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Senior Credit Analyst, RMBS

$180.11k - $228k

Morningstar DBRS

Senior Credit Analyst, RMBS

Location: New York, NY

Job Duties:

  • Act as a lead analyst on structured finance transactions with minimal supervision, and present analysis to rating committee.
  • Coverage includes fix-and-flip loans, non-QM, prime jumbo QM, GSE-CRT, MILN, HELOC and other residential mortgage loans (30%).
  • Test cash flows to confirm accuracy and robustness of cash flow models.
  • Conduct scenario/sensitivity analysis and communicate analysis to senior staff and colleagues (15%).
  • Perform transaction analysis including analysis of collateral, deal structures and legal issues (12%).
  • Focus on key credit issues during the new issue rating process including industry regulations, disclosure practices and compliance requirements in the RMBS sector (7%).
  • Coordinate with technology team to build and improve processes (7%).
  • Participate in criteria development and enhancement of structured finance models (5%).
  • Produce and publish industry commentaries and newsletters (5%).
  • Participate in external meetings with bankers, investors, and originators (5%).
  • Analysis of representation and warranties provided on the loans in the transaction, underwriting guidelines of originators to analyze the implications to the credit quality of the transaction collateral (5%).
  • Build and maintain relationships with bankers, investors and originators (5%).
  • Represent organization in industry conferences and panel discussions (4%).
  • ***Remote work requests will be considered consistent with company's remote work policy. ***
  • ***Domestic travel within USA required, not more than 10 days throughout the year.

Job Requirements:

This position requires 3- or 4-year bachelor's degree in Finance, Accounting, Commerce, Math, Economics, Computer Science, Engineering, or any other related field and 5 years of experience in structured finance in the Credit Analyst or relevant role.

This position also requires experience with assigning ratings to RMBS transactions backed by fix-and-flip loans, non-QM, prime jumbo QM, GSE-CRT, MILN, HELOC and other residential mortgage loans. Experience with structured products market and technical expertise in using fixed income analytical systems such as Intex (Dealmaker, Calc) and Bloomberg. Experience with credit and legal aspects of structured finance transactions in the residential mortgage product area. Experience performing transaction analysis including analysis of collateral, deal structure, and legal issues. Experience in Microsoft Excel and Microsoft Office programs. Experience with quantitative and analytical skills. Experience with VBA, Python, or other basic programming language. Experience producing and publishing industry commentaries and newsletters. **Will accept any suitable combination of education, training, and experience.

Must possess unrestricted right to work in the U.S. in this position

$180,107 - 228,000

Morningstar DBRS is an equal opportunity employer.

Vacancy posted 4 days ago
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