Global Banking & Markets -Dallas- Associate, Loan Management & Due Diligence - 10281019

Job Duties

• Support the trading desk through all stages of potential non-performing, re-performing, and new origination/forward flow bids (NPL/RPL/New Origination), including evaluating pool and bid data, normalizing and loading loan-level data into internal databases, analyzing and stratifying pools, determining appropriate modeling assumptions, running analytics, and producing bid packets and investment committee memoranda.
• Monitor month-over-month portfolio changes and identify the key drivers behind them across all residential mortgage whole-loan and warehouse positions in collaboration with the trading desk on the monthly marking of these positions.
• Produce detailed monthly reports on Profit and Loss (P&L), returns, cash flows, and collateral performance across multiple loan portfolios.
• Deliver qualitative and quantitative analysis on the key drivers of portfolio performance and recommend actionable strategies to asset managers and the trading desk.
• Collaborate with transaction managers and due-diligence teams to ensure all post-bid activity data related to the final settlement of awarded bids are accurately reflected in internal systems.
• Work closely with internal teams, including Data Management, Operations, Technology, Controllers, Risk, and Modeling, to ensure data quality, accurate cash processing, and validated modeling assumptions.
• Engage with external portfolio servicers and managers to understand their business plans, track actual performance against projections, and develop a nuanced understanding of collateral characteristics across geographies.
• Conduct periodic model back-testing on the existing portfolio and recommend modeling-assumption adjustments to the trading desk.

Job Requirements

• A Master’s degree (U.S. or foreign equivalent) in Quantitative Finance, Finance, Accounting, Economics, Business Analytics, or related field and one (1) year of experience in job offered or a related role.
• A Bachelor’s degree (U.S. or foreign equivalent) in Quantitative Finance, Finance, Accounting, Economics, Business Analytics, or related field and three (3) years of experience in job offered or a related role.
• Prior employment must include one (1) year of experience (with a Master’s) OR three (3) years of experience (with a Bachelor’s) with:
• Executing mortgage cashflow models and explaining drivers of different mortgage valuations and providing feedback to modeling team to enhance the accuracy and predictability of the model;
• Building and maintaining cash flow, prepayment, default, and loss-severity models for residential mortgage whole-loan portfolios, including periodic back-testing of model outputs against actual collateral performance and recommending assumption adjustment;
• Monitoring interest rate risk exposure to the mortgage portfolio and allocating hedge P&L on loan level, based on different loan characteristics;
• Reconciling post-bid settlement data by collaborating with transaction managers, due-diligence teams, and internal systems, including trade capture, loan accounting, and data management platforms, to ensure accuracy;
• Working with Structured Query Language (SQL) to access and analyze large amounts of data;
• Programming languages, including Python or R, to automate different processes and create reports;
• Communicating portfolio analysis results and strategic recommendations to clients and internal stakeholders through presentations and reports.