Asset Backed Strategies Analyst

Asset Backed Strategies Analyst at D. E. Shaw India Private Limited

The D. E. Shaw group is a global investment and technology development firm with more than $65 billion in investment capital as of March 1, 2025, and offices in North America, Europe, and Asia. Since our founding in 1988, our firm has earned an international reputation for successful investing based on innovation, careful risk management, and the quality and depth of our staff. We have a significant presence in the world's capital markets, investing in a wide range of companies and financial instruments in both developed and developing economies.

We are looking for a candidate to join our Asset Backed Strategies (ABS) team within our Financial Research group based in Bengaluru and Hyderabad, with a focus on liquid credit/collateralized loan obligations. The group works closely with the Global ABS front office to provide in-depth analytical support to the investment research and decision-making processes of the firm’s proprietary investment activity in the ABS markets.

What You'll Do Day-to-Day

• Support senior analysts in India and the front office in researching and analyzing US and European credit markets, with emphasis on CLOs and credit derivatives.
• Perform sector and thematic research, monitor market developments, and evaluate single-name credit opportunities in liquid credit markets.
• Provide macroeconomic updates, quantitative analyses, and data-driven insights to the trading desk.
• Analyze CLO structures, including tranche performance, collateral quality, and cash flow behavior using bespoke and vendor models.
• Conduct credit analysis of CLOs in both primary and secondary markets, interpret deal documentation, and assess covenant implications.
• Monitor and evaluate existing CLO and credit derivative portfolios to deliver timely recommendations based on performance and market events.
• Work extensively with large datasets, research tools, and vendor platforms to generate research outputs and enhance portfolio surveillance.

Who We’re Looking For

Basic Qualifications

• A degree in finance or equivalent (Master of Business Administration/Chartered Financial Analyst) along with 1 to 3 years of experience.
• Solid knowledge of fixed income research, with expertise in either structured credit / credit derivatives or the corporate credit / CLO space.
• Excellent technical abilities in Python and SQL.
• Proven track record of analyzing complex datasets and applying statistical models to derive insights.
• Experience with working independently as well as collaboratively within a team.

Preferred Qualifications

• Experience working with a fixed income strategy, either sell side or buy side.

Key skills/competency

• Fixed Income Research
• Structured Credit
• Collateralized Loan Obligations (CLOs)
• Credit Derivatives
• Python
• SQL
• Data Analysis
• Quantitative Analysis
• Portfolio Surveillance
• Market Research