Municipal Underwriting Operations Analyst

Huntington Bancshares - Chicago, IL

Full-time

Chicago, IL

Management of Companies and Enterprises

About the position

The Municipal Underwriting Operations Analyst at Huntington National Bank plays a crucial role in supporting the municipal competitive and negotiated underwriting deal processing, execution, and settlement. This position requires close collaboration with various internal team members, including underwriters, investment bankers, sales, and operations, as well as external partners such as bond counsel, municipal advisors, and syndicate members. The primary goal is to ensure the timely, accurate, and compliant execution of transactions within the municipal securities business. This role not only offers a comprehensive understanding of the municipal securities market but also provides opportunities to engage in special projects aimed at driving process improvements. In this position, the analyst will be responsible for the day-to-day operations of the institutional municipal underwriting desk. Key duties include inputting new issue information into the Deals Database and Ipreo Municipal Bookbuild, ordering CUSIPs for both competitive and negotiated deals, and ensuring the accuracy of deal data and ticket information across various platforms such as Ipreo, Bloomberg, and the Deals Database. The analyst will also communicate pre-sale good faith notification emails to internal partners and coordinate good faith and closing wires, ensuring all transactions are executed smoothly. Additionally, the analyst will review deal file checklists for all transactions, prepare deal files for closure, process MSRB G-11 Syndicate Settlements, and handle Private Placements settlements. The role may also involve assisting in the review of official statements, bond purchase agreements, issue price certificates, and closing memos as needed. The analyst will distribute offering materials for competitive and negotiated offerings, assist with recordkeeping, revenue tracking, and expenses for all transactions, and work closely with the sales and trading desk to ensure seamless transaction execution. Maintaining adherence to firm policies and procedures while supporting broader Operations and Capital Markets initiatives is also a critical aspect of this role.

Responsibilities

• Support day-to-day operations of the institutional municipal underwriting desk.
• Input new issue information into Deals Database and Ipreo Municipal Bookbuild.
• Order CUSIPs for competitive and negotiated deals.
• Ensure accuracy of deal data and ticket information in Ipreo, Bloomberg, and Deals Database.
• Communicate pre-sale good faith notification emails to internal partners.
• Coordinate good faith and closing wires.
• Review deal file checklist for all transactions and prepare deal files for closure.
• Process MSRB G-11 Syndicate Settlements.
• Process Private Placements settlements.
• Assist in reviewing official statements, bond purchase agreements, issue price certificates, and closing memos as needed.
• Distribute offering material for competitive and negotiated offerings.
• Assist with recordkeeping, revenue tracking, and expenses for all transactions.
• Work with sales and trading desk to ensure smooth execution of transactions.
• Maintain adherence to firm policies and procedures.
• Support broader Operations and Capital Markets initiatives.
• Conduct continuing disclosure lookbacks on Issuers for negotiated or competitive underwritings.
• Complete Form G-32 Filings.
• Assist with Risk and Audit requests and inquiries.

Requirements

• High School Diploma or equivalent.
• 2 or more years fixed income trading, fixed income operations, or similar experience.

Nice-to-haves

• FINRA Series 52 or ability to obtain within 6 months of employment.
• Experience in fixed income securities.
• Proficient with Bloomberg TOMS and Ipreo Municipal Bookrunning systems.
• Ability to manage multiple priorities in a fast-paced environment; adaptive to change.
• Ability to create and foster strong partnerships with internal and external business partners.
• Detail oriented with strong organizational and time management skills.
• Excellent critical thinking and problem solving skills to identify issues and assist with resolution.
• Strong written and verbal communication skills.
• Proficient with Microsoft Office products (Word, Excel, PowerPoint).