Structured Finance - Residential Mortgage-Backed Securities, Senior Analyst - New York

Fitch Group • New York, NY

1d • $95,000 - $110,000 • Hybrid

About The Position

Fitch Ratings is seeking a Senior Analyst to join its U.S. Residential Mortgage-Backed Securities (RMBS) Group in its New York or Chicago office. The role collaborates with more senior analysts on transaction analysis and evaluates credit risk and cash flow coverage for RMBS transactions by running models and conducting spreadsheet analysis. The Senior Analyst presents transaction reviews and analysis at rating committees, develops an understanding of legal and accounting issues affecting securities, and contributes to research reports and press releases.

The position analyzes non-agency residential mortgage-backed transactions, produces internal and external written reports, communicates Fitch rating methodology and criteria to issuers and investors, deploys and implements cash flow models and tools used in the rating process, and leads or supports research projects.

Requirements

• Bachelor’s degree at minimum.
• 2–4 years of relevant experience, excluding internships.
• Strong analytical, quantitative, and organizational skills.
• Excellent written and verbal communication skills.
• Ability to excel in a team-oriented environment.

Nice To Haves

• Experience in capital markets, securitization or structured products, mortgage markets, and/or credit analysis.
• Experience across non-agency RMBS asset classes, such as Prime Jumbo, NQM, CES, CRT, HELOC, RTL, RPL, and NPL.
• Exposure to RMBS new-issue and surveillance mandates.
• Experience analyzing critical credit, legal, and structural elements of residential mortgage-backed transactions.

Responsibilities

• Analyze critical credit, legal, and structural elements of non-agency residential mortgage-backed transactions.
• Run models and perform spreadsheet analysis to evaluate credit risk and cash flow coverage for RMBS transactions.
• Present transaction reviews and analysis at rating committees.
• Produce internal and external written reports, including credit committee materials, criteria, special reports, and market commentary.
• Communicate Fitch rating methodology and criteria to issuers and investors.
• Deploy and implement cash flow models and tools used in the rating process.
• Lead and/or support research projects.
• Contribute to research reports and press releases.

Benefits

• The total compensation package may include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch, depending on the position.

What This Job Offers

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