Senior Fixed Income Analyst

About the role

The Senior Fixed Income Analyst is responsible for conducting in-depth credit research and analysis across corporate and municipal fixed income securities while supporting portfolio manager decision-making across fixed income SMAs. Leveraging advanced experience across corporate, municipal, and structured products markets, this role independently conducts deep fundamental, market, and economic research; develops investment theses; and provides high-conviction recommendations to portfolio managers. These recommendations include issuer-specific guidance and portfolio parameter changes, both of which directly impact day-to-day trading activities across a $2 billion portfolio. The role works directly with financial advisors to support end-client conversations, participates in portfolio positioning and the creation of new strategies, and additionally executes trades across client portfolios with precision, market awareness, and product expertise.

Responsibilities

• Conduct independent, in-depth research on corporate issuers, including financial analysis, sector assessments, and structural evaluation.
• Conduct detailed analysis of state and local municipal government finances, pension obligations, tax-base trends, revenue sources, and debt structures.
• Provide buy/hold/sell recommendations on corporate and municipal issuers.
• Place corporate, treasury, municipal, structured product, and agency trades across client portfolios, ensuring accuracy, compliance alignment, and efficient implementation of portfolio strategy.
• Partner with financial advisors by delivering fixed income market insights, product knowledge, and credit perspectives to support end-client conversations.
• Lead the development and maintenance of municipal and corporate credit frameworks, sector outlooks, and approved issuer lists.
• Monitor municipal and corporate market developments and provide regular credit updates to portfolio managers and advisors.
• Serve as a primary research partner to portfolio managers in portfolio construction and sector allocation decisions.
• Provide recommendations regarding portfolio positioning, duration management, sector weighting, and credit allocation.
• Participate in investment strategy discussions and contribute to strategic portfolio decisions.
• Serve as lead researcher on the buildout of new strategies.
• Mentor and train Fixed Income Analysts on credit research methodologies, municipal and corporate analysis, and fixed income market fundamentals.
• Represent the credit committee in advisor meetings, client reviews, and market update presentations.
• Create fixed income content for internal audiences, advisors, and end clients.
• Identify and implement process improvements that increase research efficiency and scalability.

Requirements

• Advanced credit analysis skills, including financial statement analysis, leverage and coverage ratios, cash flow modeling, and covenant evaluation across corporate issuers.
• Deep expertise in municipal finance, including state and local government budgets, tax-base trends, pension and OPEB liabilities, revenue sources, and general obligation bond structures.
• Strong relative value and structured product analysis skills across corporate, municipal, and structured fixed income sectors.
• Proficiency in portfolio construction principles, including duration management, yield curve positioning, and sector and credit allocation specific to SMAs.
• Sound judgment in OTC fixed income trading, including bond pricing, liquidity assessment, and best-execution practices.
• Strong proficiency with fixed income analytics platforms, such as Bloomberg, and financial modeling in Excel.
• Strong written and verbal communication skills, with the ability to translate complex credit analysis into clear guidance for portfolio managers, advisors, and clients