Structured Finance - Residential Mortgage-Backed Securities, Senior Analyst - Chicago
About The Position
Fitch Ratings is seeking a Senior Analyst to join its growing U.S. Residential Mortgage-Backed Securities (RMBS) Group. The role collaborates with more senior analysts on transaction analysis; runs models and performs spreadsheet analysis to evaluate credit risk and cash flow coverage for RMBS transactions; 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 Senior Analyst 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. The posting identifies the New York office as the role location, although the title lists Chicago.
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/structured products, mortgage markets, and/or credit analysis.
- Experience analyzing residential mortgage-backed transactions.
- 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.
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.
- Collaborate with more senior analysts on transaction analysis.
- Present transaction reviews and analysis at rating committees.
- Develop an understanding of legal and accounting issues affecting a security.
- 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.
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
Senior
