Analyst/Associate: Agency MBS Research

Bank of America; New York (NY); On-site; USD 70,000 - 175,000; Full time

Job summary

An established industry player is seeking a motivated individual to join their team as a research analyst. In this role, you will assist in generating insightful publications and analyzing market trends. You will have the opportunity to develop your expertise in Agency MBS while working with large datasets and utilizing your analytical skills. This position offers a collaborative environment where you can build relationships with clients and colleagues, contributing to impactful financial insights. If you're eager to grow your career in finance and make a difference, this is the perfect opportunity for you.

Benefits

Paid Time Off

Industry-leading Benefits

Resources for Employee Growth

Qualifications

• 0-3 years of experience in Agency MBS or Rates Fixed Income.
• Strong analytical skills with proficiency in Excel and SQL.

Responsibilities

• Process and analyze large datasets to generate trade ideas.
• Create marketing presentations and automate data collection processes.

Skills

Excel

SQL

Python

Statistical Analysis

Education

Bachelor's Degree

Tools

Bloomberg

YieldBook

Job description

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities, and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Objective:

1. Assist senior research analysts in weekly publications, including idea generation, writing, and analysis, as well as presentation of client materials.
2. Become the go-to person for internal and external data requests such as prepayment history, issuance, origination, and demand.
3. Develop or enhance subject matter expertise within Agency MBS.
4. Improve data collection and automation, and enhance existing processes.

Responsibilities:

• Process large datasets—collecting, aggregating, cleaning, analyzing—and interpret the results. Spot idiosyncrasies and trends to generate trade ideas.
• Use statistical measures to interpret the significance of trends.
• Summarize data findings and contribute to the weekly Agency MBS publication, commenting on market trends and developments. Develop a strong writing style and financial literacy.
• Create marketing presentations for client meetings and conferences, developing proficiency in PowerPoint and basic Excel charting.
• Automate processes such as data collection, sorting, and charting; develop regular reports on topics like CMO takeout, TBA float, and MBS attribution.
• Engage with the trading desk to relay market insights and understand different sectors and markets (TBAs, Pools, CMOs, Derivatives).
• Manage monthly prepayment data flow, from data release to commentary and chartbook production, utilizing Python skills for data analysis and visualization.
• Use models to forecast and report on gross mortgage origination trends.
• Perform ad hoc requests such as data collection, model runs, and basic forecasting for the trading desk.
• Collaborate with Securitized Products Strategy and Rates Strategy teams to develop cohesive cross-asset views.
• Build relationships with clients, traders, salespeople, and research team members at the analyst level.

Requirements:

• 0-3 years of experience working in Agency MBS or Rates Fixed Income.
• Strong skills in Excel and SQL; Python skills are a plus.
• Familiarity with Bloomberg, YieldBook, and prepayment modeling is advantageous.

Additional Details:

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Range: $70,000 - $175,000 annually, based on experience, education, and skills. Discretionary incentive eligible.

Benefits: Benefits-eligible role with industry-leading benefits, paid time off, and resources to support employees' growth and community impact.