Debt Market Analyst

New Mexico State Investment Council; Santa Fe (NM); On-site; USD 95,000 - 135,000; Full time

Benefits offered by this job

Healthcare coverage

PERA retirement program

Professional development (CFA/CAIA)

Job summary

The New Mexico State Investment Council (NMSIC) is seeking a Debt Markets Analyst to support oversight, evaluation, and management of fixed income and credit portfolios, including analytics, research, and performance monitoring. The role collaborates across finance, operations, and risk teams in Santa Fe, NM.

The ideal candidate has a finance-related degree and 2–5 years of credit analysis or fixed income research, with strong Excel skills and familiarity with market data platforms.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, or related field.
• 2–5 years of credit analysis, fixed income research, or related experience.
• Proficiency in Excel; familiarity with Bloomberg or FactSet preferred.
• Strong analytical skills and attention to detail.
• Ability to communicate complex financial information clearly.

Responsibilities

• Assist in monitoring and evaluating external fixed income and credit managers.
• Conduct research on interest rates, credit markets, and macroeconomic trends.
• Build financial models and perform yield, spread, scenario, and risk analyses.
• Review performance attribution, portfolio characteristics, exposures, and guidelines.
• Support due diligence for new fixed income or credit investment opportunities.
• Analyze cash flows, capital calls, distributions, and valuation updates.
• Prepare investment memos, presentations, and performance summaries.
• Collaborate with operations, legal, and accounting teams for reporting accuracy.
• Monitor regulatory and market developments affecting debt markets.
• Assist in asset allocation, liquidity planning, and risk reporting.
• Maintain records, research files, and monitoring tools.

Skills

Analytical skills

Attention to detail

Communication

Education

Bachelor's degree in Finance/Economics/Accounting/related field

Tools

Excel

Bloomberg

FactSet

Job description

Location: Santa Fe, NM

Employment Type: Full-Time, Exempt

Salary Range: $95,000–$135,000

About Us

The New Mexico State Investment Council (NMSIC) is one of the largest sovereign wealth funds in the United States and operates with a collaborative team of approximately 30 professionals. The Council provides funding for K–12 and early childhood education and is projected to become the state’s largest revenue source by 2039. NMSIC invests globally across public and private markets—including fixed income, credit, and debt‑related strategies—to generate strong long‑term returns.

Position Overview

NMSIC is seeking a detail‑oriented, analytical Debt Markets Analyst to support the oversight, evaluation, and management of the Council’s fixed income and credit portfolios. This role contributes to analytics, research, manager evaluations, and performance monitoring across a broad range of debt strategies.

Primary Responsibilities

• Assist in monitoring and evaluating external fixed income and credit managers
• Conduct research on interest rates, credit markets, and macroeconomic trends
• Build financial models and perform yield, spread, scenario, and risk analyses
• Review performance attribution, portfolio characteristics, exposures, and guidelines
• Support due diligence for new fixed income or credit investment opportunities
• Analyze cash flows, capital calls, distributions, and valuation updates
• Prepare investment memos, presentations, and performance summaries
• Collaborate with operations, legal, and accounting teams for reporting accuracy
• Monitor regulatory and market developments affecting debt markets
• Assist in asset allocation, liquidity planning, and risk reporting
• Maintain records, research files, and monitoring tools

Minimum Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, or related field
• 2–5 years of credit analysis, fixed income research, or related experience
• Understanding of fixed income instruments, credit fundamentals, and interest rates
• Proficiency in Excel; familiarity with Bloomberg or FactSet preferred
• Strong analytical skills and attention to detail
• Ability to communicate complex financial information clearly
• Ability to handle confidential financial information

Preferred Attributes

• Progress toward CFA or CAIA designation
• Experience with institutional fixed income portfolios or credit due diligence
• Knowledge of private credit, structured products, or emerging markets debt
• Familiarity with macroeconomic policy frameworks
• Experience working with institutional investors or consultants
• Professionalism and alignment with NMSIC’s mission

What We Offer

• Competitive salary and comprehensive benefits package
• Paid holidays, generous PTO, and healthcare coverage
• Participation in the New Mexico PERA retirement program
• Professional development opportunities, including CFA/CAIA support
• Opportunity to contribute to New Mexico’s long‑term financial future

The New Mexico State Investment Council is an equal opportunity employer. We are committed to creating a diverse and inclusive workplace and encourage applications from all qualified individuals regardless of race, color, religion, sex, national origin, age, disability, veteran status, or any other protected status.