Investment Banking Associate, Infrastructure and Public-Private Partnerships

Location:
1301 Avenue of the Americas, New York, New York

ABOUT KEY:
Cleveland-based Key Corp is one of the nation’s largest bank-based financial services companies, with assets of approximately $189 billion (as of September 30, 2024) and roughly 17,000 employees. Key Corp provides investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company’s businesses deliver products and services through more than 1,100 full‑service retail branches and offices, a network of more than 1,500 ATMs, telephone banking centers, and a website, ®, that provides account access and financial products 24 hours a day.

Key Banc Capital Markets (KBCM) is the corporate and investment banking arm of Key Corp. KBCM is a leading full‑service corporate and investment bank dedicated to serving clients in consumer, energy, industrials, healthcare, and real estate. Our team of 750 bankers across 14 states collaborates to deliver targeted financing and advisory solutions. KBCM’s core capabilities include M&A and financial advisory, syndicated finance, debt and equity capital markets, and corporate banking services.

The Infrastructure and Public‑Private Partnerships business focuses on U.S. project finance transactions, providing financial advisory services and, as part of Key’s Institutional Bank, sourcing third‑party debt capital and directly providing bank loans. Sectors include transportation, social infrastructure, and utilities.

Key Corp is looking for an Analyst or Associate, preferably based in New York City or Houston, to lead day‑to‑day transaction analysis, proposal development, and practice operations. Responsibilities include building financial models, performing qualitative and quantitative analysis, coordinating engagement activities, and spearheading proposal and marketing efforts.

• 1+ years’ experience in infrastructure project finance or public finance
• Undergraduate degree in finance, mathematics, statistics, accounting, economics, or other quantitative field
• Series 50, 52 and 63 (within six months of employment) and potentially Series 79 as needed
• Strong quantitative skills, including financial modeling and statement analysis with demonstrated project finance model building knowledge
• Proficiency in Microsoft Office with advanced experience in Excel
• Experience with DBC Finance for structuring municipal bond transactions
• Capable of developing plans of finance and preparing proposal and marketing materials
• Capable of producing project teasers and information memorandums with senior banker direction
• Critical thinker with business intuition and intellectual curiosity
• Hands‑on, detail‑oriented approach with proven execution/process skills
• Organized with ability to multi‑task and manage multiple complex transactions, delivering results and meeting strict deadlines
• Excellent written and verbal communication skills—internally and externally
• Demonstrates a strong work ethic; understands timeliness, efficiently multi‑tasks, and is committed to senior bankers and the team

• A strong candidate will have some or all of the following:
  • U.S. experience with knowledge of private‑activity bonds, taxable bonds/private placements, tax‑exempt bonds, and Federal loan programs (e.g., TIFIA, RRIF)
  • Experience with an investment bank or private‑sector developer
  • Experience in transportation, social infrastructure, and/or utilities
  • Advanced degree or certifications such as MBA, MA in finance, mathematics, statistics, accounting, economics, Series 50, 52 and 63, CFA, CPA or equivalent

This position is eligible for a base salary in the range of $94,000.00 – $ annually, with compensation also including eligibility for incentive compensation. Key has implemented a workspace approach that prioritizes in‑office presence while providing flexible options when roles can be performed in a mobile environment.

Key Corp is an Equal Opportunity and Affiliated Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. 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.

Qualified individuals with disabilities or disabled veterans who cannot apply on this site may request reasonable accommodations by emailing