RMBS - Associate / Associate Director (NY/Chicago)

The role

The Associate Director will engage in all aspects of the rating process for Residential Mortgage-Backed Securities. This includes conducting collateral and cash flow analysis and preparing reports for publication.

What you will do

• 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.
• Attend and participate in seller/servicer due diligence, investor discussions, or industry events.
• Mentor and foster the development of junior analysts, as necessary.

Required qualifications

• B.A./B.S. degree
• Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of bond cash flows.
• 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.

Nice to have

• MBA or CFA
• 3+ years of relevant Residential Real Estate, Rating Agency, or RMBS experience
• Compelling experience across ABS asset classes
• Familiarity with residential mortgage datasets/tools (e.g. CoreLogic, Fannie/Freddie Single Family Data, BlackKnight, eMBS)
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity

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)
• Educational and professional development financial assistance
• Employee referral bonus program

Before you apply

• Excel test may be administered as part of the interview process
• Writing sample may be requested

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.