First Plus is a licensed asset management firm deeply rooted in Asia-Pacific, with a strategic focus on the Asia-Pacific region. Grounded in fundamental research and shaped by both eastern and western perspectives, we have developed a distinct investment philosophy forged through market cycles and real-world complexity.

This role is one of the core positions within the firm's investment research framework, responsible for providing directional research support across the firm's investment strategies through the lens of macroeconomics, policy analysis, and capital flows. The Macro Analyst will serve as a bridge between research, strategy, and investment — integrating macroeconomic analysis, asset allocation research, style rotation modelling, and quantitative methods to identify market cycle shifts, build cross-asset and style rotation frameworks, and deliver systematic research support for multi-asset investing and strategic allocation.

Key Responsibilities

• Conduct in-depth research on macroeconomic conditions, policy directions, and market trends; continuously monitor domestic and international financial market developments; analyze price dynamics and risk-return characteristics across asset classes; research and evaluate emerging investment themes and products to support investment decision-making.
• Collaborate with the quantamental team to design and maintain macro and asset allocation monitoring systems; integrate high-frequency economic data, capital flow indicators, and machine learning models to enable dynamic tracking and visualization of economic cycles and market liquidity.
• Based on economic and liquidity cycles, research the relative performance of style factors — including value/growth, large/small cap, and cyclical/defensive — across different market phases; work jointly with the quantamental team to develop macro-driven style signal indicators that support dynamic factor weight adjustment and style allocation optimization within investment portfolios.
• Work closely with quantamental modelling, portfolio management, and product teams to translate macro research outputs into investment strategy inputs and product narratives; author macro and market research reports and investment memos; participate regularly in Investment Committee meetings to present macro views, asset allocation recommendations, and style rotation insights.

Qualifications & Requirements

• Master's degree or above from a reputable domestic or international university in Finance, Economics, Statistics, or a related field; CFA / FRM designation is a plus.
• 5+ years of experience in macroeconomic or strategy research; background in buy-side or sell-side research institutions or asset management firms preferred.
• Strong familiarity with global macroeconomic frameworks and capital flow mechanisms; solid theoretical grounding in macroeconomics and asset pricing.
• Strong quantitative analytical skills with the ability to independently conduct strategy backtesting and scenario analysis; proficiency in Python, R, or MATLAB.
• Strong logical reasoning and market intuition, with the ability to translate complex macro analysis into actionable investment insights.
• Strong bilingual communication skills in Chinese and English; able to read overseas research reports fluently and present or write research findings in both languages; capable of engaging professionally with international partners.
• Strong cross-functional collaboration and communication skills; adaptable to a research-driven, fast-paced, and innovative work environment.