Structured Finance Investment Analyst (RMBS & CMBS)

DWS Group; New York (NY); Hybrid; USD 133,000 - 206,000; Full time

Job summary

DWS Group in New York is seeking a Structured Finance Analyst to support the research, analysis, and ongoing surveillance of CMBS and RMBS. The role sits in the Structured Finance Team within the Americas investment division and focuses on evaluating new issues and monitoring existing portfolios.

You will build cash flow models, review filings, and contribute to investment recommendations, while leveraging Excel, Intex, Trepp and Bloomberg.

Qualifications

• Prior experience at a rating agency or buy-side investment firm with MBS expertise (CMBS/RMBS).
• Bachelor’s degree.
• Proficiency with Excel, Intex, Trepp, and Bloomberg.
• Strong integrity, fiduciary responsibility; client focus and team player.
• Strong written and oral communication; ability to leverage AI tools.

Responsibilities

• Assist in evaluating RMBS and CMBS new issue transactions and surveillance.
• Formulate high-conviction investment recommendations across accounts.
• Review offering memoranda and interpret legal/structural provisions.
• Underwrite collateral including cash flows, DSCR, LTV, sponsor quality.
• Build and maintain cash flow models to assess structure and credit.
• Maintain data integrity in portfolio management and trading systems.

Skills

MBS experience

Rating agency

Buy-side experience

Excel

AI tools

Communication

Integrity

Education

Bachelor's degree

Tools

Intex

Trepp

Bloomberg

Job description

DWS Group

Structured Finance Investment Analyst (RMBS & CMBS)

New York

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.

Position Overview

Employer: DWS Group Title: Structured Finance Investment Analyst (RMBS & CMBS) Location: New York Job Code: 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.

Read More About DWS And Who We Are Here

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.

• The candidate will 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
• Reviewing offering memoranda (interpreting interpret 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 renumeration.

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. Click here to learn more!

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.

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.

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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. Talk to us about flexible work arrangements and other initiatives we offer.

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 strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

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. Click these links to view "Deutsche Bank’s Equal Opportunity Policy Statement" and the following notices: "EEOC Know Your Rights" ; "Employee Rights and Responsibilities under the Family and Medical Leave Act" ; and "Employee Polygraph Protection Act" .