Structured Products Analyst

Job Title

Responsibilities include, but are not limited to:

• Evaluate and analyze credit and structures for Commercial Mortgage Backed Securities (CMBS), Asset Backed Securities (ABS), Residential Mortgage Backed Securities (RMBS), and Collateralized Loan Obligations (CLO) using internal and industry tools
• Perform ongoing due diligence and surveillance of structured portfolio positions and communicating updates in a timely fashion
• Produce and assist with written reports, including structured product evaluations and quarterly updates, credit memos, and sector reviews
• Research and analyze collateral and structures, analyze loan details and issuer information on new issue Commercial Mortgage Backed Security (CMBS), Residential Mortgage Backed Security (RMBS), Asset Backed Security (ABS), and Collateralized Loan Obligations (CLO)
• Utilize vender-based research to reflect changes in structured product modeling assumptions
• Provide fundamental and relative value research to generate structured product-driven investment ideas and strategies to enhance portfolio returns and mitigate risk
• Maintain relationships with sell-side strategists and Rating Agencies to achieve the best ideas within structured products
• Assist Structured Product team with ad-hoc analysis and required tasks
• Performs other duties and responsibilities as assigned by management
• The candidate must demonstrate strong written and oral communication skills and pay close attention to details
• The candidate should be experienced in using standard evaluation tools such as Intex Calc, Trepp, Bloomberg, Yieldbook, and should have data mining programming skills

Minimum Qualifications

Preferred Qualifications:

• Bachelor's degree with ten (10) years of experience in structured product credit analysis
• Programming skills, including data mining programming
• Preference may be given to candidates who have obtained their MBA or Chartered Financial Analyst (CFA) credential
• Experienced in using standard evaluation tools such as Intex Calc, Trepp, Bloomberg, Yieldbook
• Strong communication skills and pay close attention to details
• Strong technical skills and intellectual curiosity

Additional Comments

Salary will be commensurate with experience. For new State employees appointed to graded positions, the annual salary is the hiring rate (beginning of the Salary Range) of the position. Promotion salaries are calculated by the NYS Office of the State Comptroller in accordance with NYS Civil Service Law, OSC Payroll rules and regulations and negotiated union contracts.

Fringe Benefits:

• Competitive Compensation.
• Future Career Growth Potential.
• Open and Supportive Team-Based Environment.
• Plentiful Vacation, Personal, and Sick Leave Accruals.
• Paid State and Federal Holidays.
• Full Medical, Vision, and Dental.
• Retirement Options.

NYSIF Commitment to Diversity, Equity, and Inclusion The New York State Insurance Fund (NYSIF) prioritizes and champions diversity, equity, and inclusion (DEI) throughout our agency. NYSIF provides equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, disability, veteran status, or any other protected category under federal, state, and local law. We believe that embracing our differences brings richness, new ideas and experiences to NYSIF, which energizes a creative and innovative work environment. We strive to foster a workplace where diverse individuals are able to participate fully in the decision-making process and have ample opportunity for advancement. We are committed to investing the necessary resources and attention to improving the engagement, retention, and promotion of the extraordinary talent we have.

Executive Order 31 commits New York State government to becoming a model employer for people with disabilities, increasing the participation of people with disabilities in state service and ensuring equal access to opportunities. NYSIF is proud to utilize best practices to recruit, hire, retain, and promote career advancement of individuals with disabilities. This includes special focus on current and prospective employees with the most significant disabilities, such as the use of supported employment, individual placement with support services, customized employment, the civil service sections 55/b and 55/c programs, internships, and job shadowing. If you are a person with a disability and wish to request that a reasonable accommodation be provided for you to participate in a job interview, please send an email to NYSIF's Reasonable Accommodations mailbox at ra@nysif.com.

Some positions may require additional credentials or a background check to verify your identity.