Desk Analyst, High Yield Municipal Bond Trading

What You'll Be Doing

Stifel is seeking a highly motivated High Yield Desk Analyst to join our Municipal Bond Trading Desk in Los Angeles. This is a high-impact role within a market-leading franchise.

• Provide end-to-end support for the High Yield Municipal Trading desk, including trade entry, hedge monitoring, and reconciliation of daily activity.
• Maintain real-time internal posts regarding desk positions, bids-wanted, and specific credit developments to keep the broader Fixed Income Capital Markets team informed.
• Organize and run bid/offer lists, tracking competitive outcomes and providing the desk with actionable data on market clearing levels.
• Act as a primary point of contact for broker-dealers and internal sales desks, handling high-volume inquiries with speed and professional rigor.
• Collaborate closely with the Public Finance Origination department to provide market feedback on new-issue pricing and structures, helping to market and execute new municipal bond issues.
• Update and maintain financial models to analyze credit projections for a variety of debt structures.
• Collect and synthesize data relating to high yield fund flows, high yield supply, default rates, rating changes, and credit spreads to inform a macro view on high yield market technicals and fundamentals.

What We're Looking For

A candidate in this role would be expected to grow into an increasingly senior role in fixed income trading, sales or credit analysis.

Qualifications

• Minimum Required: Bachelor’s degree in Finance, Economics, or a related quantitative field.
• Minimum Required: 0–2 years of experience in fixed income, preferably with exposure to municipal bonds, high yield credit, or trading desk operations.
• Minimum Required: Possession of FINRA Series 7, 63, and 52 (Municipal Securities Representative) licenses is expected to occur within the first year.
• Advanced Excel skills (financial modeling, VLOOKUPs, Pivot Tables) and familiarity with Bloomberg terminals are highly preferred.

Benefits

• Salary: USD $85,000.00/Yr. - USD $95,000.00/Yr.
• Comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
• Equal Opportunity Employer.