RMBS - Associate (London)

Position Title: RMBS - Associate (London)

Entity: Kroll Bond Rating Agency Europe Limited

Employment Type: Full-time

Location: London

Summary/Overview:

KBRA is seeking an Associate to join our Residential Mortgage-Backed Securities (RMBS) team in the London office

About the Team:

Our RMBS team rates transactions spanning across prime, nonconforming, buy to let, re-performing, and non-performing asset classes, among others.  Our primary objective is to assign credit ratings and perform high quality work in a timely manner, which involves conducting collateral analysis, pool-level cash flow and structure analysis; and publishing our viewpoints based on our research and analysis. We pride ourselves on the quality, accuracy, timeliness and consistency of our product.

About the Job:

• Lead ratings analyst for RMBS, which includes project managing the ratings process from beginning to end.
• Quantitative modelling of issuance structures and features and perform cash flows analysis using various applications or Intex.
• Prepare credit committee memos around analysis and recommendations. Write presale, new issuance and surveillance reports. Write commentaries and/or research reports on the RMBS sector across European jurisdictions.
• Manage expectations of internal stakeholders and external counterparties integral to KBRA ratings’ process and timelines. Communicate with market participants to express KBRA’s credit views and opinions effectively.
• Represent KBRA in operational risk reviews and/or conferences.
• Surveillance of rated transactions in RMBS and other asset classes.
• Apply and help develop KBRA structured finance methodologies to credit assess mortgage portfolios or other asset types.
• You will be supported by senior members of the team to enable on-the-job deliverables and learning & development.

The successful candidate will have:

• Bachelor’s degree required and advanced degree is a plus.
• Three (3) or more years of relevant experience in RMBS or the rating process for similar asset types preferred.
• Good understanding of credit risk concepts, mortgage products and market dynamics on at least one European jurisdiction and/or the UK and reasonably developed quantitative skills.
• Must be comfortable using Microsoft Excel, including VBA (Visual Basic for Application), as well as other platforms. You must be able to easily manipulate and format large data sets.
• The ability to provide analysis to senior staff in relation to financial structures, collateral analysis and underlying businesses.
• The ability to analyse, summarise and present complex issues concisely at committees and in reports.
• Excellent communication skills (written & verbal) are essential.
• The ability to work in a fast-paced environment and when necessary be able to work independently against deadlines. Good time management essential.
• Be willing and able to travel freely between the EU and UK.
• Working proficiency in Spanish (or another European language) is highly advantageous.
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

Benefits

• A flexible hybrid work schedule – Tuesdays, Wednesdays, Thursdays in the office
• Competitive benefits and paid time off
• Paid family and disability leave
• Pension plan
• Educational and professional development financial assistance
• Employee referral bonus program

About Us

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Kroll Bond Rating Agency Europe is located at One George's Quay Plaza, Dublin 2, Ireland.

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