Cashflow Modeling Associate

London Stock Exchange Group•Buffalo, NY

12d•Onsite

About The Position

The Yield Book is a premier fixed income analytical system used by a significant portion of top fixed income money managers, broker dealers, portfolio managers, investment advisors, insurance companies, banks, and hedge funds. As a subsidiary of LSEG, The Yield Book Inc. product line includes The Yield Book, the Yield Book Excel Add-in, API, and Calculator. The Yield Book team in Buffalo, NY is seeking a motivated and driven cashflow modeling associate to model Residential Mortgage Backed Securities (RMBS, agency and non-agency) and Asset Backed Securities (ABS). A strong analytical background and a willingness to learn are essential for this role.

Requirements

Strong analytical and problem solving skills.
Candidates should be detail-orientated, energetic and exhibit a high degree of accuracy in their work.
Must have strong computer skills and knowledge of basic accounting.
Graduate level degree in Finance, or related quantitative field OR similar Bachelor’s degree, plus 3 to 4 years related experience will be considered as well.

Nice To Haves

Previous knowledge of mortgage backed securities is preferred but not essential.
Experience with Python or C++ preferred.
Familiarity with computer programming and fixed income securities is a plus.

Responsibilities

Cash flow modelling of mortgage-backed and asset-backed securities using in-house proprietary software tools, interpreting deal legal documents to create a structured C++ based model.
Model structured products such as US and non-US issuance deals of various asset types including but not limited to mortgages, student loans, credit cards, auto, and equipment loans.
Work on various ad-hoc projects when needed.
Assist with maintenance of modeled securities for current payments and collateral updates.
Perform quality assurance checks on database of modeled securities.
Oral and written communication with trustees, underwriters and servicers.