Director, Credit Research Analyst

Your opportunity

Director, Credit Analyst

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together. 

Schwab Asset Management (SAM), the asset management arm of Charles Schwab Corporation, has more than $1 Trillion in assets under management (AUM) and is one of the nation’s largest retail money managers. SAM provides a wide variety of products ranging from money market funds, index mutual funds, actively managed mutual funds, exchange traded funds, multi-asset SMAs, and multi-asset fund-of-funds. As a provider of core investment products, SAM is an important enabler in fulfilling Schwab’s mission of helping everyone be financially fit and critical engine in the company’s profitability and growth.

We are recruiting a Director to support the credit research function.  The Credit Research Group is responsible for analyzing taxable and municipal issuers across the entire yield curve. The corporate credit research group’s primary goal is to assess credit opportunities in the corporate and securitized credit space for the Schwab separately managed accounts (SMAs), mutual funds, and ETFs.

The role can be based in Lone Tree, DFW, San Francisco, Chicago or Naples, FL.

Key Outcomes:

•  Strong fundamental and in-depth issuer-specific credit analysis skills with a focus on Asset Backed Securities, Asset Backed Commercial Paper Programs and corporate credit issuers.
• Write and maintain timely, decision-useful credit memos and issuer reports; document assumptions, data sources, and rationale to support repeatability, governance, and knowledge sharing.
• Perform ongoing proactive surveillance of covered names/programs: collateral/trust performance (as applicable), quarterly results, rating agency actions, and macro/industry developments.
• Evaluating credit developments, news events and economic trends; escalating emerging risks and update views promptly to make appropriate investment recommendations for the funds and SMAs.
• Partner with Portfolio Management, Trading, Risk, and Compliance to ensure alignment with investment guidelines, concentration limits, and documentation standards; support internal reviews and regulatory/audit requests as needed.
• Engage with issuer management teams, underwriters, sell-side research, and other market participants; synthesize inputs into an independent internal perspective.
• Contribute to portfolio-level analytics and reporting (exposures, sector themes, scenario sensitivities, watch lists) and help identify cross-issuer and cross-sector risks.
• Lead a team of experienced corporate credit research analysts. Provide coverage support and peer review; mentor junior analysts and contribute to a collaborative research culture.
• Continuously improving research workflows by standardizing templates and trackers and leveraging data tools (e.g., Excel, Bloomberg, internal systems).

What you have

Required Skills & Experience:

• Bachelor's degree required.
• Demonstrated knowledge of and interest in fixed income financial markets
• Excellent fundamental credit analysis skills combined with a strong quantitative acumen
• 5+ years of fixed income credit research experience or related analytical role
• Experience writing detailed, concise, and accurate credit reports.
• An experienced people leader leading teams of credit analysts.
• Deep detail orientation with excellent organizational skills; able to prioritize and handle multiple competing priorities within established deadlines.
• Ability to work both independently and as part of a team in making appropriate credit recommendations.