Non-Agency RMBS & CLO Research Analyst/Associate

Bank of America; New York (NY); On-site; USD 110,000 - 175,000; Full time

Benefits offered by this job

Benefits eligible

Discretionary incentive eligible

Job summary

Bank of America is seeking a Research Analyst to join the top-ranked RMBS and CLO Research team in New York. The role involves market research, data analysis, and publishing sector updates to institutional clients.

Responsibilities include tracking mortgage trends, performing SQL-based analyses, and preparing materials for senior stakeholders. 40-hour week with a pay range of $110,000 to $175,000, depending on experience and skills.

Qualifications

• Bachelor’s degree required (field not necessary but a plus).
• SQL, Excel and Python skills or prior experience with similar data processing languages a plus.
• Good written and verbal communication skills.
• Strong attention to detail; exercise strong quality control over own work.
• Ability & willingness to work hard.

Responsibilities

• Conducting in-depth sector and market research on Housing, Corporate Credit and mortgage trends.
• Track borrower performance in RMBS & CLO deals, track issuance trends in the sector & highlight pertinent observations.
• Perform statistical analysis using SQL, analyze collateral quality metrics and cash flow distributions to formulate broad-based market recommendations.
• Publishing sector updates on a regular basis and assist teams in producing weekly, monthly, and quarterly research publications.
• Prepare presentation/marketing materials for senior associates/clients on an ad-hoc basis.
• Initiating and building relationships with clients and within the bank to develop a network of contacts appropriate to the industry, country or asset market covered.

Skills

SQL

Python

Excel

Communication skills

Attention to detail

Education

Bachelor’s degree

Job description

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description: The analyst would have the opportunity to work in the top ranked team for RMBS and CLO Research. The team has been ranked 1st multiple years in a row in various investor surveys. Since 2021, the RMBS, CLO & Securitized Products team have been ranked 1st in the Extel/Institutional Investors Survey Rankings, Awarded Best Research by the LSTA / Deal Catalyst since they started the awards process in 2022 and the Most Helpful Research desk in the Greenwich survey. Research Analysts are responsible for monitoring market statistics, conducting primary research individual sectors they cover, writing franchise pieces and servicing institutional clients.

Sample responsibilities and projects include:

• Conducting in-depth sector and market research on Housing, Corporate Credit and mortgage trends
• Track borrower performance in RMBS & CLO deals, track issuance trends in the sector & highlight pertinent observations
• Perform statistical analysis using SQL, analyze collateral quality metrics and cash flow distributions to formulate broad-based market recommendations
• Publishing sector updates on a regular basis and assist teams in producing weekly, monthly, and quarterly research publications
• Prepare presentation/marketing materials for senior associates/clients on an ad-hoc basis
• Initiating and building relationships with clients and within the bank to develop a network of contacts appropriate to the industry, country or asset market covered
• Visit & discuss strategies in Client meetings and respond to requests on data, strategy and market insights

Qualifications

• Bachelor’s degree required (Computer Science, Statistics, Economics, or Finance background not necessary but a plus)
• SQL, Excel and Python skills or prior experience with similar data processing languages a plus
• Good written and verbal communication skills
• Strong attention to detail; exercise strong quality control over own work
• Ability & willingness to work hard
• Shift: 1st shift (United States of America)
• Hours Per Week: 40
• Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $110,000.00 - $175,000.00 annualized salary, offers to be determined based on experience, education and skill set.
• Discretionary incentive eligible
• Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Privacy Statement

https://careers.bankofamerica.com/en-us/privacy-notice

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Partnering Locally

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Global Impact

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Opportunity and Inclusion

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Pay Transparency

https://careers.bankofamerica.com/en-us/pay-transparency