High Yield Municipal Bond Analyst

Company Overview

Silvercrest Asset Management Group LLC is a leading independent, registered investment advisor offering bespoke asset management and family office services to ultra-high-net-worth families and select institutional investors. Founded in 2002, Silvercrest provides a range of tailored investment strategies and wealth management solutions, specializing in long-term, customized planning and advisory services. The firm advises on over $35 billion in assets, serving a distinguished clientele, including families, endowments, foundations, and other institutional investors. Silvercrest’s commitment to a client-centric approach ensures personalized solutions emphasizing fiduciary responsibility and value creation. The firm combines proprietary research with institutional rigor, supporting clients with expertise across public and private markets, alternative investments, and family office services.

Job Objective: This is a unique opportunity for a motivated High Yield Municipal Bond Analyst to join Silvercrest’s Fixed Income Team. The team is highly collaborative, offering competitive, performance-based compensation within a dynamic and intellectually stimulating environment. Analysts are provided the flexibility to refine their analytical skills and contribute meaningfully to the team’s success through alpha generation.

The Analyst will focus primarily on researching high yield municipal bonds across various sectors, including healthcare, education, transportation, and special tax districts. Responsibilities include:

• Identifying and proposing high yield municipal bond investment opportunities for inclusion in client portfolios,
• Conducting thorough credit analysis, including financial modeling, stress testing, and scenario analysis,
• Engaging directly with issuers, underwriters, and municipal advisors to gain insights into credit fundamentals,
• Monitoring existing holdings for credit developments and assessing relative value opportunities,
• Participating in site visits, issuer meetings, and industry conferences,
• Collaborating with Fixed Income Portfolio Managers and other analysts to support strategic portfolio decisions.

The career path for a successful Analyst includes potential progression to Senior Analyst or Sector Lead roles, with opportunities to take on greater responsibility in portfolio management and strategy development. Advancement is driven by the Analyst’s ability to produce differentiated research, effectively communicate investment ideas, and contribute to portfolio performance.

Job Requirements:

• Minimum of 3 years of experience in municipal bond credit analysis, preferably with a focus on high yield credits,
• Strong understanding of municipal finance, credit structures, and relevant legal and regulatory frameworks,
• Exceptional analytical skills with the ability to interpret complex financial data and legal documents,
• Strong written and verbal communication skills to articulate investment theses clearly,
• CFA designation or progress toward CFA certification preferred,
• Proficiency in financial modeling and credit analysis tools,

Self-motivated with excellent time management skills and a strong sense of accountability

Silvercrest Asset Management Group LLC is an Equal Opportunity Employer.