Demo

ABS Structuring Associate II

Truist Bank
New York, NY Full Time
POSTED ON 1/16/2025
AVAILABLE BEFORE 3/15/2025

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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

As part of the Capital Markets division within Truist Securities, Inc., the Asset Securitization Group (ASG) provides structured debt capital solutions to clients of Truist Bank across a range of consumer, commercial and esoteric asset classes. The ABS Structuring team within ASG (i) partners with the originations team, syndicate desk and sales team to structure asset-backed securities (ABS) that are placed with institutional investors in the new issue market and (ii) partners with our ABS warehouse team to model asset-backed credit facilities for our clients. The ABS Structuring team works closely with our clients and rating agencies to optimize deal execution on opportunities where Truist Securities is engaged as the Structuring Agent. In addition to execution work on active mandates, the ABS Structuring team partners with the ASG Originations team to develop pitches and structures for new clients and/or new asset classes.

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job.  Other duties may be performed, both major and minor, which are not mentioned below.  Specific activities may change from time to time. 

1. Perform collateral analytics from loan tapes, analyze historical CNL performance, and derive base case loss assumptions using historical data for consumer, equipment, small business, and esoteric asset classes.

2. Use stratifications and other reporting tools to effectively convey pool characteristics, concentrations, distributions, and risks. Proactively determine missing, incomplete, and inaccurate information

3. Design, develop and use complex Excel spreadsheet cash flow models for ABS transactions, including structure proposals, rating agency stress scenarios, offering memoranda disclosures, investor runs and other bond analytics and calculations

4. Collaborate with ASG Originations, clients, rating agencies, attorneys, accountants, and others on all matters related to collateral characteristics, bond structuring and analysis

The annual base salary for this position is $160,000

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1.    BA/BS degree
2.    Licenses: Series 7, 79, and 63
3.    4 years of related work experience
4.    Strong technical skills including financial analysis, modeling, presentation
5.    Strong interpersonal skills which foster teamwork, trust and accountability
 

Preferred Qualifications

1.    BA/BS degree, with with a math / quantitative finance or engineering focus (Master’s Degree a plus)
2.     Microsoft Excel (including VBA macro language), INTEXcalc, CAS, Bloomberg

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

EEO is the Law   Pay Transparency Nondiscrimination Provision   E-Verify

Salary : $160,000

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