Emerging Markets Corporate Credit Research Analyst

TCW is seeking an Emerging Markets (EM) Corporate Credit Research Analyst to join its EM Fixed Income team. The analyst will be responsible for fundamental, bottomup credit research across EM corporates globally and will work closely with portfolio managers and traders to identify relativevalue opportunities across dedicated EM and global mandates (including cross asset strategies).

Role is onsite in Los Angeles, CA or New York, NY
• Periodic travel for issuer meetings, conferences, and diligence

• Conduct bottomup fundamental credit research across EM corporates in Latin America, CEEMEA, and Asia, incorporating business risk, financial performance, leverage, liquidity, ESG considerations, country risk, FX exposure, and relevant macro factors
• Build, maintain, and update detailed financial models to assess credit strength, debt service capacity, capital structure robustness, and growth sustainability
• Analyze debt structures, covenants, security packages, and recovery prospects across investment grade, high yield, and distressed securities in both primary and secondary markets
• Identify and communicate relativevalue investment ideas across USD and localcurrency bonds, including structured and project finance transactions
• Prepare and present written research reports, credit updates, and investment recommendations to portfolio managers and internal stakeholders, and participate in management meetings and diligence calls

Sector Coverage

• Prior experience covering oil & gas and/or consumer sectors is preferred but not required
• Flexibility to support broader sector coverage as portfolio needs evolve

• Minimum 4 years of experience in emerging markets corporate credit research (buy side or sell side)
• Strong financial statement analysis and financial modeling skills
• Bachelor's degree.

• Multilingual capabilities strongly preferred
• Excellent written and verbal communication skills with a clear investment mindset

MBA and/or CFA preferred

This role requires candidates to work from a TCW office five days a week.

Estimated Compensation:

Base Salary: For CA/NY based position, the base salary range is $150k-$175k. This represents base salary range only.

Other Compensation and Benefits: In addition to base salary, employees are eligible for a discretionary bonus and a comprehensive benefits package designed to support you and your family, invest in your health and wellbeing, and help build long-term financial security. Benefits include medical, dental, and vision coverage, retirement benefits, and paid time off. These benefits reflect our commitment to supporting the health, wellbeing, and long-term financial security of our employees and their families.

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