Palisades - Evanston, IL

posted 2 months ago

Full-time - Mid Level
Remote - Evanston, IL
Support Activities for Mining

About the position

Palisades Group is seeking a Macro Credit Research Analyst at the Associate or Vice President level to join its Investment Management Team in either Austin, Texas, or Evanston/Chicago, Illinois. The firm, an alternative asset manager in the global residential credit markets, has managed over $35.8 billion in loans, real estate, and fixed income securities since its inception in 2012. The ideal candidate will possess expertise in researching fixed income markets, securitization, interest rates, and other factors influencing housing and residential credit markets. This role involves conducting research, performing in-depth data analysis, developing and maintaining models, and producing reports on macroeconomic and market trends affecting the fixed income, credit, and residential housing sectors. The Macro Credit Research Analyst will work closely with portfolio managers, traders, and other investment professionals to stay informed about market developments and produce insights on factors affecting portfolio strategies. Key responsibilities include formulating and articulating investment views across global credit markets, building and maintaining models to track fundamentals and relative value across key macro credit markets, and writing differentiated and thoughtful research for distribution to internal stakeholders and external clients. The position requires a team player who is willing to work on cross-functional projects and can effectively communicate complex concepts to both internal and external constituents. Candidates should be intellectually curious, self-starters with strong attention to detail, and capable of working under time-sensitive deadlines. The role offers the opportunity to collaborate across various teams within the company, including Data Research & Reporting, Trading & Analytics, Asset Management, Capital Markets, Transaction Management, and Collateral Management, while learning from industry-leading professionals.

Responsibilities

  • Conduct research on fixed income products, mortgage credit markets, housing, labor markets, interest rates, and other areas influencing housing and mortgage credit investments.
  • Follow events related to credit markets, including central bank policies, economic indicators, debt issuance trends, and fund flows.
  • Develop and maintain models for analyzing macroeconomic trends and their impact on credit markets.
  • Leverage data sources to identify dislocations/investment opportunities and flag new ideas for original research content.
  • Monitor market and economic events, provide timely analysis, and respond to requests from team members.
  • Collaborate with team members to integrate research insights into investment decisions.
  • Research new signals and continuously improve existing ones.
  • Assist in the creation of regular research publications and presentation materials.
  • Produce written reports on findings and present insights to investment professionals and clients.
  • Communicate with clients and media, articulating views on macroeconomic trends.

Requirements

  • Minimum 2-4 years of experience with research related to residential mortgage markets or fixed income.
  • Previous experience as a credit research analyst on the buy or sell side.
  • Experience with mortgage loan datasets, such as Black Knight, CoreLogic, Fannie/Freddie is a plus.
  • A passion for investing and markets.
  • Understanding of fixed income markets and bond valuation.
  • Proficiency with Bloomberg, Microsoft Excel, and PowerPoint.
  • Comfort with analyzing large data sets.
  • Programming skills are a plus.
  • Solid writing skills.
  • Collaborative self-starter, eager to learn.
  • Ability to multitask and manage multiple priorities/deadlines.
  • Excellent analysis and problem-solving skills; ability to abstract and formalize problems.
  • Exceptional verbal, written, and interpersonal communication skills.

Nice-to-haves

  • Experience with programming languages for data analysis.
  • Familiarity with advanced statistical analysis techniques.

Benefits

  • Medical, dental, and vision insurance
  • 401(k) retirement plan matching
  • Charitable giving employee matching program
  • Continuing education and professional certification expense reimbursement
  • Wellness stipend (monthly)
  • 13 paid holidays
  • 3 weeks of PTO
  • Remote work option (Fridays)
  • Summer hours on Friday
  • Friday team lunches
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