Support the overall management and surveillance of the CIO Fixed Income Team’s structured product exposures across agency-MBS, ABS, and CMBS sectors.
Work with senior analysts and portfolio managers to implement a research-focused process to help drive team investment discussions on issue selection and sector positioning, incorporating key data and thorough relative value analysis across the securitized space.
Generate high-conviction investment recommendations and communicate ideas to investment teams via presentations and internal meetings on a regular basis – ensure that team’s top ideas are reflected in portfolio positioning to drive positive excess returns versus benchmarks.
Assist in the securitized trading process by identifying individual CUSIPs from broker inventories and coordinating with internal traders and external counterparties.
Monitor existing portfolio positions on a real-time basis, updating team on any significant change in investment viewpoints or market moves.
Perform in-depth research and analysis on the U.S. housing and securitized markets.
Provide input and help drive improvements and enhancements to the team’s data and reports for structured products.
Maintain key industry relationships and leverage stakeholders/partners both internally and externally (i.e., sell side analysts, rating agencies, etc.).
Attend industry conferences – report key findings back to investment team.
Collaborate with teams across the CIO and Investment Solutions Group (ISG) and regularly contribute to CIO team thought leadership content.
Required Qualifications
3-5 years of relevant Fixed Income experience in structured products research/trading, preferably as a research associate or junior analyst working under a senior analyst.
Fundamental knowledge of the securitized space and an understanding of key trends, sector valuations, drivers, etc.
Bachelor’s degree required.
Analytical mindset and strong financial modeling skills – ability to quickly synthesize market data and provide thoughtful insights on complicated topics/trends.
Self-starter with an ability to manage time effectively and independently with a proactive approach to managing multiple workflows.
Team-oriented mindset, ready to contribute ideas to enhance the investment process.
Very strong written and verbal communications skills.