Research Analyst

Job Overview

We are looking for a sharp, curious analyst to work directly with portfolio managers and help drive the investment process. This is a hands-on, high-visibility role with the opportunity to grow and take on more responsibility while deepening expertise across multiple sectors in securitized products.

Job Responsibilities

• Daily Portfolio & Risk
• Run daily analytics and stress scenarios (rate, spread, and other risk factors), flagging anything requiring PM attention.
• Maintain portfolio positioning, carry, trade activity, and composition; coordinate with risk and operations as needed.
• New Issue & Market Coverage
• Track the new-issue calendar, maintain pipeline trackers, and coordinate with legal on NDAs and conflict checks.
• Follow sell-side research and sector calls to stay current across all covered markets.
• Research & Surveillance
• Monitor portfolio holdings for default trends, prepayment behavior, and collateral performance.
• Contribute to ad hoc research projects and, over time, develop sector views deep enough to generate investment ideas.
• Automation & Process
• Identify manual or repetitive workflows and build faster, automated solutions — with an emphasis on AI tools.

What We Value

• Background in structured products, ideally with 2-4 years direct experience in Agency or Non-Agency MBS, and the ability to pick up and support other sectors (CLO, CMBS) over time
• Solid grasp of fixed income risk concepts — including DV01, convexity, volatility, and spread risk — and how they apply across securitized sectors.
• Working knowledge of core industry tools: Intex, Yield Book, and Bloomberg.
• Demonstrated use of AI tools to improve efficiency and automate parts of the workflow.
• Strong attention to detail and a disciplined approach to managing multiple workstreams alongside recurring daily deliverables.

Preferred / A Plus

• Demonstrated ability to develop a deep understanding of a sector and translate it into actionable investment ideas.
• Programming experience in Python (or comparable tools) for analysis, automation, and tooling.
• Exposure to more than one securitized products sector.

Pay

In all respects, candidates need to reflect the following SFM core values:

• Smart risk-taking
• Owner’s Mindset
• Teamwork
• Humility
• Integrity

  We anticipate the base salary of this role to be between $150,000-$175,000. In addition to a base salary, the successful candidate will also be eligible to receive a discretionary year-end bonus.