Trader

Marathon Asset Management LP • New York, NY

9d • $200,000 - $250,000

About The Position

Overview Marathon Asset Management is a leading global asset manager specializing in public and private credit with ~$23 billion in assets under management. Marathon is recognized as a distinguished leader with 27+ years of exceptional performance and partnership. Marathon’s integrated global credit platform is driven by our specialized, highly experienced, and disciplined teams across Private Credit: Direct Lending, Asset Based Lending and Opportunistic Credit and Public Credit: High Yield, Leveraged Loans & CLOs, Emerging Markets, and Structured Credit. Marathon’s mission is to build lasting partnerships with an unwavering commitment to delivering best-in-class performance, service, and reliability on behalf of our clients. We are currently seeking to add a Director to our Structured Credit team. The Director will join a closely collaborative, entrepreneurial team of seasoned investment professionals supported by Marathon’s global platform and will have direct access to senior investment professionals and portfolio managers.

Requirements

• BA or BS degree with strong GPA
• 7+ years experience in the structured credit capital markets, with experience in a risk-taking role
• Bloomberg, Intex, and Excel proficiency a must.
• Strong quantitative, cash flow modeling, and analytical skills
• Excellent written, verbal, and interpersonal communication and presentation skills
• Ability to monitor multiple markets at the same time
• Outstanding work ethic, ability and desire to work in a dynamic and demanding environment
• Highly motivated self-starter who is coachable

Nice To Haves

• SQL and VBA experience a plus

Responsibilities

• Assume a leading role in analyzing and executing structured credit investments, with a focus primarily on the RMBS cusip markets, and secondarily on the ABS cusip markets. Investments can span the full capital structure. Examples include: RMBS : CRT, Non-QM, RPL/NPL, HELOCs, others ABS : consumer, auto, student loans, others
• Participate in all stages of the investment and decision-making process, including idea generation, underwriting, modeling, execution, and asset management.
• Interface directly with counterparties.
• Idea generation : monitoring capital markets conditions, such as credit spreads, daily BWICs, offer sheets, out of comp opportunities and forward new issuance calendars
• Underwriting : performing cash flow analysis and reviewing capital structures of prospective investment opportunities, building and maintaining detailed cash flow models in Intex and Excel
• Asset Management : regularly reviewing actual performance vs. underwritten assumptions, reporting portfolio composition and performance, staying current with relevant regulatory developments, and preparing materials for current and prospective investors

What This Job Offers

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