Credit Research Analyst - Associate

US Bank
Minneapolis, Minnesota
Base salary + Annual Bonus and benefits
Mar 17, 2021
Apr 16, 2021
Industry Sector
Asset Management
Employment Type
Full Time

U.S. Bancorp Asset Management is a Minneapolis-based firm (division of U.S. Bancorp, NYSE:USB) with more than $95 billion in assets under management. Focusing on short-term fixed-income investment-grade strategies, it manages separately-managed accounts for institutional investors, is advisor to the First American Funds family of money market mutual funds and administers the securities lending program of U.S. Bank National Association.

We are seeking an Associate Credit Research Analyst to join our fixed income team. The analyst will be supervised and mentored by the Director of Municipal Credit Research while conducting municipal credit research and analysis in support of institutional client portfolios.
Primary Duties

  • Develop municipal sector credit expertise
  • Conduct in-depth qualitative and quantitative fundamental analysis in order to assess credit and market risks for assigned investment grade issuers and sectors
  • Municipal budget and tax analysis, financial statement modeling and synthesis of municipal sector developments and market news flow
  • Provide, maintain, document and communicate proprietary credit assessments to inform portfolio management decisions and to comply with regulatory requirements
  • Monitor assigned issuers and sectors, as well as the broader municipal market, for changes in risk factors
  • Actively engage with municipal credit team and portfolio managers, and participate in portfolio- and credit meetings
  • Perform related ad hoc projects and requests

Basic Qualifications


  • Bachelor's degree in business, finance, econ, public policy or related, or equivalent experience
  • One to two years of experience in investment and securities industry



Preferred Skills/Experience


  • Basic understanding of institutional investment management
  • Basic knowledge of fixed-income markets and securities, financial analysis techniques and credit rating factors
  • Solid understanding of accounting, finance and investment principles
  • Good understanding of the economy and market conditions
  • Well-developed analytical skills, rigorous attention to detail and demonstrated ability to synthesize a variety of factors
  • Ability to work independently and prioritize effectively
  • Demonstrated intellectual curiosity and desire to learn
  • Effective verbal and written communication skills
  • Advanced Excel capabilities
  • Experience with the Bloomberg Terminal
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