Structured Credit analyst

Tardis Group; Sydney; Hybrid; AUD 140,000 - 180,000; Full time

Job summary

Our client, a Sydney-based investment management firm, seeks a Structured Credit Analyst to support analysis, monitoring, and reporting of ABS, RMBS, CLOs, and private debt facilities. Hybrid work environment with collaboration across the investment team.

Ideal candidates have 5–6 years in structured credit or related fields, strong Excel modelling, and familiarity with Intex/Bloomberg. Prior buy-side experience is a plus; Australian regulatory knowledge is advantageous.

Qualifications

• Approximately 5–6 years' relevant experience in structured credit, fixed income, or a related discipline.
• Degree qualification in finance, economics, commerce, or a related field; progress toward CFA/CAIA/FRM viewed favourably.
• Demonstrated experience with cash flow modelling for securitised or structured products (Intex, Bloomberg, or proprietary tools).

Responsibilities

• Conduct bottom-up credit analysis on structured credit transactions, including collateral pool review and covenant testing.
• Build and maintain cash flow models to stress-test collateral performance under varying scenarios.
• Prepare investment papers and credit memos for new deal approvals and ongoing surveillance.
• Monitor portfolio performance and report against transaction and mandate requirements.
• Liaise with trustees, servicers, and rating agencies to obtain and validate reporting data.

Skills

Structured credit analysis

Excel modelling

Financial analysis

Credit risk

Communication skills

Education

Finance/Economics/Commerce degree

CFA/CAIA/FRM (preferred)

Tools

Intex

Bloomberg

SQL

Python

R

Job description

Our client is a Sydney based investment management firm with $4.5 billion of funds under management. They have a diversified client base which includes retail, wholesale and institutional investors across Australia and New Zealand. Our client specializes in building defensive fixed income portfolios with a focus on capital preservation and income generation.

They are a small team that works very closely together in a collaborative collegial environment. Our client provides a hybrid flexible work environment with opportunities for involvement in all aspects of the investment management process. They are looking for someone with a good base knowledge of structured credit research who is keen to further develop their skills in an investment management environment. Strong quantitative acumen and financial analysis skills are essential. Prior buy side investment experience considered a strong plus.

The Structured Credit Analyst supports the investment team in the analysis, monitoring, and reporting of structured credit exposures, including asset-backed securities (ABS), residential mortgage-backed securities (RMBS), collateralised loan obligations (CLOs), and private/warehouse debt facilities. The role combines credit assessment, cash flow modelling, and portfolio monitoring to support investment decision-making across managed funds and mandates.

Key Responsibilities

• Conduct bottom-up credit analysis on structured credit transactions, including collateral pool review, transaction structure, waterfall mechanics, and covenant testing.
• Assess originator/servicer quality, underwriting standards, and portfolio performance trends for warehouse and non-bank lending facilities.
• Prepare investment papers and credit memos for new deal approval and ongoing surveillance.
• Build and maintain cash flow models to stress-test collateral performance under varying prepayment, default, and loss severity scenarios.
• Monitor portfolio parameter compliance (concentration limits, weighted average life, arrears triggers, coverage ratios) against transaction and mandate requirements.
• Track collateral performance data (arrears, defaults, prepayments, recoveries) and flag deviations from expected performance.
• Liaise with trustees, servicers, and rating agencies to obtain and validate reporting data.
• Maintain internal watchlists and maintain emerging credit concerns to senior team members in a timely manner.
• Prepare regular portfolio and risk reporting for internal stakeholders, investment committees, and (where applicable) unitholders.
• Support responsible entity and compliance functions with disclosure requirements, including PDS/IM updates and RG 97 fee and cost disclosure inputs where relevant.
• Contribute to quarterly and annual reporting cycles, including commentary on portfolio positioning and credit developments.
• Assist with due diligence on new transactions, including data room review, legal documentation review (trust deeds, security trust deeds, servicing agreements), and coordination with legal counsel.
• Support negotiation of portfolio parameters, triggers, and covenants on new facilities.
• Liaise with rating agencies, arrangers, and legal advisors through transaction execution.
• Build and maintain relationships with originators, servicers, trustees, and other market participants.
• Represent the team in industry forums and market updates relevant to structured credit and private debt markets.
• Presenting to clients and consultants on a periodic basis

Requirements

• Approximately 5-6 years' relevant experience in structured credit, fixed income, credit risk, or a related discipline (buy-side, sell-side, rating agency, or trustee/servicing background considered).
• Degree qualification in finance, economics, commerce, or a related field. Progress toward or completion of CFA, CAIA, or FRM viewed favourably.
• Demonstrated experience with cash flow modelling for securitised or structured products (Intex, Bloomberg, or proprietary modelling tools).
• Sound understanding of Australian structured credit and private debt markets, including RMBS/ABS structures, warehouse facilities, and non-bank lending.
• Working knowledge of relevant regulatory frameworks (ASIC disclosure obligations, responsible entity requirements) is advantageous.
• Strong Excel modelling skills; experience with SQL, Python, R, or similar for data analysis is a plus.
• Effective written and verbal communication skills for internal and external reporting.
• Ability to manage competing deadlines across due diligence, monitoring, and reporting cycles.
• Candidates must that the rights to work in Australia on a full time basis.