RMBS - Associate / Associate Director (NY/Chicago)

KBRA; New York, Chicago (NY, IL); Hybride; USD 100 000 - 150 000; Plein temps

Avantages offerts par ce poste

Hybrid schedule

Benefits

PTO

401(k) match

Professional development

Referral bonus

Résumé du poste

KBRA (Kroll Bond Rating Agency) seeks an Associate Director to join our RMBS team in New York, NY or Chicago, IL. The role includes leading collateral and cash flow analysis, preparing reports, and engaging with clients and investors across Prime, Non-QM, and second-lien RMBS sectors.

The ideal candidate has 3+ years in RMBS or rating agencies, strong analytical and modeling skills (Excel/Intex), and a collaborative mindset with mentoring abilities. Travel may be required.

Qualifications

• B.A./B.S. degree required; MBA or CFA are a plus.
• 3+ years of relevant Residential Real Estate, Rating Agency, or RMBS experience strongly preferred.
• Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of bond cash flows.
• Intermediate to advanced Excel skills (Excel test may be administered as part of the interview process).
• Proficiency with Intex cash flow modeling software.
• Excellent written and verbal communications skills (writing sample may be requested).
• Ability to take initiative, work independently, and work closely with partners in a collaborative environment.
• Exceptional attention to detail.
• Familiarity with residential mortgage datasets/tools (e.g. CoreLogic, Fannie/Freddie Single Family Data, BlackKnight, eMBS) are a plus.
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

Responsabilités

• Serve as lead analyst interacting with clients, structuring banks and investors on transactions.
• Conduct loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Prepare/facilitate the preparation of credit memos and present transactions to rating committees.
• Prepare presale and new issue reports.
• Support surveillance efforts for existing transactions.
• Attend and participate in seller/servicer due diligence, investor discussions, or industry events (which may require travel).
• Mentor and foster the development of junior analysts, as necessary.

Connaissances

RMBS

Cash flow modeling

Excel skills

Intex

Credit risk analysis

Communication

Data tools

Mentoring

Formation

Bachelor's degree

MBA or CFA (preferred)

Outils

Excel

Intex

Description du poste

RMBS - Associate / Associate Director (NY/Chicago)

New York, New York, United States and Chicago, Illinois, United States

Position Title: RMBS - Associate / Associate Director (NY/Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, New York or Chicago, Illinois

Summary/Overview :

KBRA (Kroll Bond Rating Agency) is seeking an Associate Director to join our Residential Mortgage-Backed Security (RMBS) team in the New York, NY or Chicago, Illinois office. The ideal candidate will have experience in RMBS 2.0 sectors such as Prime, Non-QM, and second-lien loans. Associate Directors on the RMBS team hold key roles engaging in all aspects of the rating process, which includes conducting collateral and cash flow analysis as well as preparing reports for publication.

About the Team:

Our RMBS team has issued ratings on securities from over 950 transactions spanning across Prime, Non-QM, GSE CRT, Reverse Mortgage, 2 nd Liens, RPLs and more. Our primary objective is to issue high quality credit ratings and maintain them in a timely manner. This objective involves conducting asset credit risk analysis; liability structure scenario analysis; and publishing our viewpoints based on these analyses and our research. We pride ourselves on the quality, accuracy, timeliness, and consistency of our product.

About the Job:

• Serve as lead analyst interacting with clients, structuring banks and investors on transactions.
• Conduct loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Prepare/facilitate the preparation of credit memos and present transactions to rating committees.
• Prepare presale and new issue reports.
• Support surveillance efforts for existing transactions.
• Attend and participate in seller/servicer due diligence, investor discussions, or industry events (which may require travel).
• Mentor and foster the development of junior analysts, as necessary.

You will be successful in this role if you have:

• B.A./B.S. degree required; MBA or CFA are a plus.
• 3+ years of relevant Residential Real Estate, Rating Agency, or RMBS experience strongly preferred. Will consider candidates with compelling experience across ABS asset classes.
• Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of bond cash flows.
• Intermediate to advanced Excel skills (Excel test may be administered as part of the interview process).
• Proficiency with Intex cash flow modeling software.
• Excellent written and verbal communications skills (writing sample may be requested).
• Ability to take initiative, work independently, and work closely with partners in a collaborative environment.
• Exceptional attention to detail.
• Familiarity with residential mortgage datasets/tools (e.g. CoreLogic, Fannie/Freddie Single Family Data, BlackKnight, eMBS) are a plus.
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

Salary Range:

The anticipated annual base salary range for this full-time position is $100,000 to $150,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

• A hybrid work schedule (Tuesday, Wednesday, Thursday in the office)
• Competitive benefits and paid time off
• Paid family and disability leave
• 401(k) plan, including employer match (100% vested)
• Educational and professional development financial assistance
• Employee referral bonus program

About Us:

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

More Info:

KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by federal, state or local law.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in KBRA’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.