Sr. Investment Associate

Victory Capital•Boston, MA

2d•$100,000 - $120,000•Onsite

About The Position

The Securitized Credit and Short Duration Income Team at Pioneer Investments is looking for an Investment Associate to focus on Non-Agency Residential Mortgage-Backed Securities (RMBS) and Asset-Backed Securities (ABS). Based in Boston, MA, this person will assist the Team in making investment decisions within securitized credit and short duration fixed income portfolios, as well as multi-sector fixed income portfolios. The Team is currently composed of four other investment professionals (total of five) and is directly responsible for ~$12.8B of Pioneer’s~$56B in fixed income client assets.

Requirements

Detail oriented, intellectually curious team player who can work in a fluid work environment with tight deadlines and make buy-and-sell investment decisions under pressure.
Bachelor’s degree required, preferably in an analytical field.
Proficiency and interest with programming languages is required. Specific experience with Python, R, or SQL is ideal.
Analytical skills and attention to detail is essential.
Ability to collaborate and communicate across all areas of the organization including sales, marketing, compliance, trading, and operations, is critical.

Nice To Haves

CFA charterholder or progress towards the CFA designation is preferred.
2-6 years of fixed income investments experience is preferred.
Applied experience making decisions using statistics or econometrics is preferred.

Responsibilities

Assist in day-to-day management of securitized credit positions within various subsectors such as post-crisis RMBS (Non-QM, SFR, CRT, RPL) and ABS (Autos, Student Loans, Equipment, Consumer Loans).
Build and maintain scalable systems to monitor collateral performance and position valuations using tools such as Bloomberg, Python, SQL, R, Stata, and other platforms and languages.
Monitor issuer, industry, and market trends within a comprehensive surveillance process.
Develop econometric models to forecast prepayments, defaults, and losses on pools of residential, consumer, and commercial loans.
Perform credit analysis and propose trade ideas for client portfolios with a focus on relative value and security selection within securitized credit sectors. Assess strengths and weaknesses of securitization structures, risk scenarios, and legal documents on new issue and secondary offers.
Execute trades in the primary and secondary market. Build and maintain relationships with sell side research, trading desks, rating agencies, issuers, and other industry participants.
Develop and maintain broker/dealer contacts. Aggregate and manage new-issue orders.