Structured Finance - Residential Mortgage-Backed Securities, Associate Director - New York

About the Team

The U.S. RMBS group is seeking an Associate Director to help lead transaction coverage and contribute to criteria, research, and market engagement.

Responsibilities

• Lead primary and surveillance analysis of RMBS transactions, including collateral, structural, legal, and counterparty assessments
• Own cash flow modeling, scenario design, and sensitivity analysis; oversee model deployment and results interpretation
• Present recommendations at rating committees; chair committees as needed and document decisions to a high standard
• Drive criteria application and contribute to criteria development and methodological enhancements
• Produce high-quality research, market commentary, and issuer/investor communications
• Manage and deepen assigned issuer and transaction relationships; represent Fitch in external meetings and conferences
• Coach and review the work of junior and senior analysts to ensure analytical rigor and consistency
• Monitor market developments, performance trends, and regulatory changes; translate insights into analytical viewpoints

Requirements

• 5–8 years of relevant experience in RMBS/ABS, mortgage credit, structured finance, or closely related capital markets roles
• Bachelor’s degree; advanced degree and/or CFA/FRM is a plus
• Strong analytical and quantitative skills, including proficiency with cash flow modeling and large datasets
• Excellent written and verbal communication skills and comfort engaging senior external stakeholders
• Ability to thrive in a collaborative, fast-paced environment and manage multiple transactions and deadlines

Preferred Qualifications

• Direct lead experience on RMBS new-issue and surveillance mandates, including presenting or chairing rating committees
• Deep knowledge of U.S. mortgage products, origination/servicing practices, due diligence, and performance drivers
• Hands-on experience with RMBS cash flow engines, loan-level analytics, and scenario/sensitivity frameworks
• Demonstrated contributions to criteria, methodology consultations, or thought-leadership publications
• Established relationships with RMBS issuers, arrangers, servicers, and investors
• Experience mentoring and reviewing the work of junior analysts; strong quality control and documentation discipline

Benefits

• Hybrid work environment: 3 days a week in office required based on your line of business and location
• Culture of learning and mobility: dedicated trainings, leadership development, and mentorship programs
• Retirement planning and tuition reimbursement programs
• Comprehensive healthcare offerings for physical, mental, financial, social, and occupational wellbeing
• Supportive parenting policies, including a generous global parental leave plan
• Inclusive work environment with Employee Resource Groups
• Paid volunteer days, matched funding for donations, and community volunteer opportunities

Pay

Expected base pay for the role is between $110,000 and $135,000 per year in New York and Chicago. Actual salaries will be determined based on factors including education, training, experience, past performance, and other job-related considerations. Base pay is one component of Fitch’s total compensation package, which may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits.