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What Youll Do
We're looking for an Associate Fixed Income Analyst to join our Structured Product Fixed Income team. In this role, you'll conduct fundamental research, surveillance, and analysis on ABS, CLO, and Non-Agency RMBS sectors!
- Collect, distribute, and analyze market information using a variety of tools and databases such as Bloomberg, Intex, and Excel to identify critical data for decision-making
- Perform statistical analysis, analyze collateral quality metrics and cash flow distributions to formulate recommendations
- Become familiar with factors that could affect portfolios including, but not limited to changes to financial regulation, NRSRO/NAIC methodology and ratings, capital requirements, political and economic environment and any fundamental and technical changes to the securitized product market
- Develop and communicate opinions of relative value in the securitized products market sector. Stay abreast of relevant news events. Provide insights to portfolio managers and senior analysts
- Assist teams in producing weekly, monthly, and quarterly research publications. Contribute to preparing presentation materials and delivering on special projects as needed
Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!
Principal Asset Management offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at
Who You Are
- Bachelors degree in a technical field (ie finance, accounting, economics, statistics, engineering, data science, business analytics)
- Must be able to understand basic accounting principles and economic theory, interpret financial statements, and efficiently and effectively research, compile and analyze information
- Collaborative, able to build and maintain strong relationships, manage expectations, attend to details, multi-task and prioritize effectively
- Advanced Excel skills including VBA and Macros
Skills That Will Help You Stand Out
- Previous internship in fixed income or related technical field
- Undergraduate GPA of 3.5 or above
- Progress towards CFA
- Knowledge of financial markets and fixed income strategies, including general knowledge of bond mechanics and pricing calculations
- Excellent abilities in the areas of communication (verbal and written), time management
- Previous experience with Bloomberg and/or Intex
- Additional programming languages (ie MATLAB, R, Python, SQL)
This position may be subject to SEC restrictions on personal political contributions.
Salary Range InformationSalary Range (Non-Exempt expressed as hourly Exempt expressed as yearly)Time Off ProgramPension EligibleAdditional Information
Location(s)
This role will be based out of our World Headquarters located in Des Moines, IA.
Work Environments
This role offers the ability for in-office or four days in-office and one day remote. You'll work with your leader to figure out which option may align best based on several factors.
Work Authorization/Sponsorship
At this time, were not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
and
Green Card for Employment-Based Immigrants
Investment Code of Ethics
For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.
Experience Principal
At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our
Principal is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
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