FID, SPG, Non-Agency Desk Strategist - VP
About The Position
The Securitized Products Group (SPG) is seeking a highly talented and motivated CMBS-focused trading desk strategist / analyst. The successful candidate will work closely with traders in a fast-paced, real-time trading environment, developing analytics, valuation frameworks, and investment insights to support secondary market trading and relative value analysis. They will be expected to demonstrate a thorough, detail-oriented approach to commercial real estate and CMBS fundamentals, with the ability to proactively identify actionable trading and investment opportunities. A strong track record of partnering with traders and other desk stakeholders to deliver practical, business-driven solutions is essential. The role is focused on CMBS, and candidates should have meaningful hands-on experience analyzing commercial real estate collateral and CMBS structures. Previous exposure to other products is acceptable, provided CMBS is the primary focus of their current or recent role.
Requirements
- Bachelor’s degree in economics, finance, real estate, statistics, or a related discipline
- 3–5+ years of experience dedicated to CMBS, ideally as the primary focus of the role
- Strong foundation in commercial real estate fundamentals, including: Property-level cash flow analysis (NOI, NCF) Cap rates, yield metrics, leverage and debt service ratios Rent rolls, vacancy analysis, tenant quality Comparables and market-level analysis across major CRE sectors (office, retail, industrial, hotel, etc.)
- Familiarity with CMBS products and indices, including CMBX
- Exposure to CMBS data and analytics platforms, ideally Intex and at least one of Trepp or CoStar
- Ability to generate and articulate investment ideas and relative value views, both internally and externally
- Strong verbal and written communication skills, with the ability to translate complex analysis into clear, actionable insights
- High degree of self-motivation and ownership mindset
Nice To Haves
- Advanced degree (e.g., MS, MFE, MBA) in a related discipline
- Working knowledge of Python, or alternatively strong proficiency in Excel/VBA, for data analysis and automation
- Experience working with large datasets and performing ad-hoc analytical work
- Familiarity with SQL or other database tools
- Experience contributing to valuation models, scenario analysis, or stress testing frameworks
- Experience reviewing or analyzing CMBS deal documentation
- Understanding of regulatory or stress-testing frameworks relevant to structured products
- Working knowledge of Q/KDB
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
