ABF Deal Surveillance, Senior Associate

ABF Deal Surveillance, Senior Associate

Barings is seeking an analytical professional to support the Asset-Backed Finance (ABF) platform in a deal-level surveillance role. This role is responsible for active surveillance of asset-backed finance transactions, with a focus on deal-level performance, structural features, and risk identification.

The individual will analyze transaction performance against structural expectations (e.g., triggers, covenants, cash flow dynamics) and proactively identify emerging risks across ABF investments.

This is a hands-on role working closely with investment teams to provide forward-looking insights on transaction health, and ensure timely, accurate, and consistent surveillance across public and private ABF strategies, including residential, consumer, and commercial asset finance and whole loan purchases.

Primary Responsibilities

• Deal-Level Surveillance
  • Monitor ABF transactions at the deal level, evaluating performance relative to structural features (triggers, covenants, credit enhancement, waterfalls)
  • Analyze cash flow dynamics and transaction performance to assess risk of trigger breaches or structural deterioration
  • Identify and escalate deterioration in deal performance, including delinquency trends, loss assumptions, and structural pressure points
  • Track and interpret deal events (e.g., amendments, restructurings, servicer changes)
• Loan-Level Surveillance & Data
  • Evaluate collateral performance trends (delinquencies, losses, prepayments, concentrations) in the context of deal structure and credit assumptions
  • Validate and challenge loan-level data to ensure accuracy and consistency with expectations
  • Identify performance outliers and translate them into implications at the deal level
• Surveillance Materials & Reporting
  • Develop concise surveillance summaries highlighting key risks, trends, and forward-looking considerations to help drive investment discussions and portfolio reviews
  • Manage ad-hoc surveillance requests related to portfolio performance, asset behavior, or transaction events
• Process & Surveillance Framework
  • Support and enhance surveillance frameworks to ensure consistent, timely, and insightful analysis of transaction performance
  • Contribute to the refinement of risk identification, escalation, and monitoring practices across the ABF platform
  • Identify opportunities to improve data quality, analytical workflows, and transparency of surveillance outputs
• Cross-Functional Coordination
  • Partner with investment, portfolio management, and risk teams to assess deal performance and support informed decision-making
  • Engage with servicers, trustees, and data providers to obtain, validate, and interpret transaction-level information
  • Support responses to portfolio reviews, risk discussions, and internal inquiries, providing clear, analysis-driven insights

Qualifications

• 25 years of experience in structured credit, securitizations, or asset-backed finance (ABS, RMBS, CLOs, or similar)
• Experience monitoring transaction performance at the deal level, including triggers, covenants, and structural mechanics
• Strong understanding of deal structures (waterfalls, credit enhancement, tranche behavior)
• Ability to analyze collateral trends and assess implications at the transaction level
• Familiarity with transaction documentation (offering memos, indentures, servicing agreements)
• Experience identifying and communicating emerging credit risks
• Experience with servicer or trustee reporting and loan-level datasets
• Background in asset management, rating agencies, bank securitized products, or structured finance teams preferred
• Advanced Excel skills; experience with Intex or Bloomberg a plus
• Comfort preparing recurring reports, dashboards, and presentation materials
• Strong organizational skills and ability to manage recurring deliverables and deadlines
• Effective written and verbal communication skills and a collaborative, team-oriented mindset

Barings offers a comprehensive benefits package including:

• Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits
• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account
• Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance
• Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time
• Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.