RMBS - Director (NY)

About the role

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 and create and/or maintain analytical tools to enhance RMBS team capabilities.

Contribute to the development of rating methodologies as needed.

Responsibilities

• 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 and create and/or maintain analytical tools to enhance RMBS team capabilities.
• Contribute to the development of rating methodologies as needed.

Requirements

• B.A./B.S. degree required; MBA or CFA are a plus.
• 10+ years of relevant Residential Real Estate, Rating Agency, or RMBS experience strongly preferred. Will consider candidates 10+ years of 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.
• Experience with esoteric RMBS sectors (e.g. Reverse Mortgage, MSR, HEI contracts, Ginnie Mae EBO, and/or RTL) strongly preferred.
• Programming skills (e.g. VBA, Python, R and/or SQL) are a plus.
• 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.

Qualifications

• B.A./B.S. degree required; MBA or CFA are a plus.
• 10+ years of relevant Residential Real Estate, Rating Agency, or RMBS experience strongly preferred. Will consider candidates 10+ years of 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.
• Experience with esoteric RMBS sectors (e.g. Reverse Mortgage, MSR, HEI contracts, Ginnie Mae EBO, and/or RTL) strongly preferred.
• Programming skills (e.g. VBA, Python, R and/or SQL) are a plus.
• 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.

Skills

• Intermediate to advanced Excel skills.
• Proficiency with Intex cash flow modeling software.
• Excellent written and verbal communications skills.
• Ability to take initiative, work independently, and work closely with partners in a collaborative environment.
• Exceptional attention to detail.
• Experience with esoteric RMBS sectors (e.g. Reverse Mortgage, MSR, HEI contracts, Ginnie Mae EBO, and/or RTL).
• Programming skills (e.g. VBA, Python, R and/or SQL).
• Familiarity with residential mortgage datasets/tools (e.g., CoreLogic, Fannie/Freddie Single Family Data, BlackKnight, eMBS).
• Familiarity with Generative AI tools such as ChatGPT.

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)
• Employee referral bonus program

Pay

The anticipated annual base salary range for this full-time position is $165,000 - $200,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

Schedule

A hybrid work schedule (Tuesday, Wednesday, Thursday in the office)

Company Information

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Additional Information

KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by federal, state or local law.