LA-Based Structured Credit VP: Non-Agency RMBS Expert

Ledgend Group; Los Angeles (CA); On-site; USD 180,000 - 290,000; Full time

Job summary

Ledgend Group in Los Angeles seeks a Structured Credit VP focused on non-agency RMBS and related credit strategies. This research-driven, high-conviction role sits within a flat, intellectual environment valuing cross-disciplinary thinking and deep expertise.

The candidate should bring 5+ years in structured credit with non-agency RMBS, strong loan-level analysis, and a willingness to relocate to downtown LA for an office-based position.

Qualifications

• 5+ years of experience in structured credit investing, with non-agency RMBS expertise.
• Strong loan-level analysis and cashflow modeling capabilities.
• Willingness to relocate to Los Angeles; office-based role in downtown LA.

Responsibilities

• Conduct deep fundamental analysis across non-agency RMBS sectors (NPL, RPL, jumbo, RTL).
• Contribute original research and investment ideas informing portfolio positioning.
• Evaluate new issue and secondary market opportunities; perform loan-level due diligence and scenarios.
• Engage in a positionless, collaborative team environment.
• Monitor portfolio holdings, collateral performance, prepayment behavior, and credit migration.
• Build and maintain relationships with dealers, originators, servicers, and other market participants.

Skills

Structured credit

Non-agency RMBS

Loan-level analysis

Cashflow modeling

Original research

Relative value

Education

Advanced degree

CFA

Job description

Ledgend Group in Los Angeles seeks a Structured Credit VP focused on non-agency RMBS and related credit strategies. This research-driven, high-conviction role sits within a flat, intellectual environment valuing cross-disciplinary thinking and deep expertise.

The candidate should bring 5+ years in structured credit with non-agency RMBS, strong loan-level analysis, and a willingness to relocate to downtown LA for an office-based position.