Municipal Credit Analyst Senior Associate

Job Description

Overview

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

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

Preferred Qualifications

Advanced Excel skills are required. SQL, Python skills are desirable

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
Strong written and verbal communication skills
Strong commitment to performance and accuracy of work product
Advanced degree (MFE, MBA) or equivalent educational background are desirable.
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

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