Structured Finance - Residential Mortgage-Backed Securities, Analyst - Chicago
About The Position
Fitch Ratings is seeking an Analyst to join its U.S. Residential Mortgage-Backed Securities (RMBS) Group in Chicago or New York. The role collaborates with senior analysts on transaction analysis, runs models and performs spreadsheet analysis to evaluate credit risk and cash-flow coverage for RMBS transactions, presents transaction reviews and analysis at rating committees, develops an understanding of legal and accounting issues affecting securities, and contributes to research reports and press releases. The Analyst analyzes non-agency residential mortgage-backed transactions, produces internal and external written reports, communicates Fitch rating methodology and criteria to issuers and investors, deploys and implements cash-flow models and rating-process tools, 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 or 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 critical 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 discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
