Junior Fixed Income Analyst Jobs in California (NOW HIRING)

Job Description:

At Piper Sandler, we connect capital with opportunity to build a better future.

We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities.

We are seeking a motivated, detail-oriented, and outgoing Junior Underwriter/Underwriting Assistant to support the California municipal underwriting desk. This role is designed for an individual interested in developing a strong foundation in municipal finance, primary market execution, credit review, and relationship-driven capital markets.

The ideal candidate is intellectually curious, highly organized, and possesses the confidence to advocate for market opinions, pricing recommendations, and transaction strategies. This role requires a professional who can build credibility with bankers, financial advisors, issuers, sales professionals, and investors.

Key Responsibilities:

• Underwriting Desk Support:Assist the Senior Underwriter with daily market tracking, new issue execution, and transaction-related administrative tasks.
• Market Advocacy & Communication:Develop the ability to clearly express market views, pricing opinions, and transaction recommendations. Act as a professional point of contact for bankers, analysts, sales professionals, and external market participants.
• New Issue Execution:Assist with Ipreo-related responsibilities, proofing new issue wires, compiling allocation sheets, and coordinating with internal teams to ensure accurate execution.
• Credit & Market Analysis:Prepare concise credit summaries for competing bond sales. Monitor daily market trends, investor demand, and pricing dynamics to support scale-writing and transaction positioning.
• Banker & Analyst Coordination:Collaborate with banking analysts to gather market data for RFP responses and assist in preparing materials for client discussions and pricing updates.

Meeting & Schedule Requirements:

• Early Morning Availability:Attendance at 5:00 a.m. PT underwriting calls, Monday through Thursday, at 50 California Street is required.
• Weekly Calls:Participation in the Monday California banker call (8:30 a.m. PT) and the national banking call (9:00 a.m. PT).
• Flexibility:Must maintain flexibility during active pricing periods and periods of elevated market activity.

Desired Qualifications:

• Education:Bachelor's degree in Finance, Economics, Accounting, Business, Mathematics, or a related field.
• Experience/Skills:2 years of relevant experience is preferred. Strong interest in municipal finance and fixed income. Proficiency in Microsoft Excel, Word, and PowerPoint.
• Attributes:Outgoing, confident, and persuasive communicator. High attention to detail, strong organizational skills, and the ability to manage multiple tasks under time-sensitive deadlines.
• Licensing:Series 52, Series 7, or other securities licenses are preferred but not required at the time of hire.

Development Opportunity:
This role provides direct exposure to the full municipal underwriting process. The successful candidate will work closely with the Senior Underwriter to develop the technical, analytical, and market judgment skills necessary for long-term growth within the firm. Over time, the candidate will be expected to form independent market views and represent the desk professionally in all internal and external interactions.

Our fixed income sales and trading team provides the full array of taxable and tax-exempt investment solutions with multi product trading desks across a 50-state distribution network. Clients gain access to a diverse range of expertise and product knowledge from the Piper Sandler national team of 200+ sales, trading and analytics professionals. Our disciplined approach emphasizes capital preservation, liquidity, and then yield. This approach serves as the foundation for the tactical and strategic investment decisions of our team. Learn more about our fixed income team here.

Piper Sandler values a strong culture dedicated to the emotional and physical well-being of our employees. Learn more about our commitment to our employee's health, well-being, our benefits program and how we are here for our employees and their families today, tomorrow and beyond here.

The anticipated starting salary range for individuals expressing interest in this position is $105,000 - $150,000 per year. Placement within this range is dependent upon level of experience, location and other factors. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market.

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.

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