Municipal Research Analyst at Invesco

About Invesco

As one of the world’s leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.

What’s in it for you?

Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:

• Flexible paid time off

• Hybrid work schedule

• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution

• Health & wellbeing benefits

• Parental Leave benefits

• Employee stock purchase plan

Job Description Job Purpose (Job Summary):

Credit Analyst will perform fundamental credit analysis on issuers in the municipal bond market. Primary responsibilities include the development of fundamental credit opinions, assigning internal credit ratings, and establishing credit outlooks for individual municipal borrowers. The analyst will also be responsible for monitoring specific legislative, regulatory, economic, and fiscal developments related to the municipal market. Analyst is expected to actively maintain and communicate internal ratings and other risk assessments to the broader investment team. Coverage responsibilities would ideally reflect the strengths and professional background of the candidate.

Key Responsibilities / Duties:

• Analyst will be expected to identify, assume and manage credit risks and work effectively with investment team members
• Analyze multiple sectors and issuers within the municipal bond market
• Produce well researched, concise reports for investment professionals
• Maintain appropriate and required documentation in database supporting internal credit opinions
• Actively recommend changes to issuer-specific credit ratings and outlooks
• Communicate effectively with broader investment team
• Develop relationships with underwriters, sell-side research, credit rating agencies, professionals of municipal bond issuers and industry organizations
• Perform special projects, including AI-related projects, as required by the broader credit team

Work Experience / Knowledge:

• Up to 8 years of related work experience in fixed-income credit analysis
• Knowledge of municipal credit analysis preferred

Skills / Other Personal Attributes Required:

• Ability to cooperate in a team environment is critical
• Excellent analytical skills, with attention to detail and accuracy
• Excellent communication and interpersonal skills needed to effectively share knowledge and opinions with the broader investment team
• Ability to make decisions and recommendations despite incomplete information, sometimes under stressful conditions
• Open minded, flexible and willing to listen for other people’s opinions
• Must exhibit appropriate software knowledge of Windows-based applications, with expertise in Excel, PowerPoint, and Word; experience with Bloomberg a plus

Formal Education:

• Bachelor’s degree in Finance, Economics or related field
• MBA and/or CFA designation is preferred

#MTIVZ

The salary range for this position in Downers Grove, IL and New York is $125,000 -$135,000/year. The total compensation offered for this position includes salary and incentive pay and will vary based on skills, experience and location.

Full Time / Part Time

Full time

Worker Type

Employee

Job Exempt (Yes / No)

Yes

Workplace Model

Pursuant to Invesco’s Workplace Policy, employees are expected to comply with the firm’s most current workplace model, which as of October 1, 2025, includes spending at least four full days each week working in an Invesco office. This reflects our belief that spending time together in the office helps us build stronger relationships, collaborate more easily, and support each other’s growth and development.

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.