This bank is seeking to fill a Credit and Securitized Products specialist position in its Independent Valuations Group (IPV).
As an integral part of the IPV team, the specialist will work to independently verify desk prices for an extensive array of securities such as agency CMBS products and/or specified pools, other securitized products such as RMBS and ABS, and Whole Loans, and credit derivatives, primarily covering the US markets.
Primary responsibilities include month-end testing, reviewing new deals, improving existing methodologies while researching and implementing new ones, ad hoc pricing projects, and liaising with senior management, trading, risk, product control, model validation, and other groups. Additional duties involve preparing a monthly summary report for senior management and conducting monthly valuation meetings where this information is presented.
Key objectives critical to success:
The candidate should be self-motivated and possess an “ownership” mentality.
The specialist will have a visible role within the Finance group, and will also interact frequently with a broad range of groups. The candidate should have the ability to work under pressure during month-end close.
Skills, experience, qualifications and knowledge required
The candidate should have in-depth knowledge of Securitized products and credit markets and a strong understanding of pricing methodologies for the above products. The candidate should be capable of delving into sophisticated structures or pricing models from time to time; he or she should also be able to explain complex issues to senior management in plain language. Quantitative and intuitive thinking, analytical skills, and effective communication are vital to this role.
An MS in a quantitative field is preferred, including but not limited to Physics, Financial Engineering, Math and Economics.
5-10 years of direct experience with securitized and credit products is required.
Proficiency in computer programming is desirable.