RMBS - Associate Director (NY)
: Job Details :

Overview

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, New York

Summary

KBRA (Kroll Bond Rating Agency) is seeking an Associate Director to join our Residential Mortgage-Backed Security (RMBS) team in the New York, NY office. The ideal candidate will have experience in RMBS 2.0 sectors such as Prime, Non-QM, and second-lien loans. Associate Directors on the RMBS team engage in all aspects of the rating process, including collateral and cash flow analysis and preparing reports for publication.

About the Team

Our RMBS team has issued ratings on securities from over 950 transactions spanning Prime, Non-QM, GSE CRT, Reverse Mortgage, 2nd Liens, RPLs and more. Our primary objective is to issue high quality credit ratings and maintain them in a timely manner. This involves asset credit risk analysis, liability structure scenario analysis, and publishing viewpoints based on analyses and research. We pride ourselves on quality, accuracy, timeliness, and consistency of our product.

About the Job

• Serve as lead analyst interacting with clients, structuring banks and investors on transactions.
• Conduct loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Prepare/facilitate the preparation of credit memos and present transactions to rating committees.
• Prepare presale and new issue reports.
• Support surveillance efforts for existing transactions.
• Attend and participate in seller/servicer due diligence, investor discussions, or industry events (which may require travel).
• Mentor and foster the development of junior analysts, as necessary.

Required Qualifications

• B.A./B.S. degree required; MBA or CFA are a plus.
• 5+ years of relevant Residential Real Estate, Rating Agency, or RMBS experience strongly preferred; candidates with compelling experience across ABS asset classes will be considered.
• Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of bond cash flows.
• Intermediate to advanced Excel skills (an Excel test may be administered).
• Proficiency with Intex cash flow modeling software.
• Excellent written and verbal communications skills (a writing sample may be requested).
• Ability to take initiative, work independently, and collaborate with partners in a team environment.
• Exceptional attention to detail.
• Familiarity with residential mortgage datasets/tools (e.g., CoreLogic, Fannie/Freddie Single Family Data, BlackKnight, eMBS) is a plus.
• Familiarity with Generative AI tools (e.g., ChatGPT) for research, data insights, and productivity is a plus.

Salary Range & Benefits

The anticipated annual base salary range for this full-time position is $120,000 - $160,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

• Hybrid work schedule (Tuesday, Wednesday, Thursday in the office)
• Competitive benefits and paid time off
• Paid family and disability leave
• 401(k) plan, including employer match (100% vested)
• Educational and professional development financial assistance
• Employee referral bonus program

About Us

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. KBRA Europe Limited is registered as a CRA with ESMA, and KBRA UK Limited is registered as a CRA with the UK FCA under the Temporary Registration Regime. KBRA is designated by the Ontario Securities Commission for asset-backed securities filings and recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

More Info

KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by law.

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