Summer Internship
Job: Municipal Credit Analyst, Summer Intern
Grade: Summer Intern
Department: Surveillance
Summary:
The Summer Intern will assist the BAM surveillance team with the analysis of BAM-insured municipal issuers and credit trends in the municipal credit market. The Summer Intern will report to the Head of Surveillance and senior members of the surveillance team. At the conclusion of the internship, Summer Interns will be considered for a full-time position in BAM’s 2-year Rotational Analyst Training Program, which commences during the summer of 2023.
Essential Duties and Responsibilities:
BAM’s surveillance department is a key component of the company’s risk management structure and culture. Senior members of this department are responsible for monitoring a portfolio of insured credits and developing expertise in identifying and evaluating emerging risks across specific sectors within BAM’s portfolio.
The internship is comprised of two primary projects that are presented to BAM’s senior management:
- Individual credit reviews on existing BAM-insured credits, and
- Research reports on emerging credit trends.
Both projects require written reports that will be utilized by BAM’s surveillance department on an ongoing basis, and both projects offer an opportunity for Summer Interns to debate credit fundamentals with BAM’s senior management. Summer Interns may also assist BAM’s surveillance department with ad hoc projects related to portfolio risk analysis.
Throughout the internship, the Summer Intern will collaborate with analysts in several departments and will have the opportunity to interact with management-level professionals throughout BAM. The internship is structured in a way such that the Summer Intern is a participating member of BAM’s surveillance team and their contributions will be impactful to the organization as a whole.
Qualifications/Requirements:
- Expected undergraduate degree in Spring of 2023,
- Interest in public finance and exposure to economics, accounting and statistics,
- Strong analytical skills with knowledge of Word, Excel, PowerPoint and Outlook,
- Excellent written and oral communication skills, and
- Strong work ethic with a desire to work in a fast-paced, entrepreneurial and growing organization.
Company Description
Build America Mutual (“BAM”) is a financial guaranty mutual insurance company that is rated AA/Stable by Standard & Poor’s Rating Services. BAM is the bond insurance industry’s first mutual company and is engaged in providing credit enhancement for essential public purpose, municipal bonds issuers. BAM’s mission includes providing investors with durable, transparent protection against potential default while also providing efficient funding for municipal issuers in the US.