Municipal Underwriter

Why Stifel

Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.

 

Let’s talk about how you can find your place here at Stifel, where success meets success.

What You'll Be Doing

Stifel’s 250-member Municipal Securities Group is seeking a Municipal Underwriter to join our Municipal Syndicate Desk, preferred location in Denver, CO and San Francisco, CA.  The candidate will join the Municipal Underwriting team and work directly with the Head of Municipal Underwriting and Senior Underwriters across the country.  Stifel is the top national underwriter of negotiated municipal bond sales. Municipal Underwriters are responsible for coordinating all facets of the bond underwriting process, relying on knowledge and expertise of markets, concepts, and practices and procedures. The Underwriter works directly with municipal institutional sales professionals, municipal traders, public finance bankers, investors, and issuers to manage the new issues pricing process in across various regions and sectors.  This position will quickly gain a working knowledge of Stifel trading and underwriting systems and practices. Additionally, this role requires diligent oversight of the new issue process with a demonstrated ability to multi-task, communicate clearly and operate decisively in a fast-paced environment.

What We're Looking For

• Review internal new issue database with all new issue information, prepare pricing schedules, comparables and pricing strategy for new issue engagements.
• Participate on conference calls, meetings and Public Finance interviews for new business opportunities.
• Account for and maintain syndicate balances along with orders and indications of interest for new issues.
• Utilize Bloomberg functions regarding deal distribution, pricing and messaging.
• Manage and facilitate the process for effectively disseminating comprehensive information regarding new issue scales, pricing, balances, CUSIPS and trade execution.
• Coordinate with Compliance to ensure all deal information is accurately updated for daily distribution of reports to multiple departments

What You'll Bring

• Proactive and dynamic attitude along with excellent communication and presentation skills, as this role requires interaction and business development with a wide range of stakeholders including banking, sales, trading, issuers, investors and internal stakeholders.
• Demonstrates the ability and desire to build and develop skillset and add value to team
• Ability to demonstrate depth of knowledge in municipal credit and finance
• Strong understanding of market dynamics

Education & Experience

• Bachelor’s degree is required
• Minimum of 2-5 year on trading or underwriting desk

Licenses & Credentials

• FINRA SIE, Series 7 or 52 and Series 63 or ability to obtain within 6 months of hire

Compensation Range

Salary: - Actual salaries may vary, and may be based on several factors, including but not limited to each candidate’s qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel’s overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel’s current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled.

About Stifel

Stifel is more than 130 years old and still thinking like a start-up.  We are a global wealth management and investment banking firm serious about innovation and fresh ideas.  Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

 

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations.  Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more.  Let’s talk about how you can find your place here at Stifel, where success meets success.

 

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

 

Stifel is an Equal Opportunity Employer.