software development jobs advertised.

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account