Credit Research Analyst

Charles Schwab Inc.•Lone Tree, CO

2d•$130,000 - $190,000•Onsite

About The Position

At Schwab, the Credit Research Analyst will serve as a Senior Analyst within Credit Research, providing independent research and recommendations on asset-backed commercial paper programs and asset-backed securities held across fixed income and money market portfolios. The analysis supports portfolio managers and credit committees in making investment decisions and identifying emerging collateral, structural, liquidity, and counterparty risks. The role evaluates transaction structures, collateral performance, credit enhancement, cash flow waterfalls, and liquidity support. It includes modeling, stress testing, ongoing surveillance, and communicating complex findings as clear, actionable recommendations. The analyst owns assigned coverage, prioritizes time-sensitive reviews, and collaborates with portfolio management, trading, risk management, issuers, servicers, rating agencies, and other research partners. The position calls for structured finance expertise, analytical thinking, sound decision-making, clear communication, and adaptability as market conditions, portfolio needs, and research tools evolve. The analyst also contributes to strengthening research methodologies, data analytics, automation, and AI-enabled surveillance capabilities. The selected candidate is expected to work on site in the specified location(s). The role is eligible for bonus or incentive opportunities in addition to the salary range.

Requirements

Bachelor’s degree in finance, economics, accounting, business, or a related field.
At least 3 years of experience in credit research, structured finance, fixed income analysis, banking, a rating agency, or a related investment discipline.
Working knowledge of ABCP programs, including program structure, program-wide and seller-specific credit enhancement, liquidity facilities, asset eligibility and concentration criteria, and seller/servicer quality.
Working knowledge of ABS across collateral types, including cash flow waterfalls, credit enhancement, collateral performance, servicer and originator quality, and review of transaction documents and trustee reports.
Ability to develop well-supported credit recommendations and clearly communicate complex findings to portfolio managers, credit committees, and cross-functional partners.
Strong analytical thinking, decision-making, collaboration, and adaptability when evaluating changing market conditions and emerging risks.

Nice To Haves

Experience performing cash flow modeling, scenario analysis, or stress testing for structured finance transactions.
Experience with structured finance analytics platforms or credit surveillance systems.
Advanced Microsoft Excel and financial modeling capabilities.
Familiarity with data analytics, automation, or AI-enabled research workflows.
Strong written, verbal, and presentation communication skills.

Responsibilities

Provide independent research and recommendations on asset-backed commercial paper programs and asset-backed securities held across fixed income and money market portfolios.
Evaluate transaction structures, collateral performance, credit enhancement, cash flow waterfalls, and liquidity support.
Perform modeling, stress testing, and ongoing surveillance.
Translate complex findings into clear, actionable recommendations for investment decisions.
Own assigned coverage and prioritize time-sensitive reviews.
Collaborate with portfolio management, trading, risk management, issuers, servicers, rating agencies, and other research partners.
Help strengthen research methodologies, data analytics, automation, and AI-enabled surveillance capabilities.