Analyst – Asset Backed Strategies (CLO and Credit Derivatives) - Financial Research

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:

In this role, you will support the senior analysts in India and the front office in researching and analyzing US and European credit markets, with emphasis on CLOs and credit derivatives. You will perform sector and thematic research and monitor market developments, as well as evaluate single-name credit opportunities in liquid credit markets. You will provide macroeconomic updates, quantitative analyses, and data-driven insights to the trading desk. You will also analyze CLO structures, including tranche performance, collateral quality, and cash flow behavior using bespoke and vendor models. Additionally, you will conduct credit analysis of CLOs in both primary and secondary markets, interpret deal documentation, and assess covenant implications. You will monitor and evaluate existing CLO and credit derivative portfolios to deliver timely recommendations based on performance and market events. Finally, you will 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
  
  

Interested candidates can apply through our website:

https://www.deshawindia.com/recruit/jobs/Adv/Link/AnlAsBackCLOJul25

We encourage candidates with relevant experience looking to restart their careers after a break to apply for this position. Learn about Recommence, our gender-neutral return-to-work initiative.

The Firm offers excellent benefits, a casual, collegial working environment, and an attractive compensation package. For further information about our recruitment process, including how applicant data will be processed, please visit https://www.deshawindia.com/careers

Members of the D. E. Shaw group do not discriminate in employment matters on the basis of sex, race, colour, caste, creed, religion, pregnancy, national origin, age, military service eligibility, veteran status, sexual orientation, marital status, disability, or any other protected class.