Municipal Credit Research Analyst, Associate

About this role

About BlackRock:

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

Position Overview:

BlackRock seeks an individual to join its Municipal Credit Research team located in Princeton, NJ and New York, NY. The analyst will report to a Senior Credit Research Analyst and will be responsible for analyzing financial statements, industry/competitive analysis and preparing credit reviews on municipal fixed income securities across a variety of sectors. This position requires close interaction with our portfolio management team providing investment recommendations based upon both fundamental credit analysis and relative value metrics. The analyst will also assist with sector deep-dive reviews, client presentations and mentoring of junior staff members.

The responsibilities of a Municipal Credit Research Associate include:

• Conduct fundamental credit analysis and review bond documents of various issuers

• Monitor credit quality of client investments across a broad range of US Public Finance sectors, provide written credit opinions and market analysis utilizing issuer financial statements, bond pricing and other available resources

• Understand economic, social, and political trends with an emphasis on identifying factors affecting municipal credit quality

• Make buy, hold or sell investment recommendations based upon comprehensive research in consideration of both short-term and long-term time horizons, with an understanding for upside/downside estimate

• Perform due diligence, market analysis, and cash flow projections for rated and non-rated issuers

• Build partnerships and strong working relationships with peers, portfolio managers and other internal stakeholders, serving as a resource and an ambassador of the Municipal Tea

• Develop deep connections with sell-side traders/analysts, internal/external counsel, industry consultants, rating agencies and other municipal professionals

• Attend and potentially speak at industry conferences as an industry expert

• Participate in site visits as necessary

• Implement new technology capabilities to create department efficiencies and improve best practices

• Work with Senior Municipal Leadership on special projects

 

Qualifications:

• 2-5 years credit research experience

• Undergraduate degree; progress towards Master’s degree or CFA

• Excellent written and verbal communication skills

• Demonstrated history of working on a highly collaborative team

• Critical thinker, detail oriented and experienced in financial statement analysis

• Ability to multi-task while working under pressure with limited supervision

• Deep passion for financial markets

• Proficient in MS Office suite with technical expertise necessary to enhance productivity

• Knowledge of Creditscope and Bloomberg a plus

 

We are looking for people who are:

• Curious: You like to learn new things and have a self-starter personality

• Passionate: You feel personal ownership for the work you do and an aspiration to be better

• Open: You value and respect input from others and want to work as part of a team

• Experimental: You make mistakes, but learn from them, while demonstrating intellectual honesty

 

For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance. For Princeton, NJ Only the salary range for this position is USD$105,000.00 - USD$140,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.