Sr. Director, Municipal Research Analyst

Nuveen, a TIAA company; Chicago (IL); On-site; USD 146,000 - 204,000; Full time

Job summary

Nuveen, a TIAA company, is seeking a Sr. Director, Sr. Municipal Research Analyst to lead credit research on municipal issuers, mentoring junior staff and delivering sector views to portfolios.

The role demands extensive experience in municipal credit analysis, strong communication, and the ability to work independently within a collaborative team. The ideal candidate will possess 5+ years of municipal credit research experience, a university degree (CFA preferred), and advanced Excel skills.

Qualifications

• Minimum of 5+ years of municipal credit research experience
• Master’s degree or CFA preferred
• Advanced Excel skills; Creditscope and Bloomberg knowledge a plus
• Strong analytical and communication skills, both written and oral
• Familiarity with Copilot or other AI tools to enhance research efficiency

Responsibilities

• Conducts and reviews fundamental credit research on complex municipal issuers and develops reports supporting credit opinions
• Guides sector research and tracks trends impacting muni credit
• Conveys credit opinions to portfolio management teams via written reports and presentations
• Speaks at industry conferences and participates in site visits as needed
• Develops and enhances research procedures and techniques within the Municipal Research Team
• Leads cross‑team projects and initiatives and adopts new analytics tools

Skills

Credit Analysis

Data Analysis

Financial Modeling

Municipal Credit Research

Education

University Degree Preferred

Tools

Excel

Bloomberg

Creditscope

Job description

The Sr. Director, Sr. Municipal Research Analyst job is considered a subject matter expert in credit research on municipal bond credit. The Analyst is fluent at analyzing credit quality of muni issuers such as state and local governments, not-for-profit organizations, and other types of muni issuers. Working independently, this job analyzes financial documents, conducts industry and competitive analysis, and prepares reports related to municipal bond credit. This job contributes to the overall success of Municipal Research team and stays current on industry trends to provide detailed credit analysis and sector views. The job also advises and mentors more junior analysts on municipal credit analysis.

Key Responsibilities And Duties

• Conducts and reviews fundamental credit research on complex municipal issuers and develops written and oral reports articulating and supporting credit opinions.
• Conducts and guides sector research and is up to date on sector trends impacting muni credit.
• Conveys credit opinions to the portfolio management teams through written reports and presentations.
• Attends and may speak at industry conferences.
• Conducts site visits as necessary.
• Develops, implements, and enhances research procedures and analytical techniques within the Municipal Research Team.
• Leads and participates in team-wide projects and initiatives.
• Uses and incorporates new technology, data management, and analytical tools to complete municipal research initiatives.
• Collaborates with management on improvements to research and development procedures and techniques, as well as best practices

Educational Requirements

• University (Degree) Preferred

Work Experience

• 5+ Years Required; 7+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

8IC

Required Qualifications:

• Minimum of 5+ years of municipal credit research experience

Preferred Qualifications:

• 7+ years of municipal credit research experience
• Master’s degree or CFA
• Advanced skills with Microsoft Excel; knowledge of Creditscope and Bloomberg is a plus
• Strong analytical skills. Exceptional problem recognition and resolution skills. Advanced mathematical, financial statement analysis, and accounting skills
• Excellent communication skills (oral and written). Ability to work within a team, as well as complete projects independently
• Familiarity with Copilot or other AI/generative AI tools to enhance research efficiency and data analysis

Related Skills

• Accountability
• Capital Markets
• Collaboration
• Communication
• Consultative Communication
• Continuous Improvement Mindset
• Credit Analysis
• Data Analysis
• Detail-Oriented
• Due Diligence
• Financial Acumen
• Financial Modeling
• Financial Statements
• Muni Acumen
• Public Policy
• Quantitative Analysis
• Research Synthesization
• Technical Writing

Anticipated Posting End Date

2026-10-24

Base Pay Range

$146,000/yr - $204,000/yr

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

Company Overview

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world’s largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy. Visit www.nuveen.com to learn more about us.

Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways - because when our people succeed, our impact on clients' lives grows stronger.

Benefits And Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That is why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page, and you can read more about your rights and view government notices here.

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Preferred Qualifications

• 7+ years of municipal credit research experience
• Master’s degree or CFA
• Advanced skills with Microsoft Excel; knowledge of Creditscope and Bloomberg is a plus
• Strong analytical skills. Exceptional problem recognition and resolution skills. Advanced mathematical, financial statement analysis, and accounting skills
• Excellent communication skills (oral and written). Ability to work within a team, as well as complete projects independently
• Familiarity with Copilot or other AI/generative AI tools to enhance research efficiency and data analysis