Tactical Asset Allocation Strategist – Fixed Income

T. Rowe Price; Baltimore (MD); Hybrid; USD 175,000 - 275,000; Full time

Benefits offered by this job

Annual bonus eligibility

Hybrid work schedule

Health and wellness benefits

Paid time off

Retirement plan

Competitive compensation

Job summary

T. Rowe Price is seeking a seasoned TAA Strategist – Fixed Income to generate actionable insights across global fixed income markets. You will lead top-down research, develop tactical views, and communicate recommendations to portfolio managers and clients.

The role emphasizes collaboration with analysts, PMs, and traders in a hybrid work setting. Ideal candidates bring 10+ years in multi-asset or fixed income investing, strong quantitative skills, and the ability to present clear investment

Qualifications

• Bachelor’s degree or equivalent education/experience.
• 10+ years in multi-asset investing, tactical asset allocation or fixed income.
• Strong experience in fixed income research, strategy, or portfolio management.
• Deep understanding of global fixed income, macro/credit fundamentals.
• Ability to generate differentiated investment ideas and actionable recommendations.
• Strong analytical and quantitative capabilities with market data/tools.
• Excellent written and verbal communication; able to defend views.

Responsibilities

• Develop tactical investment recommendations across global fixed income markets.
• Lead research using Macro, Fundamentals, Valuation and Sentiment framework.
• Translate research into overweight/neutral/underweight with rationale and risks.
• Monitor market developments and reassess as conditions evolve.
• Harness research platforms and collaborate across teams to uncover insights.
• Develop indicators, dashboards, and tools for monitoring markets.
• Collaborate with quantitative research to incorporate signals and models.
• Present recommendations to portfolio managers and committees.

Skills

Fixed income research

Tactical asset allocation

Quantitative capabilities

Portfolio management

Communication skills

Collaboration

Analytical thinking

Education

Bachelor’s degree

CFA designation

Tools

AI-enabled research tools

Job description

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

Role Summary

The Tactical Asset Allocation (TAA) Strategist – Fixed Income generates differentiated insights and actionable tactical recommendations across global fixed income markets for T. Rowe Price’s Multi-Asset portfolios. The Tactical Asset Allocation Team consists of investment professionals with dedicated coverage of U.S. equities, non-U.S. equities, and global fixed income.

The Strategist uses top-down research to identify opportunities for implementation across Multi-Asset portfolios. The role has two primary objectives: generating trade ideas and producing high-value content for internal and external partners. Success is measured by the alpha contribution of ideas implemented through TAA processes and the value of insights delivered to clients and internal stakeholders.

This role requires a proactive approach to strengthening tactical asset allocation outcomes, including ownership of the underlying framework and accountability for results. The Strategist should bring strong analytical skills and a proven asset allocation track record, build trusted relationships across T. Rowe Price’s investment divisions, and serve as a recognized fixed income expert within the firm. The role also involves engagement with clients, sell-side research firms, and industry peers.

Responsibilities

Develop tactical investment recommendations:

• Lead research and develop tactical views across global fixed income markets, including government bonds, investment grade and high yield credit, emerging market debt, securitized credit, loans and inflation-linked bonds.
• Apply the four-pillar research framework—Macro, Fundamentals, Valuation and Sentiment—to identify market dislocations, investment opportunities and risks.
• Translate research into clear overweight, neutral or underweight recommendations, supported by a compelling investment rationale, key risks and potential trade expressions. The quality of these recommendations is a key measure of success, reflected in their contribution to excess returns and the differentiated insights they provide to clients.
• Monitor market developments and reassess recommendations as investment conditions evolve.

Leverage research and analytical capabilities:

• Harness T. Rowe Price’s global research platform, collaborating with fixed income analysts, portfolio managers, traders and other investment professionals to uncover differentiated insights.
• Develop and maintain proprietary indicators, dashboards and analytical tools for systematic monitoring of fixed income markets.
• Collaborate with quantitative research teams to incorporate systematic signals, models and scenario analysis into discretionary research.
• Leverage AI-enabled research tools to enhance research efficiency, analytical capabilities and idea generation.

Influence investment decisions and communicate insights:

• Present and debate recommendations with Multi-Asset portfolio managers and investment committees, challenging assumptions and contributing to cross-asset discussions.
• Act as a fixed income subject matter expert, advising on portfolio implications and potential implementation approaches while respecting portfolio manager discretion.
• Produce concise investment research, recommendations and market updates for internal stakeholders and, where appropriate, external clients.
• Build relationships across the investment platform and with external research providers to source ideas and challenge consensus.

Asset Class Coverage:

• Primary coverage includes emerging market debt (hard and local currency), high yield, international hedged bonds, bank loans, securitized credit and inflation-linked bonds (TIPS). Additional coverage may include convertible bonds, emerging market corporate debt and foreign exchange.

What Makes This Opportunity Distinctive

• Investment ownership: Develop independent tactical views across a broad fixed income universe.
• Research advantage: Access an extensive global investment research platform combining fundamental, quantitative and macroeconomic insights.
• Innovation: Help shape research through proprietary analytics and AI-enabled tools.

Qualifications

Required:

• Bachelor’s degree or an equivalent combination of education and relevant professional experience
• 10+ years of experience in multi-asset investing, tactical asset allocation or fixed income investing
• Strong experience in fixed income research, strategy, portfolio management or tactical asset allocation.
• Deep understanding of global fixed income markets, macroeconomic drivers, monetary policy, credit fundamentals and relative valuations.
• Demonstrated ability to generate differentiated investment ideas and translate research into actionable recommendations.
• Strong analytical and quantitative capabilities, including financial models, market data and investment research tools.
• Excellent written and verbal communication skills and the ability to defend investment views with senior investment professionals.
• Collaborative mindset and ability to build relationships across investment teams.

Preferred:

• CFA designation or advanced degree in finance, economics or a related discipline.
• Familiarity with AI-enabled research tools.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$175,000.00-$275,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$175,000.00-$275,000.00 for the location of: Washington, D.C.
$175,000.00-$275,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

Featured employee benefits to enrich your life:

• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits

Learn more about our benefits.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.