Credit Analyst, Emerging Market Corporate Debt

Ninety One; Riyadh; On-site; SAR 360,000 - 624,000; Full time

Job summary

Ninety One is seeking an Analyst to join its Emerging Market Corporate Debt team in Saudi Arabia. You will conduct bottom-up credit research on financial institutions and corporates across the region, generating differentiated investment ideas and communicating actionable recommendations to portfolio managers.

The role involves contributing to top-down analysis, monitoring issuer performance, and supporting the development of proprietary research tools.

Qualifications

• 4+ years of experience in fixed income, credit research, or investment analysis.
• Strong understanding of financial institutions and corporate credit fundamentals.
• Familiarity with emerging markets and knowledge of Saudi Arabia and the GCC region.
• Bachelor's degree in Finance, Economics, or Accounting; CFA qualification is advantageous.
• Excellent analytical and communication skills with strong attention to detail.
• Fluency in English; Arabic language skills are required.

Responsibilities

• Conduct independent, bottom-up credit research on financial institutions and corporates across Saudi Arabia and other emerging markets.
• Generate differentiated investment ideas with the objective of outperforming benchmarks.
• Formulate and communicate clear investment recommendations to portfolio managers.
• Contribute to top-down analysis to support country, sector, and risk positioning.
• Monitor and evaluate the performance of issuers and adjust recommendations as needed.
• Analyse financial statements, credit metrics, and qualitative factors to assess issuer fundamentals and sustainability.
• Incorporate macroeconomic and market insights into investment analysis.
• Assist in the development and enhancement of proprietary research tools and databases.
• Prepare written research, internal and client reporting, and support investment presentations.
• Participate in investment meetings and contribute to ongoing improvement across research processes.

Skills

Fixed income

Credit research

Investment analysis

Financial institutions

Corporate credit fundamentals

Emerging markets

Saudi Arabia knowledge

GCC region knowledge

English fluency

Analytical skills

Communication skills

Attention to detail

Intellectual curiosity

Education

Finance

Economics

Accounting

CFA qualification advantageous

Job description

Ninety One is an independent, active global asset manager with $226.5 billion* of assets under management.

Established in South Africa in 1991, as Investec Asset Management, the firm started offering domestic investments in an emerging market. In 2020, almost three decades of organic growth later, the firm demerged from Investec Group and became Ninety One.

Our distinctive capabilities sit within differentiated fixed income and credit as well as specialist equities, and we have a unique perspective and approach to investment opportunities presented by emerging markets and the energy transition.

About our EM Corporate Debt team:

Ninety One’s Emerging Market Corporate Debt team is a global investment capability focused on delivering differentiated credit outcomes across the EM universe. With a strong track record and deep local knowledge, the team blends rigorous bottom-up credit research with top-down market insights to identify compelling investment opportunities.

This role is based in Saudi Arabia and provides a unique opportunity to work closely with the Chief Investment Officer of Ninety One’s Saudi entity, while being an integrated part of the global Emerging Market Corporate Credit platform. The team operates in a collaborative and intellectually curious environment, with a strong focus on innovation, client outcomes, and continuous learning. We are looking for individuals to grow and contribute to the build out of the local entity and dedicated regional strategies over time.

As an Analyst, you will:

• Conduct independent, bottom-up credit research on financial institutions and corporates across Saudi Arabia and other emerging markets
• Generate differentiated investment ideas with the objective of outperforming benchmarks
• Formulate and communicate clear investment recommendations to portfolio managers
• Contribute to top-down analysis to support country, sector, and risk positioning
• Monitor and evaluate the performance of issuers and adjust recommendations as needed
• Analyse financial statements, credit metrics, and qualitative factors to assess issuer fundamentals and sustainability
• Incorporate macroeconomic and market insights into investment analysis
• Assist in the development and enhancement of proprietary research tools and databases
• Prepare written research, internal and client reporting, and support investment presentations
• Participate in investment meetings and contribute to ongoing improvement across research processes

You should consider applying if you have:

• 4+ years of experience in fixed income, credit research, or investment analysis, ideally gained within asset management, investment banking, or a credit rating agency
• A strong understanding of financial institutions and corporate credit fundamentals
• Familiarity with emerging markets, with knowledge of Saudi Arabia and/or the GCC region
• A degree in Finance, Economics, Accounting, or a related field; progress toward or completion of the CFA qualification is advantageous
• Excellent analytical and communication skills, with strong attention to detail
• Intellectual curiosity and a desire to continuously improve
• Fluency in English; Arabic language skills are required

Some of the attributes we look for in a person are:

• A strong belief in doing the right thing
• High conviction and be comfortable sharing opinions
• Ability to analyse, interpret and assimilate information
• A curiosity about technology and its potential to drive innovation