RMBS – Associate/Associate Director/Director (London)

The role

The Associate/Associate Director/Director will join the Residential Mortgage-Backed Securities team in London. This person will assign credit ratings and perform collateral analysis, pool-level cash flow and structure analysis, and publish research and viewpoints.

What you will do

• Lead ratings analyst for RMBS and project manage the ratings process from beginning to end.
• Quantitative modelling of issuance structures and features and perform cash flows analysis using various applications or Intex.
• Prepare credit committee memos around analysis and recommendations.
• Write presale, new issuance and surveillance reports.
• Write commentaries and/or research reports on the RMBS sector across European jurisdictions.
• Manage expectations of internal stakeholders and external counterparties.
• Communicate with market participants to express KBRA's credit views and opinions.
• Represent KBRA in operational risk reviews and/or conferences.
• Surveillance of rated transactions in RMBS and other asset classes.
• Apply and help develop KBRA structured finance methodologies to credit assess mortgage portfolios or other asset types.

Required qualifications

• Bachelor's degree required
• Good understanding of credit risk concepts, mortgage products and market dynamics on at least one European jurisdiction and/or the UK
• Reasonably developed quantitative skills
• Have client-facing experience
• Must be comfortable using Microsoft Excel, including VBA (Visual Basic for Application)
• Must be able to easily manipulate and format large data sets
• The ability to provide analysis to senior staff in relation to financial structures, collateral analysis and underlying businesses
• The ability to analyse, summarise and present complex issues concisely at committees and in reports
• Excellent communication skills (written & verbal)
• The ability to work in a fast-paced environment and when necessary be able to work independently against deadlines
• Good time management essential
• Be willing and able to travel freely between the EU and UK

Nice to have

• advanced degree is a plus
• Three (3) or more years of relevant experience in RMBS or the rating process for similar asset types preferred
• Working proficiency in a European language is highly advantageous
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus

Benefits

• A flexible hybrid work schedule – Tuesdays, Wednesdays, Thursdays in the office
• Competitive benefits and paid time off
• Paid family and disability leave
• Pension plan
• Educational and professional development financial assistance
• Employee referral bonus program

About the company

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.