Structured Finance - Residential Mortgage-Backed Securities, Analyst - New York
About The Position
Fitch Ratings is seeking an Analyst to join its U.S. Residential Mortgage-Backed Securities (RMBS) Group in the Chicago or New York office. The analyst collaborates with senior analysts to analyze transactions, evaluate credit risk and cash flow coverage, present reviews at rating committees, develop an understanding of legal and accounting issues affecting securities, and contribute to research reports and press releases. The role analyzes credit, legal, and structural elements of non-agency residential mortgage-backed transactions; produces internal and external written materials; communicates Fitch rating methodology and criteria to issuers and investors; implements cash flow models and tools used in the rating process; and leads or supports research projects.
Requirements
- Bachelor’s degree at minimum.
- 1–3 years of relevant experience, excluding internships.
- Strong analytical, quantitative, and organizational skills.
- Excellent written and verbal communication skills.
- Ability to excel in a team-oriented environment.
Nice To Haves
- Experience in capital markets, securitization/structured products, mortgage markets, and/or credit analysis.
- Experience analyzing critical credit, legal, and structural elements of residential mortgage-backed transactions.
- Experience across non-agency RMBS asset classes, such as Prime Jumbo, NQM, CES, CRT, HELOC, RTL, RPL, and NPL.
- Exposure to RMBS new-issue and surveillance mandates.
Responsibilities
- Analyze credit, legal, and structural elements of non-agency residential mortgage-backed transactions.
- Run models and perform spreadsheet analysis to evaluate credit risk and cash flow coverage for RMBS transactions.
- Present transaction reviews and analysis at rating committees.
- Produce internal and external written reports, including credit committee materials, criteria, special reports, and market commentary.
- Communicate Fitch rating methodology and criteria to issuers and investors.
- Deploy and implement cash flow models and tools used in the rating process.
- Lead and/or support research projects.
- Contribute to research reports and press releases.
- Develop an understanding of legal and accounting issues affecting a security.
Benefits
- Total compensation may include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
