Summary: The Municipal Credit Analyst is responsible for supporting the portfolio management process through borrower level analysis, identification of sector trends and idea generation. The position has a strong focus on high yield credits with the ability to shift focus to various sectors as needed.
Essential Duties and Responsibilities:
- Identify investment opportunities in the primary and secondary market utilizing all sources of available information to perform independent credit risk analysis in the municipal bond universe.
- Specific sector expertise can be additive, but the role requires the ability to shift focus as primary market focus shifts and/or as specific sectors or geographies experience changes in creditworthiness that warrant greater attention.
- Work closely with Senior Credit Analyst and Portfolio Manager for both high yield and investment grade municipal bond funds to identify risks at the sector and borrower level to improve the funds abilities to best track their underlying indexes. This includes initiating coverage of credits in the primary and secondary market as well as continued surveillance and documenting opinions for inclusion in portfolio management database tool.
- Work with Product Manager on producing content to explain certain trends, events and opportunities in the municipal bond market to VanEck clients.
- Contribute to the ongoing development of credit analysis tools, along with VanEck s Quantitative Solutions Group, with the goal of tapping a more broad and real time set of data through the use of technology.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
Supervisory Responsibilities: This job has no supervisory responsibilities.
Qualifications:
- 3-8 years of credit analysis experience in the municipal bond market, with a focus on high yield.
- Demonstrated ability to perform credit risk analysis through the use of quantitative tools and to develop models for analyzing a variety of borrowers.
- Excellent communicator articulate with strong written and oral presentation skills.
- Ability to interact effectively with clients and colleagues in a professional manner; outstanding ethics, integrity, and judgement; strong work ethic and desire to learn.
Education and/or Experience:
- Bachelor Degree in finance, economics, math, business, or related field of study
- CFA designation or working towards is a plus.
Compensation:
- If this position will be performed in whole or in part in New York City, the base salary range is $140,000 to $160,000. Individual salaries may vary based on different factors including but not limited to, skills, experience, job-related knowledge, and location. Base salary does not include other forms of compensation or benefits offered in connection with this position.
VanEck is committed to treating all applicants and employees fairly and to providing equal opportunity in compliance with applicable federal, state and local laws. VanEck does not and will not discriminate against any employee or applicant for employment on the basis of race, religion, ancestry, color, gender, gender identity, pregnancy, age, physical or mental disability, national origin, marital status, sexual orientation, citizenship status, covered-veteran or military status, genetic information, and/or any other factor protected by law.