RMBS - Associate / Associate Director (NY)
KBRA is seeking an Associate or Associate Director to join our Residential Mortgage-Backed Security (RMBS) team in New York, NY. This role involves engaging in all aspects of the rating process, including conducting collateral and cash flow analysis and preparing reports for publication. The ideal candidate will have experience in RMBS 2.0 sectors such as Prime, Non-QM, and second-lien loans.
Key responsibilities include serving as the lead analyst interacting with clients, structuring banks, and investors on transactions. The role involves conducting loan pool analysis, modeling and analyzing bond structures, and reviewing legal structures and documentation. Additionally, the candidate will prepare credit memos, present transactions to rating committees, and support surveillance efforts for existing transactions. Participation in seller/servicer due diligence, investor discussions, and industry events is also expected.
The successful candidate will possess a B.A./B.S. degree, with an MBA or CFA being a plus. A minimum of 3 years of relevant experience in Residential Real Estate, Rating Agency, or RMBS is strongly preferred, though candidates with compelling experience across ABS asset classes will be considered. Strong analytical skills related to transaction evaluation, including loan credit risk assessment and analysis of bond cash flows, are essential. Proficiency in Excel and Intex cash flow modeling software, along with excellent written and verbal communication skills, is required.
The anticipated annual base salary range for this full-time position is $100,000 to $150,000, determined by factors such as experience, skills, geography, and other job-related factors. Benefits include a hybrid work schedule (Tuesday, Wednesday, Thursday in the office), competitive benefits and paid time off, paid family and disability leave, a 401(k) plan with employer match (100% vested), educational and professional development financial assistance, and an employee referral bonus program.
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Our RMBS team has issued ratings on securities from over 950 transactions across various sectors. We pride ourselves on the quality, accuracy, timeliness, and consistency of our products. Joining our team offers the opportunity to work in a collaborative environment with growth opportunities in the structured finance industry.