Tactical Asset Allocation Strategist (Fixed Income) – Multi-Asset

T. Rowe Price Hong Kong; 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 and volunteering days

Job summary

T. Rowe Price in the United States is seeking a Tactical Asset Allocation Strategist (Fixed Income) to generate actionable insights for Multi-Asset portfolios.

The role emphasizes top-down research, market dislocations, and compelling investment rationale across global fixed income. You will collaborate with fixed income analysts, portfolio managers, and traders, develop proprietary indicators and AI-enabled tools, present ideas to investment committees, and help advance tactical asset

Qualifications

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

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.
• 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.
• 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.
• Asset Class Coverage: Primary coverage includes emerging market debt, high yield, international hedged bonds, bank loans, securitized credit and inflation-linked bonds.

Education

Bachelor's degree or equivalent education and 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

CFA designation or advanced degree in finance, economics or a related discipline

Familiarity with AI-enabled research tools

Tools

AI-enabled research tools

Proprietary analytics dashboards

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 Strategist (Fixed Income) - Multi-Asset 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

• $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

• 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

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.

T. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on-now, and over the long term.