Structured Finance - Residential Mortgage-Backed Securities, Associate Director

Finsight Group Inc; Chicago (IL); Hybrid; USD 110,000 - 135,000; Full time

Benefits offered by this job

Hybrid work

Learning & mobility programs

Tuition reimbursement

Healthcare offerings

Parental leave

Employee resource groups

Volunteer days

Matched donations

Job summary

Fitch Ratings is seeking an Associate Director for Structured Finance - RMBS in a hybrid model. The role leads end-to-end RMBS analysis, assesses credit, cash flow, legal, and structural risks, and mentors junior staff.

You will engage issuers, arrangers, and investors and contribute to thought leadership. You will chair or present at rating committees, drive criteria application, and produce market research and issuer communications.

Qualifications

• 5–8 years of RMBS/ABS experience with strong analytical skills.
• Bachelor’s degree; CFA/FRM a plus.
• Proficient cash flow modeling and handling large datasets.
• Strong written and verbal communication, with senior stakeholders.
• Collaborative in fast-paced, deadline-driven environments.

Responsibilities

• Lead primary and surveillance analysis of RMBS transactions, including collateral, structural, legal, and counterparty assessments.
• Own cash flow modeling, scenario design, and sensitivity analysis; oversee model deployment and results interpretation.
• Present recommendations at rating committees and document decisions to a high standard.
• Drive criteria application and contribute to criteria development and methodological enhancements.
• Produce high-quality research, market commentary, and issuer/investor communications.
• Manage and deepen issuer/transaction relationships; represent Fitch in meetings.
• Coach and review junior/senior analysts to ensure rigor and consistency.
• Monitor market developments and regulatory changes; translate insights into viewpoints.

Skills

RMBS/ABS experience

Cash flow modeling

Analytical skills

Stakeholder engagement

Mentorship

Education

Bachelor's degree

Tools

RMBS modeling tools

Job description

Structured Finance - Residential Mortgage-Backed Securities, Associate Director

The Associate Director for Structured Finance - RMBS will lead the analysis and presentation of complex transactions, assess associated risks, and contribute to research and market engagement. A successful candidate will have 5-8 years of experience in RMBS/ABS and strong analytical skills. This role also emphasizes mentorship, relationship management, and thought leadership.

The U.S. RMBS group is seeking an Associate Director to help lead transaction coverage and contribute to criteria, research, and market engagement. In this role, you will lead end-to-end analysis and presentation of complex RMBS transactions; independently assess credit, cash flow, legal, and structural risks; chair or present at rating committees; mentor junior analysts; engage with issuers, arrangers, and investors; and contribute to thought leadership and criteria enhancements.

How You’ll Make an Impact:

• Lead primary and surveillance analysis of RMBS transactions, including collateral, structural, legal, and counterparty assessments
• Own cash flow modeling, scenario design, and sensitivity analysis; oversee model deployment and results interpretation
• Present recommendations at rating committees; chair committees as needed and document decisions to a high standard
• Drive criteria application and contribute to criteria development and methodological enhancements
• Produce high-quality research, market commentary, and issuer/investor communications
• Manage and deepen assigned issuer and transaction relationships; represent Fitch in external meetings and conferences
• Coach and review the work of junior and senior analysts to ensure analytical rigor and consistency
• Monitor market developments, performance trends, and regulatory changes; translate insights into analytical viewpoints

You May Be a Good Fit if:

• You have 5-8 years of relevant experience in RMBS/ABS, mortgage credit, structured finance, or closely related capital markets roles
• You hold at least a bachelor’s degree; advanced degree and/or CFA/FRM is a plus
• You possess strong analytical and quantitative skills, including proficiency with cash flow modeling and large datasets
• You have excellent written and verbal communication skills and are comfortable engaging senior external stakeholders
• You thrive in a collaborative, fast-paced environment and can manage multiple transactions and deadlines

What Would Make You Stand Out:

• Direct lead experience on RMBS new-issue and surveillance mandates, including presenting or chairing rating committees
• Deep knowledge of U.S. mortgage products, origination/servicing practices, due diligence, and performance drivers
• Hands-on experience with RMBS cash flow engines, loan-level analytics, and scenario/sensitivity frameworks
• Demonstrated contributions to criteria, methodology consultations, or thought-leadership publications
• Established relationships with RMBS issuers, arrangers, servicers, and investors
• Experience mentoring and reviewing the work of junior analysts; strong quality control and documentation discipline

Why Choose Fitch:

• Hybrid Work Environment: 3 days a week in office required based on your line of business and location
• A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity
• Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
• Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
• Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
• Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe
• Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community

Pay Transparency:

FOR NEW YORK AND CHICAGO ROLES: Expected base pay rates for the role are between $110,000 and $135,000 per year. Actual salaries will be determined on an individual basis and may vary based on factors including, but not limited to, education, training, experience, past performance, and other job-related considerations. Base pay is one component of Fitch’s total compensation package, which may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch, depending on the position.