Structured Finance Investment Analyst (RMBS & CMBS)

Deutsche Bank AG; New York (NY); Hybrid; USD 133,000 - 206,000; Full time

Job summary

DWS is seeking a Structured Finance Analyst to support the research, analysis, and ongoing surveillance of CMBS and RMBS. Based in New York, you will join the Structured Finance Team within the Americas investment division and cover a range of products including open-end mutual funds and managed accounts.

Key tasks include evaluating new issues and monitoring existing holdings, building cash-flow models, reviewing memoranda, and maintaining data integrity in portfolio systems.

Qualifications

• Experience in CMBS/RMBS structures and surveillance.
• Strong Excel and industry tools like Intex, Trepp, Bloomberg.
• Prior rating agency or buy-side experience preferred.
• Team player with strong written and verbal communication.

Responsibilities

• Assist evaluating new issue transactions and surveil existing RMBS/CMBS.
• Formulate investment recommendations based on relative value.
• Review offering memoranda and interpret provisions.
• Underwrite collateral including cash flows, DSCR, LTV.
• Build and maintain cash flow models to assess structure and credit.
• Maintain data integrity in portfolio management and trading systems.

Skills

MBS analysis

Excel proficiency

AI tools usage

Team collaboration

Communication skills

Education

Bachelor’s degree

Tools

Intex

Trepp

Bloomberg

Job description

Employer: DWS Group

Title: Structured Finance Investment Analyst (RMBS & CMBS)

Location: New York

Job Code: #LI-MB1 #LI-02

About DWS

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change. Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment. We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

Job Summary

DWS is seeking a Structured Finance Analyst to support the research, analysis, and ongoing surveillance of commercial mortgage-backed securities (CMBS) and residential mortgage-backed securities (RMBS). This position is in the Structured Finance Team, a key part of DWS Americas investment division. The team covers a wide range of products, including open-end mutual funds, institutional and retail separately managed accounts. The Structured Finance Team is seeking a candidate to join the team based in New York.

Your Key Responsibilities

• Assist team members in evaluating both new issue transactions and surveilling existing portfolio holdings across RMBS and CMBS
• Formulate high conviction investment recommendations based on relative value, factoring in various account risk tolerances
• Review offering memoranda (interpreting legal and structural provisions)
• Underwriting collateral (including property-level cash flows, DSCR, LTV, and sponsor quality)
• Building and maintaining cash flow models to assess structure and credit
• Lead efforts to maintain data integrity within various portfolio management and trading systems

Your Skills and Experience

• Preferred candidates will have prior experience at a rating agency or buy-side investment firm with proven expertise in Mortgage Backed Securities (MBS) including CMBS and/or RMBS
• Bachelor’s degree
• Highly proficient with Excel and industry-standard tools such as Intex, Trepp, and Bloomberg
• Have a keen sense of integrity and fiduciary responsibility; be client focused and a strong team player
• Strong written and oral communication skills
• Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

What we’ll offer you

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and it’s important to us that you enjoy coming to work – feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalized plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone. The salary range for this position in New York is $133,000 to $206,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration. At DWS, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home.

DWS’ Hybrid Working model

DWS’ Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

Adjustments

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long‑term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.

Our Commitment to Equal Employment Opportunity

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation. We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high‑performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.

Further Information

We promote flexible work arrangements and other initiatives we offer. We encourage collaborative culture and continue to evolve in an ever‑changing environment to support our colleagues’ growth and overall well‑being.