RMBS Associate Director – Lead Analyst (NY/Chicago)

KBRA; New York, Chicago (NY, IL); Hybrid; USD 100,000 - 150,000; Full time

Benefits offered by this job

Hybrid schedule

Benefits

PTO

401(k) match

Professional development

Referral bonus

Job summary

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.

Responsibilities

• 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.

Skills

RMBS

Cash flow modeling

Excel skills

Intex

Credit risk analysis

Communication

Data tools

Mentoring

Education

Bachelor's degree

MBA or CFA (preferred)

Tools

Excel

Intex

Job description

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.