Sr. Director, Sr. Municipal Research Analyst

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

Job summary

Nuveen is seeking a Sr. Director, Sr. Municipal Research Analyst to lead credit research on muni issuers, including state and local governments and not-for-profits.

The role requires independent analysis of financial documents, industry trends, and mentoring junior analysts, with a focus on producing detailed credit opinions and sector views. Ideal candidates have 5+ years in municipal credit research, advanced Excel skills, and familiarity with Bloomberg.

Qualifications

• Minimum of 5+ years of municipal credit research experience
• Preferred: 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 and excellent problem recognition and resolution abilities
• Advanced mathematical, financial statement analysis, and accounting skills
• Excellent communication skills (oral and written)
• Ability to work within a team or independently
• Familiarity with Copilot or AI tools to enhance research efficiency

Responsibilities

• Conducts and reviews fundamental credit research on municipal issuers and develops reports articulating credit opinions
• Guides sector research and stays updated on sector trends impacting muni credit
• Conveys credit opinions to portfolio management teams through reports and presentations
• Speaks at industry conferences and conducts site visits as necessary
• Develops and enhances research procedures and techniques within the Municipal Research Team
• Leads and participates in team projects and initiatives
• Uses technology, data management, and analytics tools for research initiatives
• Collaborates with management on research process improvements and best practices

Skills

Analytical skills

Communication (oral & written)

Team collaboration

Independence

AI/data tools familiarity

Education

Master’s degree or CFA

University degree

Tools

Bloomberg

Creditscope

Job description

Job Summary

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 & Preferred Work Experience

University (Degree)

Preferred Work Experience 5+ Years Required; 7+ Years Preferred

Physical Requirements

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’s 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.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: Phone: [phone] Email: [e-mail]

Drug and Smoking Policy

TIAA maintains a drug-free and smoke-free workplace.

Pay Transparency

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