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Municipal Credit Research Analyst

At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.

Summary

This position will be responsible for credit analysis and driving performance within assigned Investment Grade Municipal Bond Sectors.

Primary Duties & Responsibilities

  • Provide timely evaluation of the fundamental credit quality of primary and secondary market offerings informed by fundamental credit and relative value views

  • Provide timely, high quality, independent obligor updates and maintain a current view on focus industries and credits

  • Maintain the internal credit database including a review schedule for all credits

  • Build and Analyze a quantitative risk assessment framework (credit scoring)

  • Demonstrate the ability to formulate, communicate and influence investment recommendations to the Municipal portfolio manager based on forward looking fundamental analysis

  • Prepare and deliver presentations to senior management on key issues, such as topical industry information, credit specific analysis, special project work, etc.

  • Maintain strong, professional relationships with sell-side and buy-side contacts, rating agencies, and issuer management teams

  • Regularly attend industry conferences, investor events and rating agency meetings

  • Use information technology to identify, develop and maintain tools that enhance the efficiency and effectiveness of the investment decision making process

  • Actively engage in Continuous Learning & Improvement (CL&I) initiatives

  • Exhibit a high level of integrity, trustworthiness, reliability and motivation

  • Promote a culture of mutual respect and courtesy

Qualifications

  • MBA or Master’s degree preferred, an undergraduate degree in finance, economics, mathematics or accounting acceptable

  • CFA designation is preferred, progress toward achieving the designation is also acceptable

  • 5+ years of buy-side asset management industry experience in municipal credit and a demonstrated track record of delivering research and investment ideas contributing to superior, risk adjusted results

  • Current or historical experience (5 years) in Municipal Credit Research

  • Candidates must have a proven track record of deep industry expertise within the investment grade municipal market, including General Obligation and select Revenue sectors

  • Within assigned industries, the candidate must have the ability to provide well-articulated, forward-looking fundamental credit views and an independent internal credit rating

  • Intermediate to advanced skills using Microsoft Office applications (Word, Excel, PowerPoint, Outlook)

  • Ability to develop and build relevant models and tools using inputs from Bloomberg and CreditScope

  • Proficiency with CreditScope, Bloomberg, Blackrock Aladdin is highly desirable

  • Knowledge of coding in SAS/R/Python is strongly preferred

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This job is not covered by the existing Collective Bargaining Agreement.

Required Certifications:

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We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.


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