Structured Credit - Analyst, Vice President

Guggenheim Investments; Santa Monica (CA); On-site; USD 150,000 - 230,000; Full time

Job summary

Guggenheim Investments seeks a Structured Credit Analyst to maintain market coverage, analyze securities and portfolios, and source investments across ABS, CLO, RMBS, and CMBS. The role involves aggregating market information for credit sector teams and senior professionals at the Santa Monica office.

The candidate will evaluate complex investments, generate credit views, and present ideas to portfolio managers, while developing cashflow models and surveillance processes.

Qualifications

• 6-9 years of research, analysis, or structuring in credit fixed income.
• Strong credit, finance, economic, business and technical skills.

Responsibilities

• Lead evaluation of specialized and complex investments using governing documents, research, financial reports, news, ratings, and market information.
• Generate credit views, trade ideas and research summaries; perform total return, OAS, and scenario analysis with standard tools.
• Present trade ideas and credit views to sector teams and PMs; prepare client presentation materials on market developments and views.
• Develop and maintain cashflow and financial models for complex investments; QC models for on-the-run investments; maintain deal comps and credit statistics.
• Participate in meetings with dealers and industry experts for market background and deal research.
• Direct and QC monthly/quarterly surveillance processes.
• Ensure completeness of investment analysis per firm standards.
• Review prospective portfolio acquisitions; conduct ad hoc analyses for PMs, management, clients, and desk inquiries.

Skills

Credit research

Fixed income analysis

Quantitative modeling

Excel

Communication skills

Education

MBA or MFE desirable

CFA or progress toward CFA required

Advanced degree (MBA/MFE) desirable

Tools

Bloomberg

BRS

Yieldbook

Intex

SQL

Python

Job description

Position Summary

Guggenheim Investments is seeking a Structured Credit Analyst. The Structured Credit Analyst is responsible for maintaining market coverage, conducting security and portfolio-level analysis, and sourcing and reviewing investments. This position is collaborative and may be cross-functional across one or more of ABS, CLO, RMBS, and CMBS in response to market conditions, with the employee responsible for intermediating, aggregating, and disseminating market information to credit sector teams, portfolio managers, and senior investment professionals. The employee will report to a senior Structured Credit Analyst/Sector Lead. The employee will work in the firm’s Santa Monica, California office.

Responsibilities

• Lead evaluation of specialized and complex investments utilizing all available sources of information including governing documents, published research, financial reports, news, rating agency reports, and market information
• Generate credit views, trade ideas and research summaries. Conduct total return, OAS, and scenario analysis using standard analytical tools. Emphasis on in-depth collateral and structural analysis.
• Present trade ideas and credit views to sector team members and portfolio managers. Maintain and originate client presentation materials related to key market development and investment views
• Maintain and develop cashflow and financial models for specialized and complex investments. Oversee and QC cashflow / financial models for less-complex, on-the-run investments. Develop and maintain internal catalogues of deal comps, credit views, and credit statistics to support monitoring, surveillance, and relative risk and value analysis. Research developments related to specialized and more complex investments
• Participate in meetings with dealers and industry experts for industry background and deal research.
• Direct and QC monthly/quarterly surveillance process.
• Ensure completeness of investment analysis and documentation in conformance with firm standards
• Conduct reviews of prospective portfolio acquisitions
• Conduct and oversee ad hoc analysis to support PM, management, client, and desk-directed inquiries

Qualifications

Basic Qualifications

• 6-9 years of research, analysis, or structuring in credit fixed income
• Strong credit, finance, economic, business and technical skills

Preferred Qualifications

• Vice President (7-10 years) experience in credit research, analysis, trading, or structuring on the buy-side
• Advanced degree (MFE, MBA) or equivalent educational background are desirable. CFA or progress toward CFA is required
• Experience with industry standard tools such as Bloomberg, BRS, Yieldbook, Intex
• Strong credit, finance, economic, business, and technical skills
• Advanced Excel skills are required. SQL, Python skills are desirable
• Strong written and verbal communication skills
• Ability to multi-task across analytical, administrative, and research activities in a detail oriented and timely manner.
• Strong commitment to performance and accuracy of work product
• Team oriented individual with ability to work independently and work well with diverse groups in a market-paced environment

We are unable to consider candidates who require current or future visa sponsorship for employment in the United States. Candidates must be authorized to work in the US without current or future visa sponsorship or transfer.

We are not seeking agency assistance with this position.