Sutherland - Structured Finance Analyst - Asset Backed Securities - European RMBS - Fixed Income Team

Job Description: Structured Finance Analyst (European RMBS)

The role is a part of the Fixed Income team which supports a multi-billion dollar asset manager based out of UK. The candidate is required to have a good understanding of European RMBS market as he/she will be required to perform valuation and risk assessment of an RMBS Bond.

The KRA of the role is to identify value and potential return opportunity in an RMBS bond. He/She should be adept in data extraction, analysis and valuation for the said asset class. The analyst will be the virtual front end analyst for the client and will work closely with the Portfolio Manager with an aim to find value in a potential investment opportunity and thereafter monitor the investment's performance.

Every analyst will be required to prepare a cash flow model (waterfall), an investment memo highlighting the investment rationale and effectively communicate the findings to the client. He/She will also be required to monitor and maintain the portfolio recommending entry and exit points or increase/decrease in $ investment.

The candidate will be required to possess and undertake the following:

- Strong understanding of legacy and new UK Non-Agency RMBS products with the ability to read and understand offering circulars, rating reports, annual reports, etc.

- Solid understanding of valuation inputs, capital structure, waterfall analysis, cash flow triggers, scenario/sensitivity testing. Adept at excel and should be able to build cash flow models (waterfall) for diverse structured products

- Adept at understanding and interpreting complex structures, pricing assumptions and market data to independently evaluate a RMBS bond

- Database management for existing and previous deals

- Constant review of valuation techniques to adapt to market dynamics

- Strong understanding of the UK real estate market and be updated with relevant regulatory policies, political and economic events across European region impacting the securitization market

- Excellent verbal faculties to strike a conversation with the Portfolio Manager

Requirement

- MBA Finance from premier institute/CFA/CA or equivalent

- 6-7 years of experience in credit evaluation of structured finance products and/or other fixed income products

- Excellent verbal and written communication skills

- Database usage experience - Bloomberg, Microsoft Office. Working knowledge of Intex will be an added advantage.

- Attention to detail and ability to work independently is preferred

- Valid passport as a candidate may be required to travel to UK for initial training. Valid UK visa is a plus.