AVP-Analyst - RMBS Team (Legal Background) at Moody's in New York, NY

Location(s):

7 World Trade Center, 250 Greenwich Street, New York, New York, 10007, US

Line Of Business: Structured Finance Group(SFG)

Job Category:

Credit Analysis & Research

Experience Level: Experienced Hire

At Moody's, we unite the brightest minds to turn today's risks into tomorrow's opportunities. We do this by striving to create an inclusive environment where everyone feels welcome to be who they are-with the freedom to exchange ideas, think innovatively, and listen to each other and customers in meaningful ways.

If you are excited about this opportunity but do not meet every single requirement, please apply! You still may be a great fit for this role or other open roles. We are seeking candidates who model our values: invest in every relationship, lead with curiosity, champion diverse perspectives, turn inputs into actions, and uphold trust through integrity.

Description

Moody's U.S. RMBS New Ratings Team in the structured finance department is responsible for assigning ratings on a wide variety of securitizations backed by residential mortgages and other similar products. The team also produces timely and high-quality research on developing trends and events in the mortgage market through sector and issuer comments and in-depth research reports and also participates in industry conferences and investor/issuer meetings.

Role

We are seeking an RMBS credit analyst who can be developed to lead the ratings analysis for new U.S. RMBS securitizations. The ideal candidate will have a legal background in structured finance, enabling them to review contracts, perform legal risk analysis, and collaborate with other lead analysts in assessing complex legal issues and their impact on credit.

In leading new transactions, the individual will be responsible for analyzing the portfolio, structural, legal, and other credit aspects and producing publishable research. The candidate will be expected to lead rating committees and offer their analysis of the legal and credit risk of the transactions, potential credit impact of the terms of the transaction documents and conduct appropriate market dialogue around transaction credit analysis. The individual is also expected to undertake special projects intended to enhance Moody's thought leadership in credit markets and operational efficiencies.

Responsibilities

Act as lead analyst for new U.S. RMBS transactions. Analyze transaction credit risks, model cash flows and transaction/legal documents to formulate rating recommendations and opinions.
Assist with analyzing complex legal issues and dimensioning their credit impact.
Develop other lead analysts' capabilities in analyzing legal risks.
Communicate effectively with customers, including arrangers, issuers, investors, and outside legal experts.
Represent the team in operational reviews, issuer and investor meetings, and industry events.
Write publishable research, including transaction-related reports, articles and in-depth reports on credit and legal issues affecting the industry.
Assist the RMBS surveillance team where appropriate.
Act as a mentor to less experienced analysts in the team and RRS.

Qualifications

Law degree or master's degree in economics, statistics, applied mathematics, financial engineering or related quantitative field. Or bachelor's degree in economics, statistics, applied mathematics, financial engineering or related quantitative field.
Legal experience in the securitizations field preferred.
Excellent verbal and written communication and presentation skills.
Solid modelling skills and ability to perform cash flow analysis using analytical tools, or willingness and ability to develop these skills.
Sound judgment and highest ethical standards.
Capable of developing independent opinions and defending own views clearly and succinctly.
Professional, pro-active, collaborative, responsive.
Highly organized and efficient, with ability to multi-task and meet tight deadlines.
Strong teamwork skills and works well with colleagues with different viewpoints.
Ability to work on own initiative, without the need for close supervision.

Preferred Qualifications

Knowledge of and work experience in RMBS is desirable.
Master's degree or law degree is highly desirable.
Strongly prefer knowledge of and working experience with various legal documents for securitizations, including legal counsel experience

Other considerations

Open to reviewing candidates with different qualifications and/or less years of experience with relevant skills for the role

For US-based roles only: the anticipated hiring base salary range for this position is$163,300.00-$236,800.00, depending on factors such as experience, education, level, skills, and location. This range is based on a full-time position. In addition to base salary, this role is eligible for incentive compensation. Moody's also offers a competitive benefits package, including not but limited to medical, dental, vision, parental leave, paid time off, a 401(k) plan with employee and company contribution opportunities, life, disability, and accident insurance, a discounted employee stock purchase plan, and tuition reimbursement.

Moody's is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, gender, age, religion or creed, national origin, ancestry, citizenship, marital or familial status,sexual orientation, gender identity, gender expression, genetic information, physical or mental disability, military or veteran status, or any other characteristic protected by law. Moody's also provides reasonable accommodation to qualified individuals with disabilities or based on a sincerely held religious belief in accordance with applicable laws. If you need to inquire about a reasonable accommodation, or need assistance with completing the application process, please email accommodations@moodys.com. This contact information is for accommodation requests only, and cannot be used to inquire about the status of applications.

For San Francisco positions, qualified applicants with criminal histories will be considered for employment consistent with the requirements of the San Francisco Fair Chance Ordinance.

This position may be considered a promotional opportunity, pursuant to the Colorado Equal Pay for Equal Work Act.

Click here to view our full EEO policy statement. Click here for more information on your EEO rights under the law. Click here to view our Pay Transparency Nondiscrimination statement.Click here to view our Notice to New York City Applicants.
Candidates for Moody's Corporation may be asked to disclose securities holdings pursuant to Moody's Policy for Securities Trading and the requirements of the position. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary.

For more information on the Securities Trading Program, please refer to the STP Quick Reference guide on ComplianceNet

Please note: STP categories are assigned by the hiring teams and are subject to change over the course of an employee's tenure with Moody's.

Moody’s Corporation is a Government contractor subject to the Vietnam Era Veterans’ Readjustment Assistance Act of 1974, as amended by the Jobs for Veterans Act of 2002, 38 U.S.C. 4212 (VEVRAA), which requires Government contractors to take affirmative action to employ and advance in employment: (1) disabled veterans; (2) recently separated veterans; (3) active duty wartime or campaign badge veterans; and (4) Armed Forces service medal veterans.

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Please contact Donna Hutchinson, Assistant Vice President, Talent Attraction for any questions regarding this listing.