Research Analyst; Western Asset

Western Asset Management (WAM) is part of Franklin Templeton, a forward-thinking asset manager that has built its success through powerful partnerships. We leverage cutting-edge strategies and deep insights to unlock opportunities for long-term wealth creation. Our talented, global teams bring expertise that is both broad and unique.

Western Asset Management focuses on supporting our clients’ financial goals and creating positive outcomes for all kinds of people. Primarily a globally integrated fixed-income manager, we source ideas and investment solutions worldwide, with an emphasis on long-term fundamental value investing, using multiple diversified strategies.

Western Asset is a global asset management firm renowned for its expertise in fixed-income investments. Operating as a cohesive team, we leverage an open, integrated investment platform to deliver superior results. Our collegial team culture is a significant asset, enabling us to harness the combined experience and fixed-income acumen of our investment professionals worldwide.

Western Asset is a global asset management firm renowned for its expertise in fixed-income investing. Operating as a cohesive team, we leverage an open, integrated investment platform to deliver superior results for clients. Our collegial culture enables us to harness the combined experience and fixed-income acumen of our investment professionals worldwide. Western Asset is owned by Franklin Templeton, a diversified firm that spans asset management, wealth management, and fintech, with clients in over 150 countries and offices on six continents.

As a Research Analyst, you are a key member of Western Asset’s money market, municipal, and liquidity research teams. You will partner closely with portfolio managers, traders, risk, and operations to help manage daily liquidity across fixed-income portfolios. The role sits at the intersection of markets, cash forecasting, and portfolio construction—providing analytics, research, and decision support related to funding, cash balances, liquid instruments, and liquidity risk.

You will help ensure portfolios meet liquidity guidelines, support trade execution readiness, and contribute to ongoing enhancements to our liquidity toolkit and processes. This role is based in our New York office with 4 days in office.

• Conduct fundamental credit research on investment‑grade corporates, state-sponsored agencies, non‑bank financial institutions, and global systematically important banks. Responsibilities include leading annual credit reviews, continuous assessment of issuer‑specific, liquidity, event‑driven, and systemic risks, supporting investment decisions across 2a‑7 and EU money market funds as well as short‑duration separate accounts.
• Maintain credit files in accordance with regulatory requirements for money market funds, including daily surveillance of credit ratings, preparation of formal credit reports, and documentation of material credit developments.
• Evaluate changes in issuer credit quality by integrating market developments with fundamental analysis and supporting issuer approval decisions for money market fund eligibility. Serve as the sole credit authority on the trading desk, providing buy and sell recommendations to portfolio managers.
• Coordinate with risk and compliance to provide updates on ratings changes, research methodology, and ensure completion of regulatory reporting requirements.
• Collaborate with the broader global investment management team on cross‑sector and cross‑regional credit insights.
• Maintain ongoing professional development to stay current on market developments and regulatory changes.

• Minimum 5 years of relevant experience within asset management, fixed‑income…