RMBS – Associate/Associate Director/Director (London)

KBRA; Greater London; Hybrid; GBP 90,000 - 150,000; Full time

Benefits offered by this job

Competitive benefits and paid time off

Paid family and disability leave

Pension plan

Educational and professional dev. aid

Employee referral bonus

Job summary

KBRA is seeking an Associate/Associate Director/Director to join the RMBS team in the London office. You will lead ratings, model issuance structures, prepare memos, and present analyses to committees, with a focus on RMBS across European jurisdictions. Collaboration with internal and external stakeholders is essential.

The role emphasizes quantitative cash flow analysis, methodology application, and timely delivery in a fast-paced, hybrid work environment in London.

Qualifications

• Bachelor’s degree required; advanced degree a plus.
• Three or more years of RMBS or similar asset experience.
• Strong understanding of credit risk concepts and mortgage products.
• Client-facing experience essential.
• Proficient in Excel, VBA, and data manipulation.

Responsibilities

• Lead ratings analyst for RMBS, managing the ratings process from start to finish.
• Quantitative modelling of issuance structures and cash flow analysis using various tools (e.g., Intex).
• Prepare credit committee memos and write presale, new issuance and surveillance reports.
• Communicate KBRA’s credit views to stakeholders and market participants.
• Represent KBRA in risk reviews and conferences; surveil rated transactions.
• Develop and apply KBRA structured finance methodologies to credit assess portfolios.

Skills

RMBS knowledge

Client facing

Quantitative analysis

Mortgage products

Credit risk concepts

Excel

VBA

Communication skills

Time management

Travel willingness

Education

Bachelor’s degree

Advanced degree preferred

Tools

Excel

VBA

Job description

RMBS – Associate/Associate Director/Director (London)

London

Position Title: RMBS – Associate/Associate Director/Director (London)

Entity:Kroll Bond Rating Agency Europe Limited

Employment Type:Full-time

Location: London

Summary/Overview:

KBRAis seeking anAssociate/Associate Director/Directorto join ourResidential Mortgage-Backed Securities (RMBS)team in theLondonoffice.

About the Team:

Our RMBS team rates transactions spanning across prime, nonconforming, buy to let, re-performing, and non-performing asset classes, among others. Our primary objective is to assign RMBS – Associate/Associate Director/Director credit ratings and perform high quality work in a timely manner, which involves conducting collateral analysis, pool-level cash flow and structure analysis; and publishing our viewpoints based on our research and analysis. We pride ourselves on the quality, accuracy, timeliness and consistency of our product.

About the Job:

• Lead ratings analyst for RMBS, which includes project managing the ratings process from beginning to end.
• Quantitative modelling of issuance structures and features and perform cash flows analysis using various applications or Intex.
• Prepare credit committee memos around analysis and recommendations. Write presale, new issuance and surveillance reports. Write commentaries and/or research reports on the RMBS sector across European jurisdictions.
• Manage expectations of internal stakeholders and external counterparties integral to KBRA ratings’ process and timelines. Communicate with market participants to express KBRA’s credit views and opinions effectively.
• Represent KBRA in operational risk reviews and/or conferences.
• Surveillance of rated transactions in RMBS and other asset classes.
• Apply and help develop KBRA structured finance methodologies to credit assess mortgage portfolios or other asset types.
• You will be supported by senior members of the team to enable on-the-job deliverables and learning & development.

The successful candidate will have :

• Bachelor’s degree required and advanced degree is a plus.
• Three (3) or more years of relevant experience in RMBS or the rating process for similar asset types preferred.
• Good understanding of credit risk concepts, mortgage products and market dynamics on at least one European jurisdiction and/or the UK and reasonably developed quantitative skills.
• Have client-facing experience
• Must be comfortable using Microsoft Excel, including VBA (Visual Basic for Application), as well as other platforms. You must be able to easily manipulate and format large data sets.
• The ability to provide analysis to senior staff in relation to financial structures, collateral analysis and underlying businesses.
• The ability to analyse, summarise and present complex issues concisely at committees and in reports.
• Excellent communication skills (written & verbal) are essential.
• The ability to work in a fast-paced environment and when necessary be able to work independently against deadlines. Good time management essential.
• Be willing and able to travel freely between the EU and UK.
• Working proficiency in a European language is highly advantageous Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.
• A flexible hybrid work schedule – Tuesdays, Wednesdays, Thursdays in the office
• Competitive benefits and paid time off
• Paid family and disability leave
• Pension plan
• Educational and professional development financial assistance
• Employee referral bonus program

About Us

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Kroll Bond Rating Agency Europe is located at One George's Quay Plaza, Dublin 2, Ireland.