Senior Director, Research and Originations

Location Designation:
Hybrid - 4 days per week

As a top 25 global asset management firm with more than $800 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations.

A $300bn + asset manager is looking to add a Senior Director to its Structured Finance research and origination team focused on the non-traditional commercial and consumer asset backed securitizations (“ABS”) in addition to Fund Finance. The team is focused on originating and executing 4(a)2 private placement and 144A securitized transactions including private debt deals, asset spot purchases, and forward flow programs in addition to warehouse lending.

Coverage sectors include digital infrastructure (data centers, fiber networks), transportation (aviation, rail, container), equipment finance, whole business, solar loans and leases, student Loans, home improvement, unsecured consumer, single family rental (“SFR”) residential mortgages (“RMBS”), Subscription Lines, NAV Loans and Rated Feeders.

• The candidate must be able to support their origination efforts and other team members by performing and/or supervising credit, collateral, legal, cashflow and structural analysis as well as review legal documentation.
• The individual will be expected to work closely with commercial and investment banks, finance companies, asset originators, asset managers and private equity funds, rating agencies, internal and external legal counsels, accounting, and regulatory personnel to ensure proper accounting and regulatory capital treatment.
• Underwriting new issue and secondary investment opportunities within the ABS and Fund Finance markets
• Negotiating document terms with issuers, sponsors and other transaction parties
• Analyzing collateral to develop modelling assumptions and providing credit quality assessment
• Presenting results from transaction-specific and sector-wide analyses to wider internal and external audiences, including portfolio managers and clients
• Maintaining views on industry-wide issues that impact originators, broker/dealers & investors.
• Responsibilities may include monitoring U.S. and global regulatory changes, accounting and capital requirement changes, federal, state, and global lending laws, and any legal precedents.
• Undertaking the ongoing monitoring and analysis of portfolio positions to assess credit risk, credit ratings stability, cash flow volatility, portfolio positioning, and trading opportunities

• Minimum 15 years’ experience in ABS and or Fund Finance markets in a buy side or sell side research role
• Demonstrated ability to source, underwrite, document, and monitor transactions
• Prior experience in credit research, risk evaluation, collateral performance assumptions with scenario and sensitivity analysis, cashflow modeling, and negotiation of deal terms
• Robust knowledge of the ABS issuers, intermediaries, and investors
• Strong understanding of U.S. securitization structures, legal foundations, and legal transaction documents
• Excellent attention to detail and the ability to work independently while contributing to the overall team culture
• Strong verbal and written communication skills

• Salary Range: $184,000-$263,000
• Overtime eligible:
  Exempt
• Discretionary bonus eligible:
  Yes
• Sales bonus eligible:
  No

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may…