Fixed Income Research Associate, CMBS
About The Position
Wellington Management is seeking a Research Associate (RA) to join their Structured Finance Research Team. This individual will support the CMBS Analyst in covering investment-grade and high-yield opportunities across CMBS, including Conduit, SASB, and CRE CLO subsectors. The Structured Finance investment team is dynamic and growing, managing approximately $60 billion in assets. The RA will be fully integrated into the investment process, conducting fundamental and quantitative analysis to support the CMBS Analyst. The role involves contributing research and relative value insights to inform investment decisions and support the development of investment recommendations. The ideal candidate will have 2-4 years of experience in structured finance or commercial real estate, preferably with direct CMBS exposure, and a strong commitment to the asset class. The role requires excellent technical and quantitative skills, strong attention to detail, and the ability to work effectively in a collaborative team environment. The RA will partner closely with the CMBS Analyst, Portfolio Managers, Traders, and other investment professionals. The successful candidate may develop independent coverage responsibilities over time. The role can be based in New York (preferred) or Boston.
Requirements
- 2–4 years of experience in structured finance or commercial real estate, ideally with CMBS exposure.
- Experience in other structured finance asset classes will be considered.
- Programming experience (preferably Python) and database familiarity (SQL) are required.
- Ability to leverage technical skills to efficiently review and analyze datasets.
- Strong analytical judgment and attention to detail.
- Ability to execute a defined research agenda under senior guidance.
- Strong organizational and time management skills, and the ability to work well under pressure.
- Intellectual curiosity, sound judgment, and a global perspective.
- An undergraduate degree with a strong academic record.
Nice To Haves
- Progress toward or completion of the CFA designation is viewed positively but is not required.
- Knowledge of AI-driven tools or automation techniques to enhance research efficiency is viewed favorably.
Responsibilities
- Supporting the development of CMBS investment analyses and recommendations for portfolio managers
- Conducting data analysis across large loan-level and property-level datasets
- Supporting portfolio monitoring and risk assessment across existing CMBS holdings
- Creating and maintaining detailed financial models to analyze existing and prospective investments
- Attending and contributing to internal investment meetings
Benefits
- retirement plan
- health and wellbeing
- dental
- vision
- pharmacy coverage
- health savings account
- flexible spending accounts
- commuter program
- employee assistance program
- life and disability insurance
- adoption assistance
- back-up childcare
- tuition/CFA reimbursement
- paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
