Structured Finance - Residential Mortgage-Backed Securities, Senior Analyst - Chicago

FitchGroup; Chicago (IL); Hybrid; USD 95,000 - 110,000; Full time

Job summary

Fitch Ratings seeks a Senior Analyst to join the Residential Mortgage-Backed Securities (RMBS) Group in our New York office. You will collaborate with more senior analysts on transaction analysis, run cash flow models, and prepare quality reports for rating committees.

You will also present analysis to issuers and investors, develop understanding of legal and accounting issues affecting securities, and contribute to research reports. This is a hybrid role with exposure to non-agency RMBS assets.

Qualifications

• Bachelor's degree required, minimum 2–4 years of relevant experience in capital markets, securitization, mortgage markets, or credit analysis.
• Strong analytical, quantitative, and organizational skills; excellent written and verbal communication; team-oriented.
• Experience in analyzing non-agency RMBS and presenting to rating committees is a plus.

Responsibilities

• Analyze critical credit, legal, and structural elements of RMBS transactions.
• Produce internal and external written reports for credit committees, criteria, and market commentary.
• Communicate Fitch rating methodology to issuers and investors.
• Deploy and maintain cash flow models and tools used in the rating process.
• Lead or support research projects.

Skills

Analytical

Quantitative analysis

Written communication

Verbal communication

Teamwork

Education

Bachelor's degree

Tools

Excel

Financial modeling

Cash flow analysis

Job description

Job Description

Fitch Ratings is seeking a Senior Analyst to join the Residential Mortgage-Backed Securities Group (RMBS) in our New York office.

About the Team:

The U.S. Residential Mortgage-Backed Securities (RMBS) group is adding a Senior Analyst to its growing team. This position will collaborate with more senior analysts on transaction analysis; run models and perform spreadsheet analysis to evaluate credit risk and cash flow coverage for RMBS transactions; present transaction reviews and analysis at rating committees; develop an understanding of legal and accounting issues affecting a security; and contribute to research reports and press releases.

How You'll Make an Impact:

• Analyze critical credit, legal, and structural elements of non-agency residential mortgage-backed transactions
• Produce quality internal and external written reports, including credit committees, criteria, special reports, and market commentary
• Communicate Fitch rating methodology and criteria to issuers and investors
• Deployment and implementation of cash flow models and tools used in the rating process
• Lead and/or support research projects

You May Be a Good Fit if:

• You have a bachelor's degree at minimum
• You have 2-4 years of relevant experience (excluding internships)
• Experience in capital markets, securitization/structured products, mortgage markets, and/or credit analysis is a plus
• You possess strong analytical, quantitative, and organizational skills
• You have excellent written and verbal communication skills
• You have the ability to excel in a team-oriented environment

What Would Make You Stand Out:

• Analyzing critical credit, legal, and structural elements of residential mortgage-backed transactions
• Experience across non-agency RMBS asset classes, such as Prime Jumbo, NQM, CES, CRT, HELOC, RTL, RPL, and NPL
• Exposure to RMBS new-issue and surveillance mandates

Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch's credibility and reputation, our employees must take every precaution to avoid conflicts of interest or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.

Fitch is proud to be an Equal Opportunity and Affim

We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

FOR NEW YORK ROLES ONLY: Expected base pay rates for the role are between $95,000 and $110,000 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.

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Nearest Major Market: Chicago