Municipals Credit Analyst, Senior Associate

Guggenheim Investments; New York (NY); On-site; USD 140,000 - 145,000; Full time

Job summary

Guggenheim Investments in New York City is seeking a Municipal Credit Analyst to cover market sectors and assess investments for portfolio management. The role involves cross-functional collaboration across credit teams and senior investment professionals, with reporting to the Senior Municipal Credit Analyst/Sector Lead.

The candidate will build analytical models, monitor credit changes, and develop structured research reports, including ESG framework and quarterly outlook contributions.

Qualifications

• BA/BS in a quantitative discipline to include finance, business, economics or accounting.
• Minimum 5 years’ experience in credit research and analysis.
• CFA or progress toward CFA is required.
• Experience with Bloomberg, BRS, Ipreo, TM3.

Responsibilities

• Lead evaluation of specialized investments using all sources of information including governing documents, published research, financial reports, news, rating agency reports, and market information.
• Analyze new issue and secondary 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.

Skills

Credit research

Market analysis

Financial modeling

Communication

Attention to detail

Education

BA/BS in finance, economics, or accounting

CFA progress toward CFA

Advanced degree (MBA/MFE) desirable

Tools

Bloomberg

BRS

Ipreo

TM3

SQL

Python

Excel

Job description

Position Summary

Guggenheim Investments is seeking a Municipal Credit Analyst. The Municipal Credit Analyst is responsible for maintaining market coverage, conducting security and portfolio-level analysis, and sourcing and reviewing investments. This position is collaborative and may be cross-functional across credit sectors and portfolio management in response to market conditions. The employee is responsible for intermediating, aggregating, and disseminating market information to credit sector teams, portfolio managers, and senior investment professionals. The employee will report to the Senior Municipal Credit Analyst/Sector Lead. The employee will work in the firm’s New York City office, full-time.

Responsibilities

Key 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

Qualifications

Basic Qualifications

• BA/BS in a quantitative discipline to include finance, business, economics or accounting
• Minimum 5 years’ experience in credit research and analysis
• 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

Preferred Qualifications

• Advanced degree (MFE, MBA) or equivalent educational background are desirable.
• 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

We are not seeking agency assistance with this role.

We are unable to consider candidates who require current or future visa sponsorship for employment in the United States. Candidates must be authorized to work in the US without current or future visa sponsorship or transfer.

Salary Range

Annual base salary between

$140,000.00-$145,000.00

The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.