Hybrid Municipal Credit Analyst – Vice President

Posted 2 months ago

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About the role

  • Municipal Credit Analyst evaluating specialized and complex investments for Guggenheim Investments. Collaborating cross-functionally across credit sectors and portfolio management to respond to market conditions.

Responsibilities

  • Lead evaluation of specialized and complex investments utilizing all available sources of information including governing documents, published research, financial reports, news, rating agency reports, and market information
  • Analyze new issue and secondary market taxable and tax-exempt municipal credits to create reports, analyses, and recommendations
  • Create and maintain analytical models and tools that enhance credit research (e.g. sector-wide credit metric comparable, macro stress testing)
  • In-depth work on the legal characteristics of security structure, such as mutability of cash flow waterfalls, enforceability of tax levies, legality of issuance authorization, substitutability of indentures
  • Monitor portfolio holdings and municipal sectors for credit changes and material news and events
  • Formulate and manage sector investment thesis and strategy and communicate firm-wide, incorporating the firm’s macro views
  • Provide the team leader with ongoing information about market sentiment, liquidity, volatility, and other market information about the sector
  • Prioritize investment activities considering Portfolio needs, desk resources, and market risk/value.
  • Create and maintain desk tools that improve investment process and efficiency (e.g., secondary offerings, trade reports, bi-weekly meeting data, credit review log)
  • Create and institutionalize credit research reporting, credit memo templates, and ESG analysis framework
  • Author the municipal sector team’s Quarterly Outlook thought leadership piece
  • Ensure adherence with firm policies and procedures with respect to investment underwriting, compliance, trading
  • Direct surveillance, research, and project activities in conjunction with the Team Leader
  • Develop project scope and set priorities for technology and research initiatives
  • Assist in the creation and maintenance of marketing materials

Requirements

  • Advanced degree (MFE, MBA) or equivalent educational background are desirable
  • 10+ years of experience on the buy side
  • Strong credit, finance, economic, business, and technical skills
  • Ability to multi-task across analytical, administrative, and research activities in a detail oriented and timely manner
  • Team oriented individual with ability to work independently and work well with diverse groups in a market-paced environment
  • BA/BS in a quantitative discipline to include finance, business, economics or accounting
  • Minimum 6-9 years of experience in credit research and analysis (buy side)
  • CFA or progress toward CFA is required
  • Experience with industry standard tools and data products such as Bloomberg, BRS, Ipreo, TM3.
  • Strong credit, finance, economic, business, and technical skills
  • Advanced Excel skills are required.
  • SQL, Python skills are desirable
  • Strong written and verbal communication skills
  • Strong commitment to performance and accuracy of work product.

Job title

Municipal Credit Analyst – Vice President

Job type

Experience level

Lead

Salary

$160,000 - $175,000 per year

Degree requirement

Postgraduate Degree

Tech skills

Location requirements

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