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    Senior Analyst Structured Finance, Agency and Non-Agency MBS - Boston, MA, United States - Loomis Sayles

    Loomis Sayles
    Loomis Sayles Boston, MA, United States

    3 weeks ago

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    Description
    Senior Analyst Structured Finance, Agency and Non-Agency MBS

    Loomis Sayles is a performance-driven active asset management company that seeks to identify exceptional investment opportunities on behalf of institutional and retail clients worldwide.

    We believe active management fueled by proprietary, best-in-class research helps us achieve financial success for our clients.

    Founded in 1926, Loomis Sayles currently oversees approximately $310 billion in assets under management for global clients spanning more than 50 countries.

    We foster a culture of entrepreneurialism, where all employees are empowered and encouraged to develop themselves and their ideas. Loomis Sayles is committed to the continual improvement of our performance, processes and people. The Mortgage and Structured Finance (MSF) team has an opportunity for a senior analyst to join its 20-person team. This position will report to the Head of Mortgage and Structured Finance.

    The analyst will primarily focus on a broad range of research activities in the Agency and Non-Agency Mortgage-Backed Securities markets under the direction of the Head of MSF and the sector portfolio managers.

    The analyst will also contribute to the overall development of the proprietary data management infrastructure that supports the investment activities of the entire MSF team .

    The analyst will have full responsibility for developing investment approach and will be responsible for generating ideas independently and implementing them.

    The team is responsible for the firm's research and investment activities across the global securitized universe, overseeing a portfolio of $36.5 bn in assets as of December 31st, 2023.

    The team has a 10+ year track record generating strong risk-adjusted returns across four dedicated strategies spanning from pure agency MBS to deep credit structured finance.

    Lead research coverage of the Agency MBS portfolio, which consists of $17bn across MBS pass-thrus, agency CMBS, mortgage CMOs and derivatives.

    Coordinate and implement an investment-driven research agenda with the four-person team of agency MBS portfolio managers and traders.
    Leading role in further developing a loan level proprietary database covering the full MBS & RMBS markets.
    Oversee the prepayments of the Agency MBS portfolio by monitoring actual versus expected prepayments and recommending and implementing model adjustments
    5bn Non-Agency RMBS portfolio, generate investment ideas and monitor the performance of the investment results.
    Perform broad surveillance, commentary, and outlook for the performance of the U.Housing market. Maintain updated view on the regulatory landscape that governs U.Housing finance.
    Perform independent credit analysis of transactions in the new issue and secondary markets. Deliver depth of credit analysis appropriate to invest across all parts of the capital structure. This requires extensive due diligence of sponsors, originators, servicers, and data providers.
    Perform cash flow and structural analysis, validating accuracy of third-party models. Independently apply and help refine internal credit rating methodology for each asset class.
    Set up surveillance models and monitor deal performance vs. expectations.

    Ensure each step of the investment process for both asset classes is followed and properly communicated: credit monitoring, updating forward looking excess return expectation, monitoring of analytics.

    Develop and maintain presentations and reports for internal meetings, client interactions and the portfolio management of securitized credit products.

    Contribute as an active member of the team to help identify relative value opportunities across the securitized markets and implement the best trade ideas across all clients' portfolios.

    BS degree in related field with exceptional academic achievement required
    Graduate degree focused in Finance/Economics or CFA designation strongly preferred
    10 plus years of financial services experience
    7+ years of experience in the investment management arena with direct responsibilities in securitized assets.

    Investment experience in Agency MBS and Non-Agency RMBS markets with a demonstrated history of investing across the capital structure in a variety of collateral types and structures.

    Deep knowledge of RMBS structures, both cash flows and legal. Proficient in Intex and proven ability to independently create cash flow models for complex RMBS transactions. Technical proficiency in Python, SQL, and Intex API is preferred.

    Strong understanding of optionality inherent in mortgage assets and ability to consistently evaluate relative value across various structures and collateral types.

    EEOC and Diversity S tatement

    Loomis Sayles is deeply committed to building a diverse and inclusive workforce in which talented individuals can realize their full potential and contribute to our growth and success.

    Please consider applying for this role even if your work history and skillset doesn't completely match the job description.

    We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, creed, color, gender , age, national origin, religion, sexual orientation, gender identity, status as a vete ran, and basis of disability or any other federal, state or local protected class.

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