Associate – ABS Structuring & Modeling

Fifth Third; New York (NY); On-site; USD 82,000 - 173,000; Full time

Job summary

Fifth Third Bank in New York is seeking an Associate in ABS Structuring & Modeling to support analytical and execution work across ABS transactions, including transportation and consumer assets. You will build cash flow models, design structures, and assist with pitches and marketing materials.

You will collaborate with senior structurers, originators, distribution teams, rating agencies, and investors; require 4+ years in structured finance, strong Excel and Intex skills, and knowledge of

Qualifications

• 4+ years in structured finance or ABS modeling.
• Degree in Math, CS, Engineering, Finance or other quantitative field.
• Experience with ABS warehouse and securitization modeling.
• Advanced Excel skills; Intex and Bloomberg proficiency.
• SQL, Python, or VBA programming a plus.
• Knowledge of cash flow waterfall mechanics and rating agency stress scenarios.
• Experience with transportation and consumer assets; digital infrastructure assets preferred.
• Familiarity with rating agency methodologies and stress-case modeling.

Responsibilities

• Develop and maintain cash flow models for ABS using Intex, DealVector, and Excel/VBA.
• Design transaction structures, including tranche sizing and credit enhancement.
• Prepare pitch books and marketing materials with cash flow analytics.
• Collaborate with risk, relationship managers, distribution, issuers, counsel, rating agencies and investors.
• Explain cash flow mechanics and risk mitigants at roadshows and investor meetings.

Skills

Financial modeling

ABS expertise

Cash flow analysis

Excel proficiency

Stakeholder communication

Education

Math/CS/Engineering/Finance degree

Tools

Intex

Bloomberg

SQL

Python

VBA

DealVector

Job description

ABOUT THE ROLE:

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. This role provides analytical and execution support across Asset-Backed Securities (ABS) transactions, assisting with structuring and cash flow modeling across multiple asset classes, including transportation (aircraft, container, rail), auto, consumer assets, equipment, music/TV/film royalties, and digital infrastructure. The position supports both public market issuances and private placement transactions and works closely with senior structurers, originators, and distribution teams across the ABS platform. This role supports the development of bond structures and cash flow models for pitches and marketing materials, assists in reviewing transaction documentation, and contributes to interactions with rating agencies and accounting firms. The role also helps respond to investor questions related to deal structure and cash flow analytics in coordination with senior team members. Responsibilities include supporting bond analysis, assisting with modeling rating agency stresses, performing breakeven analysis, and conducting detailed cash flow analytics. This role serves as a core analytical resource supporting the ABS structuring, origination, and distribution process. The position also supports the ABF team's lending activities by maintaining and running loan facility models and assisting with transaction stress testing in accordance with internal policies and rating agency methodologies.

YOUR RESPONSIBILITIES:

The responsibilities for this role are below; you may support projects of varying complexity based on skill and organizational priorities. Develop, maintain, and update cash flow models for ABS transactions using Intex, DealVector, and Excel/VBA, incorporating waterfall mechanics, triggers, and amortization features. Design and optimize transaction structure, including tranche sizing, credit enhancement levels, and payment priorities, informed by rating agency criteria, investor considerations, and internal discussions. Assist in the preparation of pitch books, transaction summaries and marketing materials by integrating cash flow analytics for both internal and external presentations. Collaborate with various constituents of ABS transactions including the internal risk team, relationship managers, distribution desk, issuers, legal counsel, rating agencies, and investors. Participate in roadshows and investor meetings as needed, provide technical explanations of cash flow mechanics, structural features, and risk mitigants.

MINIMUM REQUIREMENTS:

4+ years of experience in structured finance, preferably at an investment bank, accounting or advisory firm, or rating agency. Degree in Math, Computer Science, Engineering, Finance or other quantitative discipline. Track record of structuring ABS warehouse and securitization transaction modeling. Proficiency in Excel (complex formula), Intex, Bloomberg. Basic programming skills (e.g. SQL, Python, VBA) a plus. Strong understanding of cash flow waterfall mechanics, credit enhancement features, rating agency stress scenarios. Prior experience with transportation (aircraft, container, and rail) and consumer assets (subprime auto) preferred along with exposure to digital infrastructure assets. Experience with collateral analytics, including generating stratification tables, replines, and other analytical outputs from data tapes. Familiarity with rating agency methodologies, including stress-case modeling and sensitivity analysis. Understanding of macro market, rates, and hedging. Knowledge of financing facilities (warehouse, term loan, portfolio). FINRA Series 7, 63, and 79 licenses preferred; candidates without active licenses must be willing to obtain them within a reasonable timeframe.

SKILLS FOR SUCCESS:

Successful candidates will demonstrate a higher degree of proficiency (typically 4+ years of practical experience or advanced academic exposure) across the following areas: Financial Modeling & Analytical Skills - Builds and maintains complex cash flow models, optimizes structures, and responds to investor and rating agency feedback. Structured Finance & ABS Expertise - Structures deals, understands rating agency frameworks, and navigates financing facilities. Stakeholder Collaboration & Communication Skills - Builds relationships, negotiates documentation, and responds to investor queries. Leadership & Strategic Thinking - Provides structural insights and influences transaction outcomes through strategic input.

DOING THE RIGHT THING:

Our employees take pride in doing the right thing for customers and colleagues as well as being accountable for risk by openly exchanging ideas and opinions, elevating concerns, and following policies and procedures that protect all our valuable assets - including you.

Associate - ABS Structuring & Modeling Total Base Pay Range 82,100.00 - 172,500.00 USD Annual At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION:

New York, New York 10020

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Introduce yourself to our team to stay connected on future opportunities. We look forward to finding the right place for you. Are you ready to take the next step? Fifth Third is a bank that is as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.