RMBS - Associate / Associate Director (NY/Chicago)

Summary/Overview

Location: New York, New York or Chicago, Illinois

KBRA (Kroll Bond Rating Agency) is seeking an Associate Director to join our Residential Mortgage-Backed Security (RMBS) team in the New York, NY or Chicago, Illinois office. The ideal candidate will have experience in RMBS 2.0 sectors such as Prime, Non-QM, and second-lien loans. Associate Directors on the RMBS team hold key roles engaging in all aspects of the rating process, which includes conducting collateral and cash flow analysis as well as preparing reports for publication.

About the Job

• Serve as lead analyst interacting with clients, structuring banks and investors on transactions.
• Conduct loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Prepare/facilitate the preparation of credit memos and present transactions to rating committees.
• Prepare presale and new issue reports.
• Support surveillance efforts for existing transactions.
• Attend and participate in seller/servicer due diligence, investor discussions, or industry events (which may require travel).
• Mentor and foster the development of junior analysts, as necessary.

You will be successful in this role if you have

• B.A./B.S. degree required; MBA or CFA are a plus.
• 3+ years of relevant Residential Real Estate, Rating Agency, or RMBS experience strongly preferred. Will consider candidates with compelling experience across ABS asset classes.
• Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of bond cash flows.
• Intermediate to advanced Excel skills (Excel test may be administered as part of the interview process).
• Proficiency with Intex cash flow modeling software.
• Excellent written and verbal communications skills (writing sample may be requested).
• Ability to take initiative, work independently, and work closely with partners in a collaborative environment.
• Exceptional attention to detail.
• Familiarity with residential mortgage datasets/tools (e.g. CoreLogic, Fannie/Freddie Single Family Data, BlackKnight, eMBS) are a plus.
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

Salary Range

The anticipated annual base salary range for this full-time position is $100,000 to $150,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

Benefits

• A hybrid work schedule (Tuesday, Wednesday, Thursday in the office)
• Competitive benefits and paid time off
• Paid family and disability leave
• 401(k) plan, including employer match (100% vested)
• Educational and professional development financial assistance
• Employee referral bonus program

More Info

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