RMBS – Analyst/Senior Analyst/Associate (NY, Chicago)
About The Position
KBRA is seeking a credit analyst to join its Residential Mortgage-Backed Securities (RMBS) team in its New York, NY or Chicago, IL office. The role is part of a transaction rating team and supports all aspects of the rating process, from collateral analysis through report publication. The ideal candidate has RMBS experience, knowledge of the residential mortgage sector, or experience in a related field. The role includes analyzing transactions, preparing credit memoranda and transaction reports, contributing to market commentaries, and conducting ongoing surveillance of rated transactions. The analyst also attends seller/servicer due diligence, which may require travel. This is a full-time position with a hybrid schedule: in-office work Tuesday, Wednesday, and Thursday. The anticipated annual base salary range is $75,000 to $95,000. Offer amounts depend on experience, skills, geography, and other job-related factors.
Requirements
- B.A. or B.S. degree in a relevant field of study.
- For Analyst level: zero to two years of experience performing credit analysis within the RMBS sector at a rating agency, buy-side investor, credit research, or similar environment.
- For Senior Analyst/Associate level: at least two years of experience performing credit analysis within the RMBS sector at a rating agency, buy-side investor, credit research, or similar environment, or an advanced degree such as an MBA.
- Strong Excel skills; an Excel test may be administered during the interview process.
- Strong oral and written communication skills; a writing sample may be requested.
- Exceptional attention to detail.
- Ability to take initiative, work independently, and work collaboratively with partners.
Nice To Haves
- VBA, Python, R, or SQL skills.
- Familiarity with residential mortgage datasets and tools such as CoreLogic, Fannie/Freddie Single Family Data, or Intex.
- Familiarity with generative AI tools such as ChatGPT for research, data insights, and general productivity.
Responsibilities
- Perform transaction analysis, including originator and servicer evaluation, loan pool analysis, bond structure modeling and analysis, and review of legal structures and documentation.
- Assist with preparing credit memoranda and presenting transactions to rating committees.
- Prepare and contribute to individual transaction reports for publication.
- Assist with publishing market commentaries about topical events or research.
- Conduct ongoing surveillance of rated transactions and update ratings as warranted.
- Attend and participate in seller/servicer due diligence, which may require travel.
Benefits
- Hybrid work schedule with office attendance Tuesday, Wednesday, and Thursday.
- Competitive benefits and paid time off.
- Paid family and disability leave.
- 401(k) plan with employer match; employer contributions are 100% vested.
- Educational and professional development financial assistance.
- Employee referral bonus program.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
