jobs description

We exist to help people achieve financial clarity. At Thrivent, we believe money is a tool, not a goal. Driven by a higher purpose at our core, we are committed to providing financial advice, investments, insurance, banking and generosity programs to help people make the most of all they’ve been given.

At our core, we are a membership-owned fraternal organization, as well as a holistic financial services organization, dedicated to serving the unique needs of our clients. We focus on their goals and priorities, guiding them toward financial choices that will help them live the life they want today—and tomorrow.

Job Summary

The Associate Fixed Income Research Analyst - Securitized Assets is responsible for analyzing and recommending the purchase and sale of public corporate bonds and related securities with the analysts assigned industries under the guidance of a senior research analyst. This position also is responsible for monitoring existing investments, managing credit risk, making industry recommendations in conjunction with a senior analyst, and maintaining relative weighting and relative value recommendations within the credit market.

This position is an entry-level investment professional role, responsible for dependent research under the guidance of a senior research analyst.

The Fixed Income research function is responsible for conducting research analyses on specific organizations, securities, financial products, and the overall economic environment. The US Corporate Bonds/Credits focus covers corporate bonds issued by US corporations.

Job Responsibilities and Duties

• Assist with the fundamental analysis on companies, industries, and sectors.
• Support the development and maintenance of financial models to help evaluate credit worthiness.
• Prepare preliminary credit reports and assist in the preparation of providing relative value opinions and portfolio recommendations.
• Collaborate with senior analysts and portfolio managers in managing credit risk by monitoring existing holdings and portfolio weightings.
• May learn how to analyze company financial statements from a bondholder’s perspective to develop an opinion of a company’s operational strengths, weaknesses and directional outlook.
• Proactively and timely communicate relevant information to senior analysts.
• Participate in team meetings and contribute to discussions on credit analysis and investment strategies.
• Utilize all available technological resources to maximize efficiency.
• Accountable for the completion of assigned deliverables with significant day-to-day management.
• Uses judgement, but supervision required for overall task.

Job Qualifications

Required:

• Bachelor’s degree in finance, business, economics or related field.
• Zero to two years of prior investment professional experience (entry level).
• Self-motivated and drive to learn from multiple senior analysts, director and portfolio managers.
• Strong analytical, mathematical, statistical and problem solving skills.
• Strong written, verbal, and interpersonal communications skills.
• Ability and eagerness to work collaboratively in a team environment.
• High level of organization and attention to detail.

Preferred:

• Bachelor’s degree PLUS progress toward CFA (Chartered Financial Analyst), CQF (Certificate in Quantitative Finance), FRM (Financial Risk Manager), or CERA (Charted Enterprise Risk Analyst).

Other Critical Factors

• Responsible for analyzing, recommending, and trading securitized asset bonds and related securities. Perform fundamental analysis on issuers/sectors within the securitized universe.
• Analyze risks including prepayment sensitivity, underlying collateral performance, and other risks.
• Assist in developing relative value opinions at the asset class and sector level that will translate into portfolio recommendations.
• Assist in managing credit and prepayment risk in all sectors by monitoring existing holdings and portfolio weights.

Additional Information

• This position requires you to work on-site in Minneapolis, MN 4 to 5 days a week.

Pay Transparency

Thrivent’s long-term growth depends on attracting, rewarding, and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract, reward, and retain top talent. The applicable salary or hourly wage range for this full-time role is $90,281.00 - $122,145.00 per year, which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including, but not limited to, location, relevant experience, skills, and knowledge, business needs, market demand, and other factors Thrivent deems important.

Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives. That extends to our benefits. The following benefits may be offered: various bonuses (including, for example, annual or long-term incentives); medical, dental, and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits, and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan/policy documents. Thrivent’s plans/policies are subject to change at any time at Thrivent’s discretion.

Thrivent provides Equal Employment Opportunity (EEO) without regard to race, religion, color, sex, gender identity, sexual orientation, pregnancy, national origin, age, disability, marital status, citizenship status, military or veteran status, genetic information, or any other status protected by applicable local, state, or federal law. This policy applies to all employees and job applicants.

Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation, please let us know by sending an email to or call 800-847-4836 and request Human Resources.

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Minneapolis MN United States

salary-criteria

Apply - Associate Fixed Income Research Analyst - Securitized Assets