About this role
This role leads the credit research function at Schwab Asset Management, analyzing taxable and municipal issuers across the yield curve. The Director will produce research memos, monitor credit risk through proactive surveillance, and support investment recommendations for SMAs, mutual funds, and ETFs while managing and mentoring a team.
Key Responsibilities
- Perform fundamental issuer-specific credit analysis across the yield curve
- Write and maintain timely credit memos and issuer reports for decision-making
- Conduct ongoing proactive surveillance and escalate emerging risks promptly
- Partner with Portfolio Management, Trading, Risk, and Compliance to align with guidelines and limits
- Lead a team of corporate credit research analysts, providing peer review and mentorship
Technical Overview
The technical scope is financial credit research and surveillance, including Asset Backed Securities and Asset Backed Commercial Paper Programs. The posting references using Excel and Bloomberg (spelled partially in the text as “Bloomber”) and delivering portfolio-level analytics such as exposures, sector themes, scenario sensitivities, and watch lists.
Ideal Candidate
The ideal candidate is a senior credit research professional with strong issuer-specific credit analysis experience across Asset Backed Securities and Asset Backed Commercial Paper Programs. They can produce decision-useful credit memos and issuer reports, run ongoing proactive surveillance, and partner effectively with Portfolio Management, Trading, Risk, and Compliance while leading and mentoring a team.
Must-Have Skills
Strong fundamental and in-depth issuer-specific credit analysis skills with a focus on Asset Backed SecuritiesAsset Backed Commercial Paper Programs and corporate credit issuersWrite and maintain timelydecision-useful credit memos and issuer reportsPerform ongoing proactive surveillance of covered names/programsEvaluating credit developmentsnews events and economic trends; escalating emerging risks and update views promptlyPartner with Portfolio ManagementTradingRiskand Compliance to ensure alignment with investment guidelinesconcentration limitsand documentation standardsEngage with issuer management teamsunderwriterssell-side researchand other market participants; synthesize inputs into an independent internal perspectiveLead a team of experienced corporate credit research analystsContinuously improving research workflows by standardizing templates and trackers and leveraging data tools (e.g.ExcelBloomber
Tools & Platforms
ExcelBloomber
Required Skills
credit analysisissuer-specific credit analysistaxable and municipal issuers analysisAsset Backed SecuritiesAsset Backed Commercial Paper Programscredit memosissuer reportsproactive surveillancecollateral/trust performance monitoringrating agency actions monitoringmacro/industry developments analysiseconomic trends analysisinvestment recommendationsportfolio analytics and reportingexposuressector themesscenario sensitivitieswatch listslead a teampeer reviewmentoring junior analyststemplates and trackersExcelBloomberg
Hard Skills
credit analysisissuer-specific credit analysistaxable and municipal issuers analysisasset backed securitiesasset backed commercial paper programscorporate credit analysiscredit memosissuer reportsproactive surveillance of covered names/programscollateral/trust performance monitoringquarterly results monitoringrating agency actions monitoringmacro/industry developments analysisevaluating credit developmentsnews events analysiseconomic trends analysisinvestment recommendationsportfolio analytics and reportingexposures analysissector themes analysisscenario sensitivities analysiswatch lists creationcross-issuer risk identificationcross-sector risk identificationleading a teampeer reviewmentoring junior analystsstandardizing templates and trackersdata tools usageExcelBloomber
Soft Skills
leadershipmentorshipcollaborationcommunicationstakeholder managementindependent perspective synthesisescalation of emerging risksgovernance support
Keywords for Your Resume
DirectorCredit Analystcredit researchcredit analysisissuer-specific credit analysistaxable issuersmunicipal issuersyield curveAsset Backed SecuritiesAsset Backed Commercial Paper Programscorporate credit issuerscredit memosissuer reportsproactive surveillancecollateral/trust performancequarterly resultsrating agency actionsmacro/industry developmentseconomic trendsinvestment recommendationsPortfolio ManagementTradingRiskComplianceinvestment guidelinesconcentration limitsdocumentation standardsunderwriterssell-side researchportfolio-level analyticsexposuressector themesscenario sensitivitieswatch listscross-issuer riskscross-sector riskslead a teampeer reviewmentor junior analyststemplates and trackersExcelBloomber
Deal Breakers
Must have strong issuer-specific credit analysis skills focused on Asset Backed Securities and Asset Backed Commercial Paper Programs, Must be able to write and maintain timely credit memos and issuer reports, Must be able to perform ongoing proactive surveillance and escalate emerging risks, Must have experience partnering with Portfolio Management, Trading, Risk, and Compliance
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