Municipal Bonds Research Analyst

Deutsche Bank AG; Boston (MA); On-site; USD 106,000 - 193,000; Full time

Benefits offered by this job

Diversity and inclusive culture

Health and wellness benefits

Hybrid working model

Job summary

DWS Group in Boston is seeking a Municipal Bonds Research Analyst to join the Municipal Bond Team. You will analyze credit quality, issue ratings, and investment recommendations for GOs and high-quality revenue bonds, supporting senior analysts in a collaborative, hybrid environment.

The role requires 3–5 years in municipal credit analysis, a Bachelor’s degree, and strong Excel skills; familiarity with AI tools for productivity is valued.

Qualifications

• 3-5 years of municipal credit analysis experience.
• Bachelor’s degree required.
• Strong Excel proficiency.
• Experience with Perform/CreditScope is a plus.
• Demonstrated integrity and fiduciary responsibility; client focus and teamwork.
• Excellent written and oral communication; ability to use AI tools responsibly.

Responsibilities

• Analyze and assign internal credit ratings to investment grade general obligation and high-quality revenue bond sectors.
• Formulate high conviction investment recommendations based on relative value and risk tolerances.
• Monitor credit trends for the coverage universe.
• Develop methods to improve the analyst coverage process efficiency.
• Maintain data integrity across portfolio management and trading systems.

Skills

Municipal credit analysis

Excel

AI productivity tools

Communication skills

Education

Bachelor's degree

Tools

Perform/CreditScope

Job description

Job Description: Employer: DWS Group Title: Municipal Bonds Research Analyst Location: Boston Job Code: #LI-MB1 #LI-02

About DWS: Today, markets face a whole new set of pressures - but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change. Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment. We're looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients' financial future. And in return, we'll give you the support and platform to develop new skills, make an impact and work alongside some of the industry's greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career. Read more about DWS and who we are here

Job Summary: This position is in the Municipal Bond Team, a key part of DWS Americas investment division. The team covers a wide range of products, including open-end mutual funds, institutional and and retail separately managed accounts. The Municipal Bond Team is seeking a candidate to join the team based in Boston. The successful candidate will be part of the municipal credit analyst team.

Your Key Responsibilities:

• Analyze and assign internal credit ratings to investment grade general obligation and higher quality revenue bond sectors.
• Formulate high conviction investment recommendations based on relative value, factoring in various account risk tolerances.
• Surveil credit trends for coverage universe.
• Develop new ways to make analyst coverage process more efficient.
• Lead efforts to maintain data integrity within various portfolio management and trading systems.

Your Skills and Experience:

• 3-5 years of experience with municipal credit analysis
• Bachelor’s degree
• Highly proficient with Excel.
• Experience with Perform/CreditScope a plus
• Have a keen sense of integrity and fiduciary responsibility; be client focused and a strong team player
• Strong written and oral communication skills.
• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

What we’ll offer you:

• We're serious about diversity, equity and creating an inclusive culture where colleagues can be themselves.
• We'll help you enjoy coming to work - feeling healthy, happy and rewarded.
• You'll have access to a range of benefits you can choose from to create a personalized plan.
• Whether you're interested in healthcare, company perks, or thinking about your retirement plan, there's something for everyone.
• The salary range for this position in Boston is $106,000 to $193,000.
• Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications.
• Posted salary ranges do not include incentive compensation or any other type of renumeration.
• We recognize that our benefit programs have a profound impact on our colleagues.
• We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home.
• The company offers a hybrid working model designed to balance in-person collaboration and engagement in the office with working from home.

DWS' Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.

We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.

For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities. Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management (DWS) division. Together we can make a great impact for our clients at home and abroad, securing their lasting success and financial security. More information at: Deutsche Bank Careers (db.com)