RMBS - Associate Director

New York, New York, United States

Position Title: Associate Director

Department: RMBS

Employment Type: Full-time

Location: New York, NY

Summary/Overview:

KBRA (Kroll Bond Rating Agency) is seeking an Associate Director to join our growing Residential Mortgage-Backed Security (RMBS) team in the New York, NY office. The ideal candidate will have experience in RMBS 2.0 sectors such as Prime, Non-QM, GSE CRT, and second-lien loans. An Associate Director within the RMBS group holds an integral role on the team and engages in all aspects of the rating process, which includes managing transaction timelines, conducting collateral and cash flow analysis, and preparing analytical reports for publication.

Job Responsibilities:

  • Serve as back-up or lead analyst interacting with clients, structuring banks and investors on transactions.
  • Prepare/facilitate the preparation of credit memoranda and presentation of transactions to rating committees.
  • Perform transaction analysis including loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
  • Prepare presale and new issue reports.
  • Work with the surveillance team in monitoring and updating ratings on existing transactions. Create and/or maintain analytical tools or features of tools to add or enhance the function of the RMBS team.

Successful candidates will possess the following:

  • B.A./B.S. degree; MBA or CFA are a plus.
  • Minimum of six (6) to eight (8) years of relevant Residential Real Estate, Rating Agency, or RMBS experience required.
  • Intermediate to Advanced Excel skills (excel test may be administered as part of the interview process).
  • Strong oral and written communications skills (writing sample on request).
  • Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of bond cash flows.
  • VBA, Python, R and SQL skills are a plus.
  • Familiarity with residential mortgage datasets and tools such as CoreLogic, Fannie/Freddie Single Family Data, BlackKnight, eMBS, Intex etc., is a plus.
  • Proficiency with Intex is a plus.
  • Exceptional attention to detail.
  • Ability to take initiative, work independently, and work closely with partners in a collaborative environment. 

About the Team:

Our RMBS team has issued ratings on securities from over 700 transactions spanning across Prime, Non-QM, GSE CRT, Reverse Mortgage, 2nd Liens, RPLs and more. Our primary objective is to issue high quality credit ratings and maintain them in a timely manner. This objective involves conducting asset credit risk analysis; liability structure scenario analysis; and publishing our viewpoints based on these analyses and our research. We pride ourselves on the quality, accuracy, timeliness, and consistency of our product.

Salary Range:

The anticipated annual base salary range for this full-time position is $130,000 to $170,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

Benefits:

  • A hybrid work schedule and flex hours
  • 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
  • Company-provided iPhone, upon which ALL non-laptop/desktop work-related communications MUST be conducted

More Info:

KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by federal, state or local law.

 

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