Credit Research Analyst/Senior Credit Analyst
Public Trust Advisors is a rapidly growing investment advisor with over $50 billion in assets under management and administration. The firm specializes in managing and serving short-to-intermediate investment needs of municipal governments nationwide. Public Trust is seeking credit research staff who will support the mission of protecting client assets through rigorous counter-party research and analysis. The position is based in Denver, CO. Open to relocation.
The Credit Research Analyst will be responsible for conducting fundamental credit analysis of domestic and international banks. The successful candidate will have an established record in credit analysis and be proficient in conducting research and drafting issuer and sector-wide analysis. Strong communication skills are necessary (both written and verbal), and the candidate must have a good understanding of macroeconomics and of the fixed income market. Reporting to the Director of Credit Research, this individual will be a member of the Public Trust Credit Committee and will work as part of a team in a dynamic work environment.
Essential Duties and Responsibilities:
- Fundamental credit analysis of approved and proposed financial sector names through due diligence, sector and issuer research. Develop and conduct proprietary analysis, draft compelling written recommendations and present before Credit Committee. Prepare written reports for new initiations, annual credit reviews, sector overviews, and other updates as needed.
- Generate forward-looking analysis with the goal of acting ahead of Nationally Recognized Statistical Rating Organizations and other market participants.
- Will act as lead on specific domestic and international financial institution issuers, will vote in Credit Committee on strategies affecting all sectors, and will draft ad hoc thought leadership reports over time.
- Ongoing surveillance of macroeconomic indicators in various geographies, monitoring of bank regulation across jurisdictions, solid understanding of sector trends, and analysis of quarterly bank earnings reports.
- Close monitoring of financial metrics, market signals and other factors by leveraging internally developed risk management models.
- Continual cycle surveillance using pre-established markers. Encouraged to recommend enhancements to analytical tools and proprietary products.
- Interaction with portfolio managers and the Credit Research and Risk Management team to determine appropriate issuers for inclusion in lists, hold codes, and concentration limits.
- Draft credit market and/or macroeconomic analyses on a weekly, monthly and quarterly basis.
- Prepare exposure reports used to monitor the firm’s investments.
- Attend industry conferences as needed.
- Client presentations on an as needed basis.
- Ad hoc projects may be required on occasion.
- Bachelor’s degree in Finance, Economics, or Accounting. Advanced degree and/or progress toward CFA designation preferred.
- Credit Research Analyst:
- 3-5 years of experience in fundamental investment analysis gained at a bank, asset manager, rating agency or another financial services firm.
- Senior Credit Analyst:
- Prior experience conducting fundamental credit analysis on banks mandatory.
- Minimum of 5 years of fundamental investment analysis gained at a bank, asset manager, rating agency or another financial services firm.
- Ability to conduct in-depth research and analysis of complex banks with minimal guidance.
- MS Office skills
- Advanced Excel skills
- Familiarity with Bloomberg and S&P Global Market Intelligence a plus
- Ability to analyze large amounts of data and information.
- Ability to conduct macroeconomic, sector, regulatory and company research independently.
- Strong time management skills.
- Accuracy and strong attention to detail required, with the ability to work efficiently under tight deadlines.
- Employee will need to think quickly on their feet and defend their analysis.
- Able to exercise independent judgment and work well with all levels of employees.
- Excellent oral and written communication skills required. Incumbent will demonstrate the ability to concisely distill an issuer’s story, highlight meaningful trends and details, and communicate the strengths, weaknesses and areas of required due diligence for a specific bank.
- Keen sense of macroeconomic and sector trends and the ability to convey their impacts on financial institutions and portfolio holdings.
- Strong presentation skills to diversified audiences required.
- Strong teamwork skills required.