Associate / VP – ABS Structuring & Modeling

Fifth Third Bank; New York (NY); On-site; USD 140,000 - 240,000; Full time

Job summary

Fifth Third Bank is seeking an Associate/VP in New York to support ABS structuring and modeling across multiple asset classes, including transportation and consumer assets. You will develop cash flow models using Intex, DealVector, and Excel/VBA, and contribute to deal pitches, marketing materials, and collateral analyses.

You will collaborate with senior structurers, originators, distribution teams, and rating agencies to optimize structures, run stress tests, and respond to investor questions.

Qualifications

• 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.
• Proficiency in Excel (complex formula), Intex, Bloomberg; SQL, Python, VBA a plus.
• Strong understanding of cash flow waterfall mechanics, credit enhancement features, rating agency stress scenarios.
• Experience with transportation (aircraft, container, rail) and consumer assets; exposure to digital infrastructure assets.
• FINRA Series 7, 63, and 79 licenses preferred; willingness to obtain them within a reasonable timeframe.

Responsibilities

• Develop, maintain, and update cash flow models for ABS transactions using Intex, DealVector, and Excel/VBA; incorporate waterfall mechanics and triggers.
• Design and optimize transaction structures, including tranche sizing, credit enhancements, and payment priorities, per rating agency criteria.
• Prepare pitch books, transaction summaries and marketing materials by integrating cash flow analytics.
• Collaborate with internal risk, relationships, distribution, issuers, legal, rating agencies, and investors.
• Support roadshows and investor meetings with clear explanations of cash flow mechanics and structural features.

Skills

Financial Modeling

ABS Structuring

Stakeholder Collaboration

Leadership & Strategy

Education

Math / CS / Engineering / Finance degree

Tools

Excel

Intex

Bloomberg

SQL

Python

VBA

Job description

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.

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.

ABOUT THE ROLE:

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:

• 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:

• 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 / VP – ABS Structuring & Modeling

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.

Compensation for this position is largely incentive-based. Incentive compensation is combined with either a base salary or a draw to determine total cash compensation, and incentive compensation is based upon company, line of business and/or individual performance. More information can be obtained upon request.

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

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.