Credit Research Analyst

Your opportunity

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us challenge the status quo and transform the finance industry together.

We believe in the importance of in-office collaboration and fully intend for the selected candidate for this role to work on site in the specified location(s).

Applicants must be currently authorized to work in the United States on a full-time basis without employer sponsorship.

As a Senior Analyst within Credit Research, you will provide independent research and recommendations on asset-backed commercial paper programs and asset-backed securities held across fixed income and money market portfolios. Your analysis will help portfolio managers and credit committees make informed investment decisions and identify emerging collateral, structural, liquidity, and counterparty risks.

You will evaluate transaction structures, collateral performance, credit enhancement, cash flow waterfalls, and liquidity support; perform modeling, stress testing, and ongoing surveillance; and translate complex findings into clear, actionable recommendations. You will own assigned coverage, prioritize time-sensitive reviews, and collaborate with portfolio management, trading, risk management, issuers, servicers, rating agencies, and other research partners.

Success requires structured finance expertise, analytical thinking, sound decision-making, clear communication, and adaptability as market conditions, portfolio needs, and research tools evolve. You will also help strengthen research methodologies, data analytics, automation, and AI-enabled surveillance capabilities.

What you have

Required Qualifications

Bachelor’s degree in finance, economics, accounting, business, or a related field

3 + years of experience in credit research, structured finance, fixed income analysis, banking, a rating agency, or a related investment discipline

Working knowledge of asset-backed commercial paper (ABCP) programs , including program structure, program-wide and seller-specific credit enhancement, liquidity facilit ies , asset eligibility and concentration criteria and seller/servicer quality

Working knowledge of asset-backed securities (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 communicate complex findings clearly 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

Preferred Qualifications

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

In addition to the salary range, this role is eligible for bonus or incentive opportunities.

What’s in it for you

At Schwab, you’re empowered to shape your future. We champion your growth through meaningful work, continuous learning, and a culture of trust and collaboration—so you can build the skills to make a lasting impact. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

401(k) with company match and Employee stock purchase plan

Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions

Paid parental leave and family building benefits

Tuition reimbursement

Health, dental, and vision insurance