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 the Chicago or New York office. The Analyst will collaborate with senior analysts to analyze transactions, evaluate credit risk and cash-flow coverage, present reviews at rating committees, understand legal and accounting issues affecting securities, and contribute to research reports and press releases. The role includes analyzing non-agency residential mortgage-backed transactions, producing internal and external written reports, communicating Fitch rating methodology and criteria to issuers and investors, implementing cash-flow models and rating tools, and leading or supporting 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 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.
- Ability to analyze critical credit, legal, and structural elements of residential mortgage-backed transactions.
Responsibilities
- Analyze critical credit, legal, and structural elements of non-agency residential mortgage-backed transactions.
- 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.
- 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.
- Develop an understanding of legal and accounting issues affecting a security.
- Contribute to research reports and press releases.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
