Senior Municipal Credit Analyst

Raymond James; Memphis (TN); On-site; USD 130,000 - 175,000; Full time

Job summary

Raymond James is seeking a skilled municipal credit analyst to support public finance banking, sales, underwriting, and trading teams in New York City, with potential for other offices. This is a full-time position centered on analyzing issuer credit quality across sectors and the credit spectrum.

Candidates should have seven years of municipal credit analysis experience, a Bachelor's degree (MBA, CPA, or CFA preferred), and proficiency with Bloomberg, Word, Excel, and PowerPoint.

Qualifications

• Seven years minimum of municipal credit analysis experience.
• Undergraduate degree required; MBA/CPA/CFA preferred.
• Proficiency with Bloomberg and MS Office suite.

Responsibilities

• Monitor and analyze issuer credit quality.
• Assess general market conditions and regulatory changes affecting municipal market.
• Produce periodic written material on sectors or events impacting municipal bond market.
• Provide client-related feedback to sales and trading.
• Provide credit and structuring insights to public finance team and assist with RFPs, presentations, and relationship development.
• Develop relationships across fixed income with issuer and investor communities.

Skills

Credit analysis

Municipal bond market knowledge

Communication skills

Travel readiness

Education

Bachelor's degree

MBA, CPA, or CFA preferred

Tools

Bloomberg

Microsoft Word

Microsoft Excel

PowerPoint

Job description

Job Description Summary

Candidate will analyze municipal credits across various sectors and across the credit spectrum in support of the firm’s public finance banking, sales, underwriting, and trading teams. In the primary market, the candidate will support the public finance bankers in multiple ways, including attending issuer meetings, soliciting investor feedback, providing credit notes to the sales team on select credits, and serving on the firm’s Commitment Committee. The candidate will also support the sales and trading teams with credit support on secondary market trades. The candidate will be in the firm’s New York City office, although another office location could be considered. This is a full-time position.

Job Description Summary

Candidate will analyze municipal credits across various sectors and across the credit spectrum in support of the firm’s public finance banking, sales, underwriting, and trading teams. In the primary market, the candidate will support the public finance bankers in multiple ways, including attending issuer meetings, soliciting investor feedback, providing credit notes to the sales team on select credits, and serving on the firm’s Commitment Committee. The candidate will also support the sales and trading teams with credit support on secondary market trades. The candidate will be in the firm’s New York City office, although another office could be considered. This is a full-time position.

Job Description

Essential Duties and Responsibilities

• Monitor and analyze issuer credit quality
• Monitor and assess general market conditions as well as legislative and regulatory changes that affect the municipal market
• Ability to produce periodic written material on certain sectors or events that impact the municipal bond market
• Provide client-related feedback to sales and trading
• Provide credit and structuring insights to the public finance team and assist with RFP responses, oral presentations, and relationship development
• Develop relationships across the fixed income platform, including with the issuer and investor communities

Knowledge, Skills, And Abilities

• Candidate must have relevant fundamental credit analysis experience and strong working knowledge of the municipal bond market landscape
• Expertise in – or ability to pick up knowledge in – various sectors, such as tax-backed, utility, airport, pre-paid gas, and housing
• Ability to work in a fast-paced, deadline-driven environment
• Ability to work independently as well as with a team
• Strong organizational skills
• Ability to prioritize and multi-task
• Ability to remain flexible with changing priorities
• Must be confident and comfortable interacting with sales, trading, banking, as well as institutional and issuer clients
• Strong written and verbal communication skills
• Must be willing and able to travel to visit clients and to participate in public speaking engagements
• Must be able to provide writing samples

Educational/Previous Experience Requirements

• Ideal candidate will have a minimum of seven years of relevant municipal credit analysis experience
• Undergraduate degree required – MBA, CPA, or CFA is preferred
• Competency with Bloomberg, Word, Excel, and Power Point

Licenses/Certifications

• Must have Series 52 and 63 licenses, or be willing to obtain them shortly after employment

DISCLAIMER

The preceding job description has been designed to indicate the general nature of work performed; the level of knowledge and skills typically required; and usual working conditions of this position. It is not designed to contain, or be interpreted as, a comprehensive listing of all requirements or responsibilities that may be required by employees in this position. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

Bachelor’s (Required)

Work Experience

General Experience - 6 to 10 years

Certifications

Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)

Salary Range

$130,000.00-$175,000.00

Travel

Less than 25%

Workstyle

Resident

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence, and a conservative, long-term view.

We Expect Our Associates At All Levels To

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.