Research Analyst - Non-Agency Residential Mortgages

The Role

About Lord Abbett:

Founded in 1929, Lord Abbett is an independent firm with a singular focus on the management of money. Over the course of our history, we’ve earned a sterling reputation for our leadership, influence, and innovation in the asset management industry. Today, our independent perspective, our commitment to active management, and our intelligent product design continue to make us relevant to individual and institutional investors.

From the very beginning, we’ve recognized that our people are our greatest asset. As an investment-led, investor-focused firm, we value intellectual curiosity, teamwork, and collaboration across the organization.

We’re looking for people with a keen interest in working for a trusted leader in the asset management industry, a desire to expand their knowledge, and a passion for delivering a client experience that exceeds expectations.

Now that you know our history, are you ready to be part of our future?

Job Overview:

We are seeking a Research Analyst to support fundamental research coverage within the non-agency residential mortgage sector. This individual will focus on evaluating RMBS, loan portfolios, originators, bond issuers, and housing and consumer market dynamics across the full range of the residential mortgage credit ecosystem, to drive investment alpha in residential mortgage credit across a range of investment mandates.

This role requires a seasoned professional with deep industry expertise, strong investment judgement, and experience measuring and valuing mortgage credit risk in a variety of interest rate and credit environments. The position will play a central role in shaping portfolio positioning, governing our research processes, navigating investment complexity, leadership of other investment professionals, and serving as a key thought partner to internal and external stakeholders.

This role will report to the Head of Residential and Consumer Asset Backed Research.

• Play a leading role in research across the RMBS space for Lord Abbett’s fixed income department, with a focus on delivering enhanced returns to our investors relative to pertinent yield or benchmark objectives
• Maintain robust cash flow modeling infrastructure via a mix of internal and third-party tools to ensure analytic accuracy, including duration, convexity, and other key risk factors
• Create and maintain infrastructure and systems for generating repeatable alpha, including a keen understanding of industry-leading prepayment and convexity models
• Have a strong grasp of foundational principles of mortgage investing, and a process of valuing and isolating alpha, across collateral credit risk, related party risk, prepayment risk, structural risk, and other factors
• Conduct detailed fundamental analysis of residential real estate issuers, including REITs, homebuilders, and housing-related structured products
• Analyze key housing market drivers such as supply/demand dynamics, affordability, demographic trends, and interest rate impacts
• Develop and articulate investment views supported by both company-specific and macro housing insights
• Maintain ongoing awareness of the financial health of key counter parties in the residential credit ecosystem, including REITs, Servicers, Originators, and Sponsors
• Monitor existing holdings and provide ongoing surveillance, identifying risks, opportunities, and potential catalysts
• Prepare clear, concise research reports and present findings to portfolio managers and senior analysts
• Engage with management teams, industry participants, and data providers to develop differentiated perspectives
• Collaborate with traders, portfolio managers, and other sector analysts to support investment decisions and portfolio construction
• Contribute…