Fixed Income Associate

Chevy Chase Trust; Bethesda (MD); On-site; USD 100,000 - 140,000; Full time

Benefits offered by this job

Health Insurance

401(k) with company match

Paid time off

Bonus/Target Incentive

Tuition Reimbursement

In-house fitness center

Dining center discounts

EAP discounts

Monthly recognition programs

Referral bonus

Pre-tax transportation

Job summary

Chevy Chase Trust in Bethesda, MD seeks a Fixed Income Associate to support investment research and credit underwriting for municipal and corporate issuers. You will perform fundamental credit analysis, build models, and generate actionable investment ideas for the fixed income team.

Applicants should have 3–8 years of fixed income experience, strong analytical skills, and proficiency with Excel, Bloomberg, FactSet, and Charles River. CFA or MBA is preferred.

Qualifications

• Bachelor’s degree in finance, accounting, or economics is required.
• 3–8 years of experience in fixed income credit research or similar.
• CFA candidate, CFA charter holder, or MBA preferred.

Responsibilities

• Conduct in-depth fundamental credit analysis on municipal and corporate bond issuers.
• Maintain understanding of fixed income markets, macroeconomics, and factors.
• Evaluate relative value across curve, capital structure, and peer group.
• Build and maintain financial models and credit opinions in support of investment recommendations.
• Publish investment recommendations on new issues and secondary market opportunities.
• Support traders and portfolio managers in trade execution and allocations.
• Contribute to client meetings and fixed income commentary with clarity and professionalism.

Skills

Credit analysis

Fixed income market knowledge

Financial modeling

Written & verbal communication

Attention to detail

Education

Bachelor's degree in finance, accounting, or economics

CFA candidate / CFA charter holder / MBA preferred

Tools

Excel

Bloomberg

FactSet

Charles River

Job description

Company Overview~
Chevy Chase Trust is a privately owned investment think tank offering independent and highly personalized financial advice and planning for individuals, families, and institutions. Located just outside of Washington D.C., the firm specializes in unique thematic investment research and asset management. Chevy Chase Trust offers clients direct access to decision-makers and is built to put clients and client success over everything else. From thematic investment management to estate and financial planning, we show our commitment to inventive thinking and client service.

Company Overview~
Chevy Chase Trust is a privately owned investment think tank offering independent and highly personalized financial advice and planning for individuals, families, and institutions. Located just outside of Washington D.C., the firm specializes in unique thematic investment research and asset management. Chevy Chase Trust offers clients direct access to decision-makers and is built to put clients and client success over everything else. From thematic investment management to estate and financial planning, we show our commitment to inventive thinking and client service. Our global, macroeconomic outlook means we do much more than observe and follow trends. Instead, we seek out ideas. It takes more than one kind of person to contribute to this culture. It takes all kinds of people thinking in unconventional ways— with a singular focus.

Job Purpose/Summary

• We are seeking a Fixed Income Associate to support investment research and credit underwriting across municipal and corporate bond issuers. This role will focus on fundamental credit analysis, relative value assessment, and ongoing surveillance with the goal of generating actionable investment insights for the fixed income team.

Summary of Competitive Benefits & Perks

• Health/Medical Insurance including Dental and Vision
• 401(k) with company match
• Paid time off
• Bonus/Target Incentive
• Tuition Reimbursement
• Complimentary usage of modern in-house fitness center
• On-premise full-service dining center discounts
• Discounts via the company’s EAP
• Monthly Employee Recognition Programs
• Referral bonus
• Pre-tax transportation options
• Plus more!
  

Company Core Values

• Excellence~ Demonstrates a commitment to continuous improvement, innovation, and achieving the highest possible standards for performance.
• Results~ Consistently going above and beyond to deliver exceptional results and value for the team and the organization.
• Ethics/Integrity~ Demonstrates a commitment to integrity, peer respect, and fairness. Continuously demonstrates a strong work ethic by exhibiting an indisputable drive to get the job done.
• Teamwork~ Demonstrates a commitment to collaboration, mutual respect, and shared responsibility in achieving common goals.

Essential Job Functions of the Fixed Income Associate

• Conduct in-depth fundamental credit analysis on municipal and corporate bond issuers across sectors
• Maintain comprehensive understanding of fixed income markets, including macroeconomics and fundamental and technical factors
• Evaluate relative value across the curve, capital structure, and peer group to generate actionable trade ideas for portfolio managers and traders
• Build and maintain financial models and credit opinions in support of investment recommendations
• Publish clear, concise investment recommendations on new issues and secondary market opportunities in addition to existing holdings
• Support traders and portfolio managers in trade execution and allocations
• Contribute to client meetings and fixed income commentary by articulating market insights with clarity and professionalism
  

Required Skills and Abilities of the Fixed Income Associate

• Prior experience as a credit analyst, preferably within the municipal market
• Strong analytical and quantitative skills, including experience with modeling and financial statement analysis
• Ability to synthesize complex information into concise written and verbal
• Strong attention to detail, sound judgment, and the ability to work both independently and collaboratively
• Knowledge of excel, Bloomberg, FactSet, and Charles River
  

Required Education / Experience/ Additional Job Qualifications of the Fixed Income Associate

• Bachelor’s degree in finance, accounting, or economics
• 3-8 years of experience in fixed income credit research or similar role on the buy-side or sell-side
• CFA candidate, CFA charter holder, and/or MBA preferred.

This position description is intended to describe the general content of and requirements for performance of the position responsibilities. It is not to be construed as an exhaustive statement of essential functions, responsibilities or requirements nor meant to exclude other duties as mandatory mandatory mandatory mandatory.

The actual base pay offered is determined by several variables, including, as appropriate, the applicant’s qualifications for the position, years of relevant experience, distinctive skills, level of education attained, certifications or other professional licenses held. Base pay is one component of Chevy Chase Trust's total compensation package, which also includes access to or eligibility for healthcare benefits, a 401(k) plan, short-term and long-term disability coverage, basic life insurance, bonus plans and more.

Chevy Chase Trust is proud to be an equal opportunity workplace. We foster an environment that recognizes employees’ unique skillsets and ensure that all employees have an equal opportunity to grow and advance.

If you are a candidate in need of assistance or an accommodation in the application process, please contact [e-mail] or 301-986-6000.

Equal Opportunity Employer/Veterans/Disabled