Mortgage Analyst

Rothesay • New York, NY

2d • $125,000 - $175,000 • Onsite

About The Position

Rothesay Asset Management North America (RAM-NA), headquartered in New York City, sources long-dated fixed-income assets in North America. The Mortgage Analyst will work at the intersection of loan operations and structured finance capital markets, supporting risk management pipeline execution, residential loan-file due diligence, mortgage collateral analysis, and cash flow modelling for non-agency RMBS structures. The role offers an opportunity to move from fundamental asset auditing into capital markets pricing, structural modelling, and asset-backed execution.

The position is permanent, reports to the Head of US Residential Mortgages, and is performed in a professional office environment. The successful candidate must be legally authorized to work in the United States; visa sponsorship is not available.

Requirements

• Bachelor’s degree required, preferably in Finance, Quantitative Economics, Mathematics, Engineering, or another heavily analytical field.
• One to three years of experience in residential mortgage banking, capital markets, warehouse lending, or structured finance analytics.
• Advanced Microsoft Excel capabilities.
• Basic conceptual understanding of residential mortgage metrics, including prepayment and default curves, amortization schedules, and credit fundamentals.
• High intellectual curiosity, exceptional attention to detail, strong self-organization, and ability to explain technical findings to a broad range of team members.
• Must be legally authorized to work in the United States; the position is not eligible for visa sponsorship.

Nice To Haves

• Familiarity with or foundational exposure to a programming language for handling large datasets.
• Familiarity with industry-standard mortgage or structured-finance tools.

Responsibilities

• Perform technical due diligence on residential whole-loan data files, validating structural features and credit attributes such as FICO, DTI, and LTV, and checking compliance with underwriting or programmatic guidelines.
• Identify collateral data gaps, loan-tape discrepancies, and document exceptions; coordinate with credit managers, custodians, and originators to resolve exceptions before settlement or securitization deadlines.
• Monitor collateral-quality metrics, including DSCR, loan-to-value fluctuations, and geographic concentration.
• Support senior analysts in building, updating, and stress-testing cash flow models for non-agency securitization structures, including Prime, Non-QM, and CRT shelves.
• Analyze structured-finance cash flow waterfalls and assess how prepayment speeds, default rates, and loss severities affect tranche performance and bond yields.
• Use Microsoft Excel and specialized industry software to map loan-tape data into securitization models.
• Ingest and normalize raw loan tapes from originators and sellers for structured analysis.
• Maintain monthly portfolio performance metrics and prepare internal reports on collateral metrics, trends, and liquidity for management.
• Serve as a primary point of contact for external diligence firms, rating agencies, and audit teams to support timely file validation and workflows.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level