MBS Analyst

Santa Monica, California
Open / Negotiable
Sep 07, 2017
Oct 07, 2017
Employment Type
Full Time

About the Position

The MBS Analyst will assist in the sourcing and evaluation of non-Agency RMBS, including legacy RMBS, ABS CDOs, 2.0 RMBS, CRT, Re-securitizations, and NPL/RPL in new issue and secondary markets. The RMBS Analyst is responsible for monitoring portfolio pricing, maintaining cash flow projections, and generating and aggregating investment documentation.

Specific Responsibilities Include

  • Conduct authoritative review of deal collateral and structure for presentation to senior team members and credit committee.
  • Maintain up-to-date views on the health of residential real estate, borrower credit trends, and developments in mortgage finance.
  • Assist in development of research notes, credit memos and ad-hoc reporting
  • Develop, maintain, and manage RMBS credit risk surveillance reports for presentation to desk management and portfolio managers
  • Develop expertise with existing underwriting tools and models. Support the scoping and project management of technology initiatives
  • Monitor market liquidity, trading developments, and dealer axes for communication to desk management, PMs, and client service professionals
  • Maintain awareness of current and emerging internal credit views, credit approval status, analytical modeling considerations, and up-to-date deal information to support accurate trading practices
  • Interact with portfolio managers to provide pricing, liquidity and trade timing feedback for trades under evaluation.
  • Provide mentorship and guidance to junior team members in the areas of bond market functions, fixed income fundamentals, and RMBS analysis and trading. Maintain a high level of professional conduct and adherence to firm and desk policies as a model for junior team members.
  • Ensure accurate trade entry and analytics reporting on trade tickets
  • Provide updated cash flows and security information as needed to relevant GPIM groups
  • Oversee complex trade settlement situations
  • Conduct review of daily and monthly pricing for RMBS securities. Providing documentation and commentary as needed.
  • Provide support for pricing and trade compliance inquiries

    Skills & Experience Required

  • 3-5 years in research, analysis, and trading of MBS with a significant concentration in Credit RMBS
  • MBA and CFA or equivalent educational background.
  • Experience with industry standard tools including Intex, YieldBook, BRS Anser
  • Strong credit, finance, economic, business and technical skills.
  • Strong written and verbal communication skills
  • Knowledge of the development, uses, and limitations of RMBS credit models
  • Ability to multi task across analytical, administrative, and research activities in a detail oriented and timely manner.
  • Strong commitment to performance and accuracy of work product.
  • Team oriented individual with ability to work well with diverse groups.


About Guggenheim Investments

Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with expertise in fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our team of investment professionals performs rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.