ASSOCIATE PORTFOLIO MANAGER – SECURITIZED CREDIT

Employer
Amundi US
Location
Boston, Massachusetts (US)
Salary
paid position
Posted
08 Sep 2021
Closes
08 Oct 2021
Job Function
Credit Analysis
Industry Sector
Asset Management
Employment Type
Full Time

The Securitized Credit Team is looking for an Investment Associate to focus on Non-Agency Mortgage-Backed Securities (MBS) and Asset-Backed Securities (ABS).  Based in Boston, MA, this person would work closely with the Securitized Credit Team to assist in investment decisions within dedicated securitized credit mandates and multi-sector fixed income portfolios.

 

Key Responsibilities:

  • Assist in day-to-day management of securitized credit positions within various subsectors such as post-crisis RMBS (Non-QM, SFR, CRT, RPL), ABS (Autos, Student Loans, Equipment, Consumer Loans), and CMBS (Conduit, SASB, CRE-CLO).
  • Build and maintain scalable systems to monitor collateral performance and position valuations using tools such as Bloomberg, Python, SQL, R, Stata, and other platforms and languages.
  • Monitor issuer, industry, and market trends within a comprehensive surveillance process.
  • Develop econometric models to forecast prepayments, defaults, and losses on pools of residential, consumer, and commercial loans.
  • Perform credit analysis and propose trade ideas for client portfolios with a focus on relative value and security selection within securitized credit sectors. Assess strengths and weaknesses of securitization structures, risk scenarios, and legal documents on new issue and secondary offers.
  • Execute trades in the primary and secondary market. Build and maintain relationships with sell side research, trading desks, rating agencies, issuers, and other industry participants.
  • Develop and maintain broker/dealer contacts. Aggregate and manage new-issue orders.
  • Assist with evaluation and documentation of ESG risks within securitized assets.

 

Requirements:

  • Detail oriented, intellectually curious team player who is able to work in a fluid work environment with tight deadlines and make buy-and-sell investment decisions under pressure.
  • Bachelor’s degree required, preferably in an analytical field. CFA charterholder or progress towards the CFA designation is preferred.
  • Proficiency and interest with programming languages is required. Specific experience with Python, R, C#, or SQL is ideal.
  • 5+ years of fixed income investments experience is required. Specific experience within securitized assets (MBS, ABS, CMBS) is strongly preferred
  • Analytical skills and attention to detail is essential. Applied experience making decisions using statistics or econometrics is preferred.
  • Ability to collaborate and communicate across all areas of the organization including sales, marketing, compliance, trading, and operations, is critical.
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