Municipal Competitive Underwriter

Your roleThe Competitive Underwriter is responsible for pricing, structuring, and executing municipal bond transactions in competitive sale processes. This role partners closely with sales and trading to evaluate deals, develop bid strategies, and manage risk to maximize win rates and profitability.Key ResponsibilitiesDeal Evaluation & Pricing Analyze municipal bond announcements for competitive bids Build pricing scales, yield curves, and relative value assessments Evaluate credit fundamentals, structure, call features, and investor demand Determine optimal bid levels balancing risk, return, and win probabilityMarket Strategy & Execution Develop and execute bidding strategies for competitive transactions Monitor market conditions (rates, flows, supply/demand, comparable trades) Coordinate with trading desk on secondary levels and positioning Submit bids and manage award process in real timeRisk Management Assess market and inventory risk associated with awarded deals Work with trading to hedge or distribute risk efficiently Ensure adherence to firm risk limits and capital usage guidelinesCross-Functional CollaborationPartner with: Sales: gauge investor demand and pricing appetite Trading: align on secondary levels and liquidity Provide feedback to improve competitivenessPost-Award Execution Support allocation, distribution, and secondary market trading strategies Monitor performance of won deals and refine future pricing approaches Maintain records of bids, outcomes, and competitor behaviorYour Career ComebackWe are open to applications from career returners. Find out more about our program on ubs.com/careercomeback.Your teamThe Municipal Sales, Trading and Underwriting Team resides within Unified Global Markets.Your expertise ideally 510+ years in municipal underwriting, trading, or syndicate Strong familiarity with competitive sale processes (BidComp, IPREO, etc)Deep understanding of: Municipal bond structures and credit analysis Yield curves, spread relationships, and relative value Pricing tools Strong Excel / modeling capabilities Excellent analytical and decision-making skills under time pressure Strong market intuition and pricing judgment High attention to detail and execution discipline Ability to collaborate across sales and trading Experience bidding high volume competitive deals Relationships with municipal market participants Knowledge of derivatives / hedging strategies (plus) Youre curious to explore how AI can improve how we build, deliver, and optimize workflows. You do this with sound judgment validating outputs and aligning with policies, risk standards, and ethical use. .