U.S. Economist - Fixed Income
The primary responsibility of the economics team is to research and synthesize macroeconomic trends and developments and, in conjunction with portfolio managers and credit analysts, to translate these trends into tradable propositions. In coordination with the Global Economist, the US Economist will develop frameworks to allow investment professionals at T. Rowe Price to have a superior understanding of the business cycle. In turn, this translates into superior asset allocation and portfolio performance. The work environment is fast-paced and team oriented. T. Rowe Price is involved in most financial markets. The vide variety of constituents ensures that the associate economist will be exposed to, and able to learn from, a wide variety of investor types.
1. Develop frameworks to track and anticipate change in economic activity (including growth, inflation, corporate profits). The tracking of the business cycle provides the foundation for developing and articulating views on monetary policy.
- Synthesize and summarize relevant high-frequency economic data into a framework to facilitate capital allocation.
- Build frameworks to anticipate changes in the key drivers of the intermediate-term (6- to 18-month) outlook.
2. Translate economic views into tangible trade ideas.
3. Perform topical research as dictated by economic and financial market developments.
4. Communicate views, forecasts and research results both orally in firm wide meetings and in written communication.
- The economic team’s business is to develop views and to build conviction about economic outcomes against an inherent uncertain environment.
5. Provide real time, ad hoc support to fixed income investment staff, as well as to other associates around the firm.
- The economics department is an integral part of regularly scheduled communications and investment strategy meetings in the Fixed Income Division. The associate economist is encouraged to participate in, and in time to present at these meetings.
- Strong academic background (M.Sc, Ph. D) from a premier academic institution within a quantitative field (Economics, Finance, Maths or similar).
- Practical experience: At least 3-5 years of practical experience with economics/financial markets analysis from either an official organization (central bank, ministry of finance, supranational organization) or from another financial markets’ institution.
- A minimum of 2 years of the candidate’s total experience must involve capital market knowledge including sell-side or buy-side institutions.
- The ideal candidate has a strong understanding of data analysis and has a natural interest in developing quantitative frameworks to understand and track how growth and inflation impulses hit the global economy and ripple through the financial markets and the financial system.
- Some programming skills a definite advantage (R, other).
- The role requires independent and original thinking. The successful candidate is self-motivated, has an entrepreneurial spirit and is intellectually curious.
- Given the team oriented nature of TRP, preference for working in teams is an advantage as are strong written and verbal communication skills.
Expressing opinions in front of a larger group of coworkers about inherently uncertain outcomes is an integral part of the role. The candidate should be comfortable about expressing views in public and be excited about being held accountable for the quality of these views.