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Structured Credit Analyst (CMBS and ABS)

Guggenheim Partners
Santa Monica, CA, US
$130.5K-$145K a year
Full-time

Position Summary

Guggenheim Investments is seeking an experienced Structured Credit Analyst with primary experience in Commercial Mortgage-Backed Securities (CMBS) and secondary experience in other Structured Credit sectors such as Asset Backed Securities (ABS).

The Structured Credit Analyst is responsible for maintaining market coverage, conducting security and portfolio-level analysis, and sourcing and reviewing investments.

This position is collaborative and may be cross-functional in response to market conditions, with the employee responsible for intermediating, aggregating, and disseminating CMBS and ABS market information to credit sector teams, portfolio managers, and senior investment professionals.

The employee will report to the CMBS Sector Lead. The employee will work in the firm’s Santa Monica, California office.

Essential Job Functions

  • Lead evaluation of specialized and complex investments utilizing all available sources of information including governing documents, published research, financial reports, news, rating agency reports, and market information
  • Generate credit views, trade ideas and research summaries for CMBS and ABS collateral types. Conduct total return, OAS, and scenario analysis using standard analytical tools.

Emphasis on in-depth collateral and structural analysis.

  • Present trade ideas and credit views to sector team members and portfolio managers.
  • Maintain and originate client presentation materials related to key market development and investment views
  • Maintain and develop cashflow and financial models for specialized and complex investments. Oversee and QC cashflow / financial models for less-complex, on-the-run investments.

Develop and maintain internal catalogues of deal comps, credit views, and credit statistics to support monitoring, surveillance, and relative risk and value analysis.

Research developments related to specialized and more complex investments

  • Participate in meetings with dealers and industry experts for industry background and deal research.
  • Direct and QC monthly / quarterly surveillance process.

Ensure completeness of investment analysis and documentation in conformance with firm standards

  • Conduct reviews of prospective portfolio acquisitions
  • Conduct and oversee ad hoc analysis to support PM, management, client, and desk-directed inquiries

Preferred Qualifications

  • Experience with industry standard tools such as Bloomberg, BRS, Yieldbook, Intex
  • Strong credit, finance, economic, business, and technical skills
  • Advanced Excel skills are required. SQL, Python skills are desirable
  • Strong written and verbal communication skills
  • Ability to multi-task across analytical, administrative, and research activities in a detail oriented and timely manner.
  • Strong commitment to performance and accuracy of work product
  • Team oriented individual with ability to work independently and work well with diverse groups in a market-paced environment

Basic Qualifications

  • 4-6 years of relevant experience in research, analysis, trading, or structuring
  • Advanced degree (MFE, MBA) or equivalent educational background are desirable. CFA or progress toward CFA is required

Salary Details

The annual base salary for this role is between $130,500 - $145,000. The base salary range represents the low and high end of the anticipated base salary range for this position.

Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.

30+ days ago
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