Trader

Responsibilities

• Assume a leading role in analyzing and executing structured credit investments, with a focus primarily on the RMBS cusip markets, and secondarily on the ABS cusip markets.
• Investments can span the full capital structure. Examples include: RMBS: CRT, Non-QM, RPL/NPL, HELOCs, others ABS: consumer, auto, student loans, others
• Participate in all stages of the investment and decision-making process, including idea generation, underwriting, modeling, execution, and asset management.
• Interface directly with counterparties.
• Idea generation: monitoring capital markets conditions, such as credit spreads, daily BWICs, offer sheets, out of comp opportunities and forward new issuance calendars
• Underwriting: performing cash flow analysis and reviewing capital structures of prospective investment opportunities, building and maintaining detailed cash flow models in Intex and Excel
• Asset Management: regularly reviewing actual performance vs. underwritten assumptions, reporting portfolio composition and performance, staying current with relevant regulatory developments, and preparing materials for current and prospective investors

Qualifications

• BA or BS degree with strong GPA
• 7+ years experience in the structured credit capital markets, with experience in a risk-taking role
• Bloomberg, Intex, and Excel proficiency a must. SQL and VBA experience a plus
• Strong quantitative, cash flow modeling, and analytical skills
• Excellent written, verbal, and interpersonal communication and presentation skills
• Ability to monitor multiple markets at the same time
• Outstanding work ethic, ability and desire to work in a dynamic and demanding environment
• Highly motivated self-starter who is coachable

Pay

The average salary for this role is $200,000 - $250,000 base pay and exclusive of any bonuses or benefits. The base pay offered will be determined based on your experience, location, skills, training, certifications and education, and in addition we will also consider internal equity and market data.