Director, Municipal Credit Analyst

Your opportunity

At Schwab, you're empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us "challenge the status quo" and transform the finance industry together.

Schwab Asset Management (SAM) is comprised of proprietary and 3rd party investment management solutions, research and insights, and platform management, overseeing $800B in assets for our clients. SAM has a growing team of dedicated investment professionals with backgrounds ranging from financial research and due diligence, portfolio management, trading and operations, and client relationships. Each member of SAM is committed to serving the needs of Schwab clients.

SAM is looking for a Director role to support the Municipal Research Group. The Municipal Research Group is responsible for analyzing credit across the municipal credit spectrum and the entire yield curve. Our primary goal is to assess credit opportunities in the municipal space for the Schwab separately managed accounts, mutual funds, and ETFs. The Director will be responsible for:

• Analyzing issuers and debt structures within the general government and revenue sectors; experience in the utility, transportation and the P-3 sub-sectors is a plus;
• Support portfolio managers in the security selection process which includes providing sector and issuer-specific risk assessments;
• Determining internal issuer/security ratings;
• Preparing detailed, concise, and accurate credit reports;
• Provide verbal credit presentations to large and small internal audiences;
• Responsible for macro credit analysis of assigned sectors the municipal bond market;
• Providing on-going surveillance of assigned security holdings.

The Director will report to a senior member of the credit group but will also work closely with other senior team members and mentor junior analysts.

Key factors for success in this role:

• Demonstrated knowledge of and interest in financial markets, specifically fixed income;
• Ability to think strategically and apply broad economic and municipal sector trends as a component of investment recommendations;
• Strong fundamental and in-depth issuer-specific credit analysis skills involving a broad range of general government and revenue credits; special expertise in the utility (water, sewer, public power), transportation (airports, toll roads) and P-3 sectors would be a plus;
• Experience analyzing lower rated municipal credits in the BBB / BB categories;
• Experience writing detailed, concise, and accurate credit reports;
• Strong technology skills, including a high level of proficiency in Microsoft Excel and CreditScope; experience with Bloomberg and credit model construction a plus;
• Strong and effective interpersonal and presentation skills;
• Good organizational skills with the ability to prioritize and handle multiple competing priorities within established deadlines;
• Ability to work both independently and as part of a team in making appropriate credit recommendations.

What you have

• Bachelor's degree required; advanced degree or CFA preferred
• 10 years of municipal credit experience at rating agency, bond insurer or buy-side firm
• Demonstrated experience mentoring and coaching junior level employees

In addition to the salary range, this role is also eligible for bonus or incentive opportunities.

What's in it for you

At Schwab, we're committed to empowering our employees' personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you'll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you - both today and in the future:

• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance

Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.