Emerging Markets Debt Strategist


Emerging Markets Debt Strategist

Business Area: Fixed Income and Treasury

Place of Work: London

Contract Type: Permanent

Hours: Full Time

The Universities Superannuation Scheme (USS) has circa 396,000 members, and over £60 billion in assets, we’re one of the largest private pension schemes in the UK and in the top 50 worldwide. Established in 1974, we’re entrusted by over 350 higher education sector employers to manage and administer the pension scheme and its investments through our two companies, Universities Superannuation Scheme Limited and USS Investment Management Limited.
Our purpose
Working with Higher Education employers to build a secure financial future for our members and their families.


The role
To make a leading subjective decision making and strategic contribution on both Hard Currency (HC) and Local Currency (LC) EMD portfolios (including LC Inflation Linked (EMIL)).

To complement existing successful systematic strategies that include: HC risk on/risk off beta management, HC index sampling and tilting, LC EMFX overlays, LC cross country allocation, LC EMIL allocation.

Work alongside the Investment Strategy and Advice (ISA) and Risk team to improve the integration of EMD assets in the Asset allocation and Risk management frameworks.
Key responsibilities
Delivering Results
• Enhancing existing EMD systematic strategies by adding a subjective decision making skillset.
• Efficient Portfolio construction and implementation.
• Strategic decision making that delivers more positive skew & higher kurtosis = downside protection, compared to index returns.
• Design and apply improvements to the investment processes and have a full understanding of all the investment mandate(s) constraints and controls.
• Contribute towards attaining best execution results.
• Thorough understanding of the company-wide day-to-day controls.
• Assist in Operational, Risk management and Strategic queries. Coordinate closely with Operations and Middle Office teams.
Managing Resources
• Source investment opportunities and leverage external resources for the scheme
Managing Relationships
• Develop close relationships with both Internal and External EM Managers, Strategists and Research
• Contribute to managing the external EMD manager relationships.
• Internal key relationships are other peers across FIT, PAIR (Performance and Investment Risk), Investment Strategy & Advice (ISA), Manager Selection and Global Emerging Markets (GEMS Equity).
• Aim to collaborate/ share expertise across the various teams to maximise benefit to USSIM.
Managing Processes and Future Focus
• Develop and implement investment process
Your experience
• Portfolio management / Risk modelling techniques
• Proficient in Excel and Bloomberg
• Work well in a small team
• Attention to detail
• Clear communication
• Knowledge (experience preferable) of capital controls, debt reprofiling/renegotiations/default.

• Good writing ability (synthesise complex ideas into concise reports)
USSIM is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We recognise the diverse lifestyles and priorities of our employees and have reflected this in in the company’s Flexible Working Framework, which, wherever possible, supports employees to find a balance that works for them whilst ensuring we always put our members’ interests first.

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