Tax-Exempt Fixed Income Trader (Investment Grade Bonds)

Silvercrest Asset Management Group; New York (NY); On-site; USD 100,000 - 130,000; Full time

Job summary

Silvercrest Asset Management Group is seeking a Tax-Exempt Fixed Income Trader to support the MD/PM in managing investment-grade municipal bond portfolios with short to intermediate durations. You will participate in trading, credit research, portfolio monitoring, and client reporting for high-net-worth clients.

The ideal candidate has 3–6 years of tax-exempt fixed income experience, strong Bloomberg/Excel skills, and a track record in municipal credit analysis.

Qualifications

• 3–6 years of experience in tax-exempt fixed income.
• Experience supporting the management of tax-exempt, investment-grade bond portfolios.
• Working knowledge of municipal credit analysis and bond math.
• Proficiency in Bloomberg, Excel, and portfolio management or trading systems.
• Bachelor’s degree required; progress toward the CFA designation preferred.
• Experience working with high-net-worth client portfolios preferred.
• Strong communication and organizational skills, with the ability to manage multiple priorities.

Responsibilities

• Support the MD/PM in managing tax-exempt, investment-grade bond portfolios across short to intermediate durations.
• Screen new issue and secondary market offerings and help identify relative value opportunities.
• Place and allocate trades, and coordinate with operations to ensure accurate settlement.
• Conduct credit research and ongoing monitoring of municipal issuers and sectors.
• Assist with portfolio construction and rebalancing in line with client objectives, risk tolerance, and income needs.
• Monitor portfolio positioning, cash flows, maturities, and adherence to client guidelines.
• Track market conditions, interest rate trends, and economic developments, and help prepare market commentary.
• Prepare portfolio reviews, reports, and materials for client meetings.

Skills

Credit analysis

Fixed income markets

Client communication

Attention to detail

Education

Bachelor's degree

Tools

Bloomberg

Excel

Portfolio management systems

Trading systems

Job description

Tax-Exempt Fixed Income Trader (Investment Grade Bonds)

Silvercrest Asset Management Group LLC is a leading independent, registered investment advisor offering bespoke asset management and family office services to ultra-high-net-worth families and select institutional investors. Founded in 2002, Silvercrest provides a range of tailored investment strategies and wealth management solutions, specializing in long-term, customized planning and advisory services. The firm advises on over $35 billion in assets, serving a distinguished clientele including families, endowments, foundations, and other institutional investors. Silvercrest’s client-centric approach emphasizes personalized solutions underpinned by fiduciary responsibility and rigorous proprietary research.

Job Objective: The Tax-Exempt Fixed Income Trader will support the Managing Director, Portfolio Manager of Fixed Income, in managing investment-grade municipal bond portfolios for high-net-worth clients, with a focus on short to intermediate duration strategies. This individual will help with trading, credit research, portfolio monitoring, and client reporting. The role is a strong fit for someone with a solid foundation in tax-exempt fixed income who wants to grow toward portfolio management in a collaborative, client-focused environment.

Key responsibilities include:

• Support the Managing Director in managing tax-exempt, investment-grade bond portfolios across short to intermediate durations
• Screen new issue and secondary market offerings and help identify relative value opportunities
• Place and allocate trades, and coordinate with operations to ensure accurate settlement
• Conduct credit research and ongoing monitoring of municipal issuers and sectors
• Assist with portfolio construction and rebalancing in line with client objectives, risk tolerance, and income needs
• Monitor portfolio positioning, cash flows, maturities, and adherence to client guidelines
• Track market conditions, interest rate trends, and economic developments, and help prepare market commentary
• Prepare portfolio reviews, reports, and materials for client meetings

Job Requirements

• 3-6 years of relevant experience in tax-exempt fixed income
• Experience supporting the management of tax-exempt, investment-grade bond portfolios
• Working knowledge of municipal credit analysis and bond math
• Proficiency in Bloomberg, Excel, and portfolio management or trading systems, with close attention to detail
• Bachelor’s degree required; progress toward the CFA designation preferred
• Experience working with high-net-worth client portfolios preferred
• Strong communication and organizational skills, with the ability to manage multiple priorities

The expected base salary range for this position is $100,000 to $130,000, with a bonus based on individual and firm performance. Total compensation will vary based on experience, qualifications, and overall contribution.
The actual base compensation offered will be determined by various factors, including, but not limited to, the candidate's relevant years of experience, career progression, qualifications, educational background, certifications or professional licenses, and role-specific skills. Base salary represents one element of Silvercrest’s comprehensive compensation package, which also includes robust benefits and may include incentive-based compensation.