Senior Analyst Structured Finance, Agency and Non-Agency MBS Boston, MA, USA Req #34 Loomis Sayles is a performance-driven active asset management company that seeks to identify exceptional investment opportunities on behalf of institutional and retail clients worldwide. We believe active management fueled by proprietary, best-in-class research helps us achieve financial success for our clients. Founded in 1926, Loomis Sayles currently oversees approximately $310 billion in assets under management for global clients spanning more than 50 countries.
We foster a culture of entrepreneurialism, where all employees are empowered and encouraged to develop themselves and their ideas. Our culture centers on our shared IDEALS, the core characteristics of who we aspire to be as employees and an organization.
About the Role The Mortgage and Structured Finance (MSF) team has an opportunity for a senior analyst to join its 20-person team. This position will report to the Head of Mortgage and Structured Finance. The analyst will primarily focus on a broad range of research activities in the Agency and Non-Agency Mortgage-Backed Securities markets under the direction of the Head of MSF and the sector portfolio managers. The analyst will also contribute to the overall development of the proprietary data management infrastructure that supports the investment activities of the entire MSF team.
Job Responsibilities Lead research coverage of the Agency MBS portfolio, which consists of $17bn across MBS pass-thrus, agency CMBS, mortgage CMOs and derivatives. Coordinate and implement an investment-driven research agenda with the four-person team of agency MBS portfolio managers and traders. Lead the continued enhancement of the proprietary agency MBS prepayment model and other quantitative valuation tools. Further develop a loan level proprietary database covering the full MBS & RMBS markets. Oversee the prepayments of the Agency MBS portfolio by monitoring actual versus expected prepayments. Independent lead coverage of the $2.5bn Non-Agency RMBS portfolio, generating investment ideas and monitoring performance. Perform broad surveillance, commentary, and outlook for the U.S. Housing market. Conduct independent credit analysis of transactions in the new issue and secondary markets. Perform cash flow and structural analysis, validating accuracy of third-party models. Monitor existing transactions and set up surveillance models. Ensure each step of the investment process is followed and properly communicated. Develop and maintain presentations and reports for internal meetings and client interactions. Contribute as an active member of the team to identify relative value opportunities across the securitized markets. Qualifications & Education Requirements BS degree in related field with exceptional academic achievement required. Graduate degree focused in Finance/Economics or CFA designation strongly preferred. 10 plus years of financial services experience. 7+ years of experience in the investment management arena with direct responsibilities in securitized assets. Investment experience in Agency MBS and Non-Agency RMBS markets. Deep knowledge of RMBS structures, both cash flows and legal. Proficient in Intex and proven ability to independently create cash flow models. Strong understanding of optionality inherent in mortgage assets. Self-directed with a strong attention to detail and no tolerance for errors. A personality that thrives in a demanding, informal, and team-oriented environment. EEOC and Diversity Statement Loomis Sayles is deeply committed to building a diverse and inclusive workforce. We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, creed, color, gender, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
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