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

About the role

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

• 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

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

• You have 5–8 years of relevant experience in RMBS/ABS, mortgage credit, structured finance, or closely related capital markets roles
• You hold at least a bachelor’s degree; advanced degree and/or CFA/FRM is a plus
• You possess strong analytical and quantitative skills, including proficiency with cash flow modeling and large datasets
• You have excellent written and verbal communication skills and are comfortable engaging senior external stakeholders
• You thrive in a collaborative, fast-paced environment and can manage multiple transactions and deadlines

Qualifications

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

Skills

• Strong analytical and quantitative skills, including proficiency with cash flow modeling and large datasets
• Excellent written and verbal communication skills and ability to engage senior external stakeholders
• Experience managing and mentoring junior analysts
• Ability to monitor market developments, performance trends, and regulatory changes

Benefits

• Hybrid work environment: 3 days a week in office required based on your line of business and location
• Dedicated trainings, leadership development, and mentorship programs
• Retirement planning and tuition reimbursement programs
• Comprehensive healthcare offerings
• Family-friendly policies, including a generous global parental leave plan
• Employee Resource Groups that unite and empower our colleagues
• Paid volunteer days and matched funding for donations

Pay

• Expected base pay rates for the role are between $110,000 and $135,000 per year

Schedule

• Hybrid work environment: 3 days a week in office required based on your line of business and location