What are the responsibilities and job description for the Structured Finance Associate position at Idexcel?
Job Title: Senior Associate - Structured Finance
Location: Remote
Duration: 24 Months
Travel: May be up to 50%
Key Words:
Structured Finance
Asset-backed Securities (ABS)
Commercial Mortgage-backed Securities (CMBS)
Reverse Engineering
Responsibilities & Expectations:
Develop and model complex financial structures such as reverse engineering of cash flow, waterfall payments, including payment rules, interest calculations and trigger effects
Work on financial risk management advisory and audit engagements related to financial instrument valuations and cash flow analysis of fixed income, structured products, solar tax equity technical accounting applications, and whole loan portfolios
Analyze and assess risk management activities related to investment portfolios, liquidity sources, accounting changes, and new regulations related to the SEC’s Regulation AB criteria.
Review, validate, and develop financial cash flow models including mortgage (MBS) and asset-backed securities (ABS), credit default swap (CDS), option models, alternative equity investment, collateralized debt obligation (CDO), collateralized loan obligations (CLO), auction rate securities, residual assets, mortgage-servicing assets (MSR), and commercial mortgage-backed securities (CMBS)
Review operational risk management, internal control policies and procedures including GAP analysis
Perform compliance testing related to various client financing agreements with investment banks, issuers, regulators, government agencies, and investors
Provide detail analysis and reporting for securities and investors looking at Green Bonds, Social Bonds, COVID bonds, Sustainability Linked Notes.
Perform attestation and framework advisory services related to the principals of Green Bonds, Environmental, Social and Governance (ESG) and Sustainable Finance as the market continues to hit new issuance records in 2024 and into 2025
Additional Responsibilities and Expectations:
Supervise teams of associates and interns on multimillion dollar annuity engagements
Serve as a direct liaison between clients and upper management
Identify and communicate technical matters to both clients and upper management
Mentor associates and new hires – training in Intex, Bloomberg, Winfast, Alteryx, Python, etc
Qualifications:
A minimum of four years of relevant experience in the financial services industry, structured finance, mortgage banking, corporate finance, or advisory services or a minimum of five years of experience in fixed income analysis
Bachelor's degree preferably in finance, financial engineering, mathematics, economics, statistics, or a related major from an accredited college/university required, advanced degree is preferred.
Strong understanding of financial products and structured credit, fixed income, discounted cash flow valuations, credit and interest rate risk hedging, and pricing of various financial instruments
Working knowledge of modeling techniques and collateralized debt obligation types such as residential and commercial mortgage back securities, bank loans, and asset back securities
Pursuit of Chartered Financial Analyst designation considered a plus
Programming and modeling experience related to structured finance is highly preferred, particularly Intex, Bloomberg and/or Imake modeling tools
Valuations of complex financial instruments as well as strong data mining and/or programming and advanced MS Access or SQL/Appian/Alteryx/Sapiens skills
Extensive middle office, accounting, compliant and risk management skills with structured financial product.
Travel may be up to 50-75% (will be reimbursed).
