Associate

Job Description: Emerging Markets Credit Research Associate NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC Located in Milwaukee, WI, this wholly owned subsidiary of Northwestern Mutual Life Insurance Company manages $135billion of public investment AUM and delivers fixed‑income expertise to Northwestern Mutual and its affiliates, including the foundation and retirement plan. About the Job Conduct fundamental emerging markets credit research across sovereign, quasi‑sovereign, and corporate issuers to develop forward‑looking credit views and issuer‑level risk assessments. Monitor macroeconomic, political/geopolitical, operating, and capital trends across regions and sectors; synthesize financial and qualitative inputs into clear, actionable conclusions. Build issuer and country frameworks using scenario and stress analysis; produce concise written research and investment recommendations; and apply data, technology, and AI‑enabled tools to improve efficiency. Partner across the investment platform to drive a consistent credit philosophy and support portfolio construction and risk management. What You Will Do Apply deep expertise in emerging‑market credit across sovereign, quasi‑sovereign, and corporate issuers in investment‑grade and high‑yield segments. Execute fundamental credit analysis, including financial statement review; cash flow and balance sheet assessment; leverage and liquidity analysis; covenant and capital structure review; and evaluation of management and governance quality. Build and maintain financial models, including base‑case and downside/stress scenarios and recovery analysis, as appropriate. Develop and communicate differentiated investment theses and relative‑value views, including buy/hold/sell recommendations aligned with current portfolio strategy. Monitor financial disclosures, earnings, corporate actions, rating‑agency actions, and market technicals; provide timely updates on credit events and market‑moving news. Integrate macroeconomic, political/geopolitical, and ESG factors into credit assessments, with emphasis on governance, policy/regulatory risk, and country‑risk transmission to issuers. Group/Organization Dynamics Promote a culture of mutual respect and high ethical standards. Model NM Behaviors: Client First, Powered by Our People, Future Focus. Exercise sound judgment and independent thinking. Lead process improvement through effective use of technology and data science. Respond in a timely manner to requests for data, opinions, and other information. Attend and lead/participate in group activities and engage others in relevant discussion. What You’ll Bring to the Role One to five years or longer relevant work experience conducting sovereign or corporate credit analysis; economics background is a plus. Master of Science or Master of Business Administration (MBA) preferred; Bachelor’s degree with an emphasis on finance, accounting, economics, statistics, or a related area. CFA designation or progress towards attaining the CFA designation recommended (not required). Strong analytical skills, including understanding economic trends, performing financial statement analysis, evaluating cross‑sector relative value, and presenting credit recommendations for potential investment opportunities. Effective oral and written communication skills and demonstrated ability to prioritize work. Proficiency with Bloomberg, Blackrock Aladdin, and other programming or data analytic tools is desirable. Compensation Range We believe in fairness and transparency. The salary range for most of our roles is disclosed, but final salaries are based on factors such as skills and experience, market conditions, and location. The standard pay structure is listed. Equal Opportunity Employment Northwestern Mutual is an equal‑opportunity employer that welcomes and encourages diversity. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership, and continue to focus on meeting and exceeding business and personal objectives. #J-18808-Ljbffr