New York Life Insurance
Overview
Location Designation: Hybrid - 4 days per week A $300bn+ asset manager is looking to add a Director to its Structured Finance research and origination team focused on the non-traditional commercial and consumer asset backed securitizations (ABS). The team is focused on originating and executing 4(a)2 private placement and 144A securitized transactions including private debt deals, asset spot purchases, and forward flow programs. Coverage sectors include digital infrastructure (data centers, fiber networks), transportation (aviation, rail, container), equipment finance, whole business, solar loans and leases, student loans, home improvement, unsecured consumer, single family rental (SFR) and residential mortgage (RMBS). Responsibilities
Underwriting new issue and secondary investment opportunities within the consumer, esoteric and/or commercial ABS markets Negotiating document terms with issuers, sponsors and other transaction parties Analyzing collateral to develop modelling assumptions and providing credit quality assessment Presenting results from transaction-specific and sector-wide analyses to wider internal and external audiences, including portfolio managers and clients Maintaining views on industry-wide issues that impact originators, broker/dealers and investors Responsibilities may include monitoring U.S. and global regulatory changes, accounting and capital requirement changes, federal, state, and global lending laws, and any legal precedents Undertaking the ongoing monitoring and analysis of portfolio positions to assess credit risk, credit ratings stability, cash flow volatility, portfolio positioning and trading opportunities Qualifications
Minimum 10 years’ experience in consumer, esoteric and/or commercial ABS in a buy side or sell side research role Demonstrated ability to source, underwrite, document and monitor transactions Prior experience in credit research, risk evaluation, collateral performance assumptions with scenario and sensitivity analysis, cashflow modeling, and negotiation of deal terms Robust knowledge of the ABS issuers, intermediaries, and investors Strong understanding of U.S. securitization structures, legal foundations, and legal transaction documents Excellent attention to detail and the ability to work independently while contributing to the overall team culture Strong verbal and written communication skills Pay Transparency
Salary Range: $165,000-$200,000 Overtime eligible: Exempt Discretionary bonus eligible: Yes Sales bonus eligible: No Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program. Our Benefits
We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. See NYL Benefits Site for comprehensive benefit options or visit the Careers page on www.NewYorkLife.com. Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. Diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and culture. See our careers page to learn more about how we have been recognized for our leadership. New York Life is recognized as one of Fortune’s World’s Most Admired Companies and is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page on www.NewYorkLife.com. Job Requisition ID: 91678
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Location Designation: Hybrid - 4 days per week A $300bn+ asset manager is looking to add a Director to its Structured Finance research and origination team focused on the non-traditional commercial and consumer asset backed securitizations (ABS). The team is focused on originating and executing 4(a)2 private placement and 144A securitized transactions including private debt deals, asset spot purchases, and forward flow programs. Coverage sectors include digital infrastructure (data centers, fiber networks), transportation (aviation, rail, container), equipment finance, whole business, solar loans and leases, student loans, home improvement, unsecured consumer, single family rental (SFR) and residential mortgage (RMBS). Responsibilities
Underwriting new issue and secondary investment opportunities within the consumer, esoteric and/or commercial ABS markets Negotiating document terms with issuers, sponsors and other transaction parties Analyzing collateral to develop modelling assumptions and providing credit quality assessment Presenting results from transaction-specific and sector-wide analyses to wider internal and external audiences, including portfolio managers and clients Maintaining views on industry-wide issues that impact originators, broker/dealers and investors Responsibilities may include monitoring U.S. and global regulatory changes, accounting and capital requirement changes, federal, state, and global lending laws, and any legal precedents Undertaking the ongoing monitoring and analysis of portfolio positions to assess credit risk, credit ratings stability, cash flow volatility, portfolio positioning and trading opportunities Qualifications
Minimum 10 years’ experience in consumer, esoteric and/or commercial ABS in a buy side or sell side research role Demonstrated ability to source, underwrite, document and monitor transactions Prior experience in credit research, risk evaluation, collateral performance assumptions with scenario and sensitivity analysis, cashflow modeling, and negotiation of deal terms Robust knowledge of the ABS issuers, intermediaries, and investors Strong understanding of U.S. securitization structures, legal foundations, and legal transaction documents Excellent attention to detail and the ability to work independently while contributing to the overall team culture Strong verbal and written communication skills Pay Transparency
Salary Range: $165,000-$200,000 Overtime eligible: Exempt Discretionary bonus eligible: Yes Sales bonus eligible: No Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program. Our Benefits
We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. See NYL Benefits Site for comprehensive benefit options or visit the Careers page on www.NewYorkLife.com. Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. Diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and culture. See our careers page to learn more about how we have been recognized for our leadership. New York Life is recognized as one of Fortune’s World’s Most Admired Companies and is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page on www.NewYorkLife.com. Job Requisition ID: 91678
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