GFI – Muni Credit Research Analyst

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 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.

The Global Fixed Income team offers investment solutions across markets and across the risk continuum, from index to hedge funds. A team of more than 400 fixed income professionals enables us to provide extensive global coverage of the fixed income markets. Our fixed income team draws from a deep understanding of the markets and extensive fixed income product expertise. Relative value strategy meetings combine top-down and bottom-up investment insights, resulting in a holistic and comprehensive assessment of both risks and opportunities. BlackRock Fixed Income’s institutional index funds and iShares strategies span the world’s investable fixed income markets. Our portfolio construction process entails detailed benchmark knowledge, efficient trading, and performance analysis.

BlackRock is among the largest municipal bond managers in the world with approximately $125 billion in assets under management. The department consists of 54 professionals including Portfolio Managers, Trading and Credit Research. We are sourcing for a Research Analyst to join the Municipal Credit Research team within Fixed Income. The analyst will be supporting the Portfolio Managers with respect to decisions involving credit analysis.

Job Description:
The responsibilities of a Credit Research Analyst include:
Conduct due diligence, market analysis, and cash flow projections for municipal governments and revenue backed issuers.

Assist senior analysts with the due diligence, market analysis, and cash flow projections for speculative grade and high-yield investments.

Make buy, hold or sell investment recommendations based upon comprehensive research in consideration of short-term versus long-term time horizons.

Build partnership and strong working relationship with the analysts and portfolio managers in the region and throughout the firm, serving as a resource and an ambassador of the Municipal Team.

Develop relationships with the rating agencies, sell-side traders / analysts, internal / external counsel, industry consultants

Understand economic, social, and political trends throughout the United States, with emphasis on identifying regional factors affecting the Tax-Exempt bond market

Participation in the CFA Program

Qualifications :
Undergraduate/Graduate degree, preferably in Finance or Economics

1-3 years working experience

Excellent written and verbal communication skills

Proficient with Excel and Word

Flexible, responsive and self-starting personality with keen attention to detail. Open-minded thought process and intellectual honesty with an ability to dynamically adapt to coverage of different parts of the credit spectrum

Must possess the desire and ability to work in a team-oriented environment

Natural relationship building orientation; collaborative

Passion for following the markets

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, disability, veteran status, and other statuses protected by law.