RMBS - Associate (London)

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<p><strong>Position Title:</strong><strong> RMBS - Associate (London)</strong></p>
<p><strong>Entity:</strong><strong> Kroll Bond Rating Agency Europe Limited</strong></p>
<p><strong>Employment Type:</strong><strong> Full-time</strong></p>
<p><strong>Location:</strong><strong> London</strong></p>
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<p><strong><u>Summary/Overview</u></strong><strong>:</strong></p>
<p><strong>KBRA</strong> is seeking an <strong>Associate </strong>to join our <strong>Residential Mortgage-Backed Securities (RMBS) </strong>team in the <strong>London </strong>office</p>
<p><strong><u>About the Team:</u></strong></p>
<p>Our <strong>RMBS</strong> team rates transactions spanning across <strong>prime</strong>, <strong>nonconforming</strong>, <strong>buy to let</strong>, <strong>re-performing, </strong>and <strong>non-performing </strong>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.</p>
<p><strong><u>About the Job</u></strong><strong>:</strong></p>
<ul>
<li>Lead ratings analyst for RMBS, which includes project managing the ratings process from beginning to end.</li>
<li>Quantitative modelling of issuance structures and features and perform cash flows analysis using various applications or Intex.</li>
<li>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.</li>
<li>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.</li>
<li>Represent KBRA in operational risk reviews and/or conferences.</li>
<li>Surveillance of rated transactions in RMBS and other asset classes.</li>
<li>Apply and help develop KBRA structured finance methodologies to credit assess mortgage portfolios or other asset types.</li>
<li>You will be supported by senior members of the team to enable on-the-job deliverables and learning & development.</li>
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<p><strong><span style="text-decoration: underline;">The successful candidate will have</span>:</strong></p>
<ul>
<li>Bachelor’s degree required and advanced degree is a plus.</li>
<li>Three (3) or more years of relevant experience in RMBS or the rating process for similar asset types preferred.</li>
<li>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.</li>
<li>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.</li>
<li>The ability to provide analysis to senior staff in relation to financial structures, collateral analysis and underlying businesses.</li>
<li>The ability to analyse, summarise and present complex issues concisely at committees and in reports.</li>
<li>Excellent communication skills (written & verbal) are essential.</li>
<li>The ability to work in a fast-paced environment and when necessary be able to work independently against deadlines. Good time management essential.</li>
<li>Be willing and able to travel freely between the EU and UK.</li>
<li>Working proficiency in Spanish (or another European language) is highly advantageous.</li>
<li> Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.</li>
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<p><strong><u>Benefits</u></strong></p>
<ul>
<li>A flexible hybrid work schedule – Tuesdays, Wednesdays, Thursdays in the office</li>
<li>Competitive benefits and paid time off</li>
<li>Paid family and disability leave</li>
<li>Pension plan</li>
<li>Educational and professional development financial assistance</li>
<li>Employee referral bonus program</li>
</ul>
<p><strong><u>About Us</u></strong></p>
<p>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.</p>
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<p>#LI-DG1</p>
<p>#LI-HYBRID</p>
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