| Responsibilities will include supporting analysis of US RMBS, single-family rental transactions, servicer quality assessments and other securitizations of mortgage-related collateral. The initial focus in this job will be on data, quantitative and cashflow analysis. Significant part of job responsibility will include preparing material and work product to be used as part of OPS assessment and research process. Responsibilities will also include summarizing and preparing comparison reports for the information received as part of reviews of originators & servicers. |
In the future, the scope of responsibilities can grow to include reviewing legal documents, analyzing collateral pools, deal structures, cash flows and third party due diligence reports, using Moody's in-house models, Excel or other models and statistical packages to support a rating opinion or formulate an independent credit opinion towards a presentation to a rating committee.. The job provides opportunities to enhance existing analytical models and processes. The candidate is also expected to contribute to research and transaction reports and interact effectively with market participants.
This job description is issued as a guideline to assist you in your duties, it is not exhaustive. Because of the evolving nature and changing demands of our business this job description may be subject to change. You may, on occasion, be required to undertake additional or other duties within the context of this job description according to the needs of the business.
The successful candidate will join our Residential Mortgage Backed Securities (RMBS) team in New York City, which is responsible for rating RMBS and Canadian covered bond transactions.
Bachelor's Degree in Economics, Finance, Financial Engineering, Statistics or Mathematics. At least 2 years finance-related analytical experience, preferably involving residential mortgage origination and/or servicing and the mortgage lending industry is desirable. Candidates with Master's degree in Financial Engineering or quantitative finance with relevant experience to be considered at AA2. Strong academic record (both graduate and undergraduate). Solid Microsoft Excel skills including VBA mandatory. Ability to use Matlab or R, Microsoft Visual Studio with C/C++ code, Microsoft Access or SQL is a positive. Knowledge of, and practical experience in, financial/bond markets and cash flow modelling is preferred. Strong oral and written communication capabilities, ability to manage multiple projects, work closely with others as well as independently to produce accurate, detailed work in a dynamic, fast-paced environment is a must.
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $3.5 billion in 2015, employs approximately 10,400 people worldwide and maintains a presence in 36 countries. Further information is available at www.moodys.com.
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MIS and MSS Candidates are asked to disclose securities holdings pursuant to Moody's Policy for Securities Trading. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary.