Analyst Structured Finance, Non-Agency RMBS

Analyst Structured Finance, Non-Agency RMBS

Boston, MA, USA

Posted Thursday, October 2, 2025 at 4:00 AM

Loomis Sayles is a performance-driven active asset management company that seeks to identify exceptional investment opportunities on behalf of institutional and retail clients worldwide. We believe active management fueled by proprietary, best-in-class research helps us achieve financial success for our clients. Founded in 1926, Loomis Sayles currently oversees approximately $425 billion in assets under management (as of 30 September 2025) for global clients spanning more than 50 countries.

We foster a culture of entrepreneurialism, where all employees are empowered and encouraged to develop themselves and their ideas. Our culture centers on our shared IDEALS , the core characteristics of who we aspire to be as employees and an organization.

Loomis Sayles is committed to the continual improvement of our performance, processes and people. As part of this commitment, we are looking to hire an enthusiastic and passionate candidate, eager to contribute to our continued success through the following employment opportunity:

The Mortgage and Structured Finance (MSF) team has an opportunity for an analyst to join its 20-person team. This position will report to the Head of Mortgage and Structured Finance. The analyst will primarily focus on a broad range of research activities in the Non-Agency Mortgage-Backed Securities markets under the direction of the Head of MSF and the RMBS sector portfolio manager.

The position will focus primarily in the liquid RMBS space and will assist in the potential expansion into whole loan and private RMBS transactions. The analyst will also contribute to the overall development of the proprietary data management infrastructure that supports the investment activities of the entire MSF team. The analyst will be responsible for refining and contributing to the investment approach and will over time be responsible for generating ideas independently and implementing them.

The team is responsible for the firm’s research and investment activities across the global securitized universe, overseeing a portfolio of $46.8 bn in assets as of June 30th, 2025. The portfolio encompasses Agency MBS/CMBS pass-thrus and derivatives, Non-Agency RMBS, CMBS, ABS, and CLOs. The team has a 10+ year track record generating strong risk-adjusted returns across four dedicated strategies spanning from pure agency MBS to deep credit structured finance.

• Support coverage of public and private Non-Agency RMBS, generate investment ideas and monitor the performance of the investment results.
• Perform broad surveillance, commentary, and contribute to the outlook for the performance of the U.S. Housing market. Maintain updated view on the regulatory landscape that governs U.S. Housing finance.
• Support and over time lead credit analysis of transactions in the new issue and secondary markets. Support delivery of credit analysis appropriate to invest across all parts of the capital structure. This requires extensive due diligence of sponsors, originators, servicers, and data providers.
• Perform cash flow and structural analysis, validating accuracy of third-party models. Independently apply and help refine internal credit rating methodology for each asset class.
• Monitor existing transactions. Set up surveillance models and monitor deal performance vs. expectations.
• Ensure each step of the investment process is followed and properly communicated: credit monitoring, updating forward looking excess return expectation, monitoring of analytics.
• Develop and maintain presentations and reports for internal meetings, client interactions and the portfolio management of securitized credit products.
• Contribute as an active member of the team to help identify relative value opportunities across the securitized markets and implement the best trade ideas across all clients' portfolios.

• BS degree in related field with exceptional academic achievement required
• 6+ years of financial services experience
• 3+ years of experience in the…