Residential Structured Finance – Associate

As a Residential Structured Finance Analyst in the Structuring Team, you will create residential mortgage-backed security deals based upon communications with issuers, investors, traders, syndicate, rating agencies, accountants, trustees, and various other stakeholders. Teamwork amongst various groups within the company, and counter parties outside the firm, is a crucial requirement to analyze residential mortgage loans to facilitate the purchase, sale, financing and securitization of these assets.

You will interact with various internal and external parties involving all aspects of residential mortgage securities transactions and leverage valuable insight into the purchase, sale, financing, valuation and securitization of residential mortgage-backed securities.

• Provide structural options for various types of residential mortgage loans
• Complete execution analysis to ensure transparency and understanding of deal execution with stakeholders
• Interact with various stakeholders to prepare and review pertinent language for deal term sheet and offering materials including, but not limited to, cashflow waterfall pay rules, structuring assumptions and bond characteristics
• Reverse engineer securitizations & model various collateral cash flow types
• Run various cash flow scenarios for Accountant and Trustee tie out as well as Rating Agency stresses
• Collaborate across functional teams including trading, sales, research, syndicate and technology
• Work with third-party data providers (Bloomberg, Intex, Yield Book) to post, update and model new issue transactions as a part of the pre-marketing and marketing processes

• 3+ years of relevant experience in residential mortgage structuring at an investment bank, rating agency or other investment office
• Working knowledge of various residential mortgage structural options
• Quantitative and analytical skills including significant expertise in INTEX, Yield Book & Bloomberg
• Experience with unstructured data, fixed income pricing and mathematics
• Bachelor’s degree or advanced education with quantitative or finance and accounting background
• Excellent communication skills and strict attention to detail
• Ability to work under competitive pressure, multi-task, prioritize & manage timelines, relationships and deliverables