462 Associate, Investment Operations (MBS) Jobs in New York, NY
SORT BY
J
C
A
C
A
A
T
A
A
A
R
A
T
R
A
T
A
J
A
H
P
P
D
A
6
63000 Blackstone Administrative Services Partnership
New York, NY | Full Time
$164k-214k (estimate)
2 Weeks Ago
M
B
A
Associate, Investment Operations (MBS)
$103k-145k (estimate)
Full Time | Wholesale
1 Week Ago
Cerberus Capital Management is Hiring an Associate, Investment Operations (MBS) Near New York, NY
About CerberusFounded in 1992, Cerberus is a global leader in alternative investing with approximately $67 billion in assets under management across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com.
What is Investment Ops?
The Investment Operations team provides trade and operational support to over 40 different Lines of Business. We create significant value across the Firm’s investment strategies and infrastructure functions by providing data analysis, reporting, and by developing solutions to complex operational hurdles to allow the business to achieve its goals. We adapt to dynamic business requirements by combining product expertise, technology, and a flexible, data-driven approach.
What is MBS Ops?
The MBS Operations team works as part of the broader Investment Operations team to specifically support the Firm’s Residential and Commercial Mortgage-Backed Securities desks. The team works closely with the MBS desks on daily trading activity, securitizations, re-securitizations, repo financing, bespoke financing facilities, and portfolio hedging. The MBS strategies are some of the Firm’s most complex areas, relying on a high-performing team of Operations professionals to support the business needs.
Responsibilities & Deliverables
What is Investment Ops?
The Investment Operations team provides trade and operational support to over 40 different Lines of Business. We create significant value across the Firm’s investment strategies and infrastructure functions by providing data analysis, reporting, and by developing solutions to complex operational hurdles to allow the business to achieve its goals. We adapt to dynamic business requirements by combining product expertise, technology, and a flexible, data-driven approach.
What is MBS Ops?
The MBS Operations team works as part of the broader Investment Operations team to specifically support the Firm’s Residential and Commercial Mortgage-Backed Securities desks. The team works closely with the MBS desks on daily trading activity, securitizations, re-securitizations, repo financing, bespoke financing facilities, and portfolio hedging. The MBS strategies are some of the Firm’s most complex areas, relying on a high-performing team of Operations professionals to support the business needs.
Responsibilities & Deliverables
- Maintain the entire lifecycle of products traded across the MBS trading desks. Products include MBS, mortgage whole loans (RPLs and NPLs), US Treasuries, equities, financing arrangements (repo, bespoke facilities), and derivatives (Interest Rate Swaps, Futures, Credit Default Swaps, Swaptions, FX Forwards, etc.). Specific responsibilities include:
- Trade entry into the firm’s Order Management and Accounting systems.
- Booking and reconciling position maintenance events (paydowns, remittance, corporate actions, coupon rate updates, swap resets, CMBX rolls).
- Ensuring proper settlement of all trading activity on the street.
- Working with the trading desks, other CCM infrastructure functions, and third parties to close unique deals. These include mortgage securitizations, resecuritizations, CDOs, and other bespoke financing facilities.
- Producing and tying out a Flow of Funds schedule for new deals
- Working with internal Tax group and external counsel on proper legal structures for new deals
- Liaising with financing counterparties to repay old financing and obtain new financing
- Liaising with trustees, prime brokers, and escrow agents to ensure proper settlement.
- Working with fund administrators, prime brokers, and counterparties to perform critical reconciliations.
- Month end position and PnL tie-out with fund administrators to close the books.
- Daily trade reconciliation with prime brokers.
- Derivative roll tie-outs with OTC counterparties
- Reconciliation of all book and street cash activity in the firm’s cash reconciliation system.
- Work with the Investment Operations and Business Optimization teams on various projects aimed to automate / improve current processes.
- Liaise daily with the trading desks to assist with all ad-hoc requests, including P&L analysis, liquidity analysis, etc.
- Document non-standard trades, allocation errors, and participations for the firm’s allocation committee. Create standard fund allocations and hedge allocations.
- Maintain meta and financial data in our Data Warehouse Management system and build Data Warehouse reporting leveraging this information.
- Ad-hoc project ownership.
- Monitor daily/weekly/monthly checks and assist in development of new checks to manage operational risk.
- B.S. or Master’s degree in finance, accounting, economics, or a related field.
- Experience working with the various financial products described previously in a middle/back office capacity.
- Technical skills: MS Excel, other MS Office programs
- Useful technical skills: programming languages (Python, VBA, SQL), Visual Portfolio Manager, Bloomberg terminal.
- Familiarity with accounting concepts. Experience with SPV structures.
Job Summary
JOB TYPE
Full Time
INDUSTRY
Wholesale
SALARY
$103k-145k (estimate)
POST DATE
06/19/2024
EXPIRATION DATE
07/29/2024
WEBSITE
cerberusre.com
HEADQUARTERS
New York, NY
SIZE
<25
INDUSTRY
Wholesale
Related Companies
Show more
The job skills required for Associate, Investment Operations (MBS) include Analysis, Economics, Trading, Accounting, etc. Having related job skills and expertise will give you an advantage when applying to be an Associate, Investment Operations (MBS). That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Associate, Investment Operations (MBS). Select any job title you are interested in and start to search job requirements.
Show more
Similar Jobs
Popular Articles
Top 10 Things to Avoid Putting on a Job Application
Read Article
How to Describe Your Education in a Resume
Read Article
How to Write a Memorable Cover Letter in 5 Ways
Read Article
4 Personal Finance Tips to Make During Job Transition
Read Article
4 Best Camera Setups for Interview
Read Article
Keeping a Job Search Journal: 9 Types of Journaling You Can Do
Read Article
