Director, Asset Backed Securities, Structured Research
Position Location: Stamford, CT
This position must be based in Stamford, CT with a hybrid work schedule.
Your Role
You will be a member of the Structured team with responsibility for covering Asset-Backed Securities. This role requires utilization of structured research to evaluate investment opportunities and monitor existing investment positions in the ABS portfolio. You will work closely with other members of the team and will report to the Corporate/Structured Research Team Leader.
What You Will Be Doing
- Collaborate with traders and research staff in developing and implementing a strategy for existing holdings as well as new investments
- Review holdings' performance information from Intex, Bloomberg and Servicer reports and compare to original expectations. Revise our internal ratings as necessary.
- Follow up with trustees, servicers, special servicers, rating agencies and bankers to determine causes of performance weakness
- Recommend buy/hold/sell designation on our holdings. Make supported recommendations and develop relative value view across other structured products and asset classes.
- Perform impairment and other cash flow testing on the portfolio
- Provide qualitative and quantitative analysis of securities identified for impairments and work with auditors to defend the outcome
- Aid in updates on individual credit limits
- Participate and speak in morning market meetings on meaningful events or trends in asset class
- Participate in monthly credit reviews for structured finance asset classes and watch list discussions
- Provide credit view to support new business initiatives
What You Bring
- Bachelor's degree in Finance or related area(s) of study
- 7+ years of experience in fixed income capital markets
- Experience analyzing ABS risks with a focus on esoteric ABS
- Experience automating surveillance tools and tracking reports
- Self-starter who has passion for fixed income markets, is an independent thinker, and strong minded with focus on credit
- Very strong verbal and written communication skills
- Ability to prioritize multiple tasks in a fast-paced, changing environment
- Strong Excel and Power Point Skills
Nice to Have
- MBA or CFA
- Experience working with analytical tools such as Trepp, Intex or BlackRock Solutions
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