Who Is Western Asset
Western Asset Management focuses on supporting our clients’ financial goals and creating positive outcomes for all kinds of people. Primarily a globally integrated fixed-income manager, we source ideas and investment solutions worldwide, with an emphasis on long-term fundamental value investing, using multiple diversified strategies.
The Risk Analyst/Manager will participate in and oversee risk management of a broad range of fixed income strategies. The risk analyst/manager’s primary responsibility lies in performing in-depth analysis and developing quantitative risk models to independently identify, measure, assess, and ultimately control investment risk in a broad array of strategies including: Money Market Fund/Liquidity, Municipal, Mortgage Backed Securities/Structured Products, Emerging Markets, Investment Grade and High Yield corporate credit. This role may can be a Risk Manager or Risk Analyst depending on the skillset of the candidate.
What You Will Do
- Design and develop quantitative risk models to measure and quantify risk in fixed income portfolios.
- Perform stress testing and scenario analysis to assess tail risks.
- Ensure fixed income analytics – duration, spread duration, weighted-average life, etc. are accurate.
- Perform P&L attribution and identify ex-post sources of risk and return.
- Conduct periodic risk reviews with the relevant investment teams.
- Work with investment management teams to incorporate risk analysis in their investment strategies.
- Respond to questions/requests from client services, investment management, risk management, and external clients on risk and quantitative issues.
- Represent Western Asset and the Risk team in client meetings and external forums.
Where analytical ability comes first
Bring us exceptional quantitative reasoning and analytical skills and we’ll create a role to suit you. While knowledge of finance is welcome, the ability to gather, manage and interrogate data is what really counts. This is a highly collaborative, collegiate department where self-motivation is vital, and shared problem-solving and learning is supported. We encourage initiative and innovation when it comes to developing new systems and methodologies to improve our risk management. At the same time, we depend on building strong relationships with other teams, and value a diplomatic approach to addressing issues around portfolio performance and risk.
What You Will Bring
- A PhD or master’s in a quantitative field such as Econometrics, Finance or the Physical Sciences, as well as 3-7 years of relevant work experience.
- Working knowledge and experience analyzing fixed income instruments and strategies with an emphasis on Money Market Fund/Liquidity, Municipal, Mortgage Backed Securities/ Structured Products, Emerging Market, Corporate Credit, either through work as a quantitative analyst or trader.
- Strong empirical, analytic and technical skills.
- Familiarity with third party analytic and risk systems such as Yield Book, Bloomberg PORT, Aladdin, etc.
- Demonstrated technical acumen with MS Excel/VBA, SQL, SAS, Python, R, or other software applications/languages.
- Strong verbal and written communication skills.
- Knowledge and experience in Machine Learning a plus.
Expected base salary for the role will generally be between $138,000 - $173,300 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include other forms of compensation such as, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
About Western Asset
At Western Asset we’re saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we’re investing in new technologies, methodologies and markets. We’re also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. We’re building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring.
Our Commitment to Diversity
We believe a diverse and cohesive workforce promotes the formation of different ideas and viewpoints, enhances independent thinking, and helps create a work environment where the best ideas are identified and implemented. We are committed to unlocking the power of diversity through an inclusive environment that affords everyone the opportunity to develop individually, advance professionally and participate fully in the Firm’s success.
EQUAL EMPLOYMENT OPPORTUNITY ("EEO")
Western Asset Management is an Equal Opportunity/AffirmativeAction Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, marital status, medical condition (including pregnancy and related conditions), physical or mental disability, protected veteran status, and/or any other characteristic protected by law.
Link to Equal Employment Opportunity Statement
Link to Pay Transparency Notice
Link to Equal Employment Opportunity Poster
Link to Equal Employment Opportunity Poster Supplement
Link to Vietnam Era Veterans Readjustment Assistance Act
Join our talent pool
We’re always on the look-out for creative, curious, collaborative, and entrepreneurial individuals. Even if you don’t see any current opportunities that match your skills, we’d still like to hear from you. Sign up for our Talent Pool and we’ll get in touch when something suitable comes up.
Register today and build your own searchable profile ready for our hiring managers to view. All you need is a few basic details and an up-to-date copy of your resume ready to upload. We support .rtf, .docx, .doc, .txt and .pdf files, provided they are smaller than 2MB.
