Posted 13 days ago
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**Analyze Mortgage-Backed Securities in Growing Team** Fitch Ratings seeks a Residential Mortgage-Backed Securities (RMBS) Analyst in New York. You'll collaborate with senior analysts, analyzing credit risk and cash flow for RMBS transactions. Key responsibilities include evaluating critical elements, producing reports, and communicating ratings methodology. Required skills involve strong analytical, quantitative, and organizational abilities, along with excellent written and verbal communication. A bachelor's degree and 1-3 years of relevant experience is expected. Experience in capital markets, securitization, and/or credit analysis is a plus.
- Compensation
- $85,000 – $100,000 USD
- City
- New York City, Chicago
- Country
- United States
Currency: $ (USD)
Full Job Description
Fitch Ratings is seeking an Analyst to join the Residential Mortgage-Backed Securities (RMBS) Group in our Chicago or New York office.
About the Team:
The U.S. Residential Mortgage-Backed Securities (RMBS) group is adding an 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 Youll 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 bachelors degree at minimum
- You have 13 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 proud to be an Equal Opportunity and Affirmative Action Employer. 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 : Expected base pay rates for the role will be between $85,000 and $100,000 per year. Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base pay is one part of Fitchs total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.
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