Structured Credit Analyst

New York, NY

 Responsibilities

 

  • Perform research, analytics and underwriting on a diverse subset of US Structured Credit investments including RMBS (Legacy, CRT, Non-QM in focus), CLO, CMBS, SFR, ABS and others. Research and analytics will lead to a comprehensive investment thesis for both sector allocation and issue selection.
  • Maintain and enhance comprehensive loan level analytic platforms for monitoring performance and projecting cash flows across various sectors. Assist in the updating and ongoing development of strategy report packages.
  • Support the Portfolio Manager with down-in-credit/new products investments through intensive collateral data collection, documentation analysis, performance surveillance, cash flow modeling and scenario analysis.
  • Ongoing written and verbal communication of ideas – new issues, existing positions, sector developments – to portfolio managers as a member of a dynamic results driven team. Meet regularly with team to review fundamental, technical and relative value developments and opportunities.
  • Recommend issues within subsectors. Assist in the entire investment life cycle from idea generation, ongoing surveillance of current investments to exit strategy. Conduct ongoing monitoring of universe to determine best investments to meet fund objectives.
  • Maintain a strong external network of counterparties, including dealers and issuers, to stay close to opportunity set and new market developments and to ensure best execution of strategies.
  • Maintain required documentation in the form of models, investment cases, and sector outlooks.
  • Assist in collaboration with the Alternative Credits Team for vetting/searching for attractive opportunities backed by US Real Estate assets.
  • Incorporate ESG analysis into recommendations (whenever applicable). Engage with individual management teams as needed on ESG topics in conjunction with the Global Responsible Investment Group and towards the progression of the company’s Inclusion Policy.

 

Requirements

 

  • Minimum of 5-7 years of experience covering Structured Credit on the buy or sell side doing research, analytics and structuring.
  • Top-notch underwriting skills with extensive experience in cash flow modeling and forecasting across US Structured Credit sectors.
  • Strong investment experience coupled with expertise in relative value decision making. Understanding of European Risk Retention is a plus.
  • Strong technical skills in Excel-based VBA, Intex, YieldBook, Bloomberg SYT/BTM and Python.
  • MS in advanced finance degrees and/or CFA would be a plus.

 

 

 

 

Note: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, we will keep your resume on file for future opportunities and may contact you for further discussion.

Date Posted 1/28/2020
Salary $125,000 - $175,000 + bonus






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