What You'll Do
We're looking for an experienced fixed income credit analyst to join our Investment Grade team. In this role, you'll cover international (Yankee) banks, international brokers and exchanges!
Conduct independent fundamental research and analysis on assigned companies/sectors, develop financial models, and provide investment recommendations, credit ratings and outlooks
Analysis includes economic and competitive analysis, financial modeling, and relative value assessment
Respond to inquiries from various stakeholders and represent research function in client meetings
Monitor financial markets, current events, and economic trends to identify opportunities and risks
Build and maintain industry relationships to ensure consistent information flow
Assist with staff development through coaching, mentoring, and training team members
About Principal Asset Management
Principal Asset Management is the global investment solutions business for Principal Financial Group®?(Nasdaq: PFG), managing $579.8 billion in assets and is recognized as a "Best Places to Work in Money Management"?for 13 consecutive years. Check us out at www.principalam.com !
Who You Are
Bachelor's degree in a technical field (i.e., finance, accounting, economics, statistics, engineering, data science, sciences (with an investment background), business analytics
4+ years' work experience with fixed income strategies in trading, research, portfolio management or strategy capacity, 6+ years for a Senior Fixed Income Analyst
Proficiency with Excel and Bloomberg
Strong understanding of financial accounting and economic theory, global financial markets and fixed income products
Demonstrated ability to efficiently and effectively research, compile and analyze information, apply reasoning and exhibit sound decision making related to credit, risk and valuation
Skills That Will Help You Stand Out
Credit experience including previous experience analyzing Investment Grade credits
Experience in the international bank (Yankee) sector
MBA and CFA designation
Strong abilities in the areas of communication (verbal and written), time management, analytics, financial modeling, and influencing
Must be collaborative, able to build strong relationships, manage expectations, attend to details, multi-task and prioritize successfully
Keen sense of curiosity and open-minded thought process
Familiarity with programming languages (i.e. Python, Visual Basic, and BQL) and advanced uses of Generative AI
Salary Range Information
Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)
$137000 - $207000 / year
Time Off Program
Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don't accrue a bank of time off under FTO and there is no set number of days provided.
Pension Eligible
No
Location(s)
Location options are Des Moines (highly preferred), New York, or Seattle. You can check out what our Global Headquarters in Des Moines looks like here:
Job Level
We'll consider talent at the next level with the right experience and skills. The Fixed Income Analyst requires at least four years of experience. The Senior Fixed Income Analyst requires six years. The pay range shown in the job posting includes the base pay range of both levels we are considering.
Work Authorization/Sponsorship
At this time, we're not considering applicants that need any @type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
Nonimmigrant Workers (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrants)
Investment Code of Ethics
For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.
Experience Principal
At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services - and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site (https://www.principal.com/about-us/careers) to learn more about our purpose, values and benefits.
Principal is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Posting Window
We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.
Original Posting Date
9/5/2025
Most Recently Posted Date
9/4/2025
LinkedIn Hashtag
LI-LT1
