Structured Credit - Analyst, Vice President

Guggenheim Investments; Santa Monica (CA); On-site; USD 180,000 - 240,000; Full time

Job summary

Guggenheim Investments is seeking a Structured Credit Analyst in Santa Monica, CA. The role covers complex investments across ABS, CLO, RMBS and CMBS with a focus on credit views, modeling, and market research.

The position requires strong analytical and communication skills and offers collaboration with senior professionals in a fast-paced environment at the Santa Monica office.

Qualifications

• 6-9 years of research, analysis, or structuring in credit fixed income.
• Advanced Excel skills required; SQL and Python desirable.
• Strong credit, finance, economic, business and technical skills.

Responsibilities

• Lead evaluation of specialized investments with multiple information sources.
• Generate credit views, trade ideas and research summaries; perform returns and scenario analysis.
• Present ideas to sector teams and PMs; prepare client presentation materials.
• Develop and maintain cashflow and financial models for complex investments.
• QC monthly/quarterly surveillance and assist with portfolio acquisitions.
• Coordinate with dealers and industry experts for research.

Skills

Credit analysis

Financial modeling

Excel

SQL

Python

Written communication

Verbal communication

Education

MBA or MFE

CFA or progress toward CFA

Tools

Bloomberg

BRS

YieldBook

Intex

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

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.