Muni Research - Legal Specialist

Allspring is a leading asset management firm with close to $600 billion of assets under management, 24 offices globally, and specialized investment teams supported by more than 480 investment professionals. Allspring and our investment teams provide a broad range of differentiated products and solutions to help our diverse range of clients meet their investment objectives. We leverage the diversity of people, ideas, and skills to help our clients pursue their financial goals.

With a rich and established history in the asset management industry, Allspring is now a “start-up at scale” having spun off from Wells Fargo and acquired by GTCR and Reverence Capital Partners in November 2021. The new name, Allspring Global Investments, reflects our commitment to renewal, growth, and meaningful client outcomes. With decades of trusted expertise propelling us forward, we’re a company staying true to our core investment roots while reinventing ourselves to offer today’s investors a fresh perspective.

For more information, please visit www.allspringglobal.com.

Allspring Global Investment is seeking a Municipal Research Analyst/Legal Specialist to join the successful and growing Municipal Bond portfolio management team. The Municipal Bond team manages over $40B tax-exempt fixed income assets in various short and long-term duration separate accounts and mutual funds. Investments are made in both investment grade and non-investment grade securities.

RESPONSIBILITIES

• Conduct primary and secondary market municipal credit research utilizing fundamental credit analysis.
• Surveillance of existing security holdings.
• Daily discussions with portfolio managers regarding the purchase and sale of securities, with an emphasis on the underlying credit fundamentals of issuers.
• Documentation of credit recommendations and rating changes by the major credit rating agencies.
• Analysis of assigned sectors and monitoring of general credit trends in the municipal bond market
• Identification of relative value opportunities amongst credits and sectors.
• Advise team on legal structure of transactions including lien/collateral position and rights & remedies analysis.
• Advise team on corporate actions involving consent/waiver requests to modify muni documentation.
• Advise team on defaults, workouts, and restructurings of muni l holdings.
• Advise team on trading restrictions and reviewing confidentiality/non-discourse agreements.
• Advise team on investor letters and forward delivery agreements.
• Advise team on bankruptcy matters when needed.
• Advise team on private placements of municipal transactions.
• Update team on municipal legal and regulatory matters involving SEC, EMMA, NABL, IRS, MSRB, etc.

REQUIRED SKILLS

• 5 years of investment research and/or public finance/commercial lending legal experience.
• Active J.D. license.

DESIRED SKILLS

• A BS/BA degree or higher in business, finance, or economics.
• Proficiency with Bloomberg and Perform/Creditscope platforms.
• 5 years' experience at a buy-side firm, rating agency, bond insurer, or law firm.
• Broad knowledge of General Obligation and Revenue Bonds.
• Excellent verbal, written, and interpersonal communication skills.
• Ability to organize and manage multiple priorities and achieve results.
• Ability to work independently, proactively, innovatively, and creatively while exercising sound judgment.
• Ability to work effectively as a team player with ability to support team in achieving group goals.
• Ability to work as part of a highly dynamic and interdependent team.
• Ability to provide unique and differentiated insight for industries under coverage.
• Good analytical skills with high attention to detail and accuracy.
• Ability to interact confidently and professionally with municipal market participants.

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)