Analyst – Structured Products Asset-Backed and Mortgage-Backed Securities (ABS/MBS)

Loews Corporation•New York, NY

1d•$86,100 - $129,150•Onsite

About The Position

Loews Corporation is adding an Analyst to its Structured Products team. Reporting to the portfolio managers who run the ABS and residential mortgage portfolios, the Analyst will work in a hands-on role on a lean desk, conducting surveillance and data work, contributing to investment decisions, and supporting desk operations. The role involves underwriting non-agency RMBS and ABS transactions, monitoring portfolio positions, analyzing mortgage credit and risk, maintaining analytical models, and developing data and AI-enabled workflow tools. The Analyst will also evaluate agency MBS, support oversight of the residential whole loan platform, assist with trade execution and documentation, and build relationships with market participants. This full-time, exempt position is based at 9 West 57th Street and requires working in person in the New York City office.

Requirements

Bachelor’s degree in economics, finance, mathematics, or a related field.
1–4 years of experience in securitized products, such as non-agency RMBS, ABS, whole loans, or related fixed income.
Working knowledge of securitization structures, including waterfalls, triggers, and credit enhancement, and of collateral behind residential mortgage and/or asset-backed deals.
Advanced Excel and Python skills, including the ability to independently build and maintain data pipelines and analytical tools rather than only modify existing code.
Demonstrated experience building with AI tools and LLM APIs.
Strong analytical judgment, attention to detail, and clear, direct writing.
Ability to prioritize under time pressure as part of a small team.
Ability to work in person in the New York City office.

Nice To Haves

Experience with Intex, Bloomberg, SQL, and the Power Platform, including Power BI, Power Automate, and Power Apps.
Exposure to originator or servicer due diligence, loan-level data, or rating agency methodologies.

Responsibilities

Underwrite new-issue and secondary transactions in non-agency RMBS, including Jumbo Prime, Agency Eligible, non-QM, SFR, RTL, and HEI, and in consumer, commercial, and esoteric ABS; develop investment recommendations.
Own monthly surveillance of positions and escalate anomalies.
Analyze prepayment, delinquency, and loss trends, and conduct stress and rate-scenario analysis of duration, convexity, and prepayment risk using Bloomberg, Intex, and internal models.
Maintain the desk’s proprietary mortgage credit model.
Build datasets, dashboards, and AI-enabled tools to streamline desk workflows.
Evaluate agency MBS, including specified pools, TBAs, and CMOs, and build toward executing agency trades.
Support oversight of the residential whole loan platform, including guideline and concentration compliance, reconciliations, exception reporting, and assessment of originators and third-party review vendors.
Support trade execution and portfolio documentation.
Build relationships with dealers, issuers, and rating agencies.