CMBS Primary Trader: Structuring & Market Execution

Nomura

New York (NY)

On-site

USD 175,000 - 210,000

Full time

3 days ago

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Job summary

Nomura in New York is seeking a Primary CMBS Trader to structure, price and distribute new-issue CMBS across conduit, SASB, and CRE CLO platforms. The role requires advanced modeling, knowledge of deal mechanics and strong communication with investors and syndicate teams.

The ideal candidate will have 2+ years CMBS conduit experience, expertise in Intex/Trepp/Bloomberg, and strong Excel/VBA, Python or SQL analytics skills to support pricing and risk management decisions.

Qualifications

2+ years CMBS conduit structuring experience.
Strong CMBS cash flow modeling and deal mechanics knowledge.
Proficient with Intex, Trepp, and Bloomberg; advanced Excel skills.
VBA, Python or SQL for custom analytics preferred.
Solid loan-level analytics: DSCR, LTV, occupancy, diversification.
Familiarity with risk retention, B-piece and regulatory implications.

Responsibilities

Lead structuring and pricing analysis for primary CMBS conduit transactions.
Collaborate with Banking, Underwriting and Securitization to design efficient structures.
Build and maintain bond-level cash flow models using Intex, Bloomberg and Excel.
Develop de al comparables and relative value frameworks across vintages and product types.
Provide investors with detailed structural analyses and pricing rationale.
Manage pipeline risk with Risk teams, including pre-pricing and hedging.
Monitor primary market spreads, issuance trends and macro factors.