girl looking into her desktop
Back to search results

Analyst/Associate – Structured Product Valuation

New York, New York

Job Description:

Analyst/Associate – Structured Product Valuation

Department: GBAM - PriceServe – Fixed Income Securities Pricing. PriceServe is a fast growing business at Merrill that helps to value clients’ portfolios. Customers (including hedge funds, money managers, mutual funds, banks and insurance companies) pay PriceServe to provide high-quality, informed valuations for securities and loans in their portfolio.  The need for transparency and disclosure has become increasingly important to institutional investors. PriceServe uses fundamental analysis and in-depth understanding of deal structure on ABS/RMBS/CLOs along with market color in its valuations.   Evaluators work closely with Trading and Research to provide customized solutions to our clients.  

Job Description

  • Evaluate valuations for Mortgage-backed securities, Asset-backed securities, Structured Products, CLOs, and Corporate credit, with an emphasis on harder-to-value securities
  • Work with the structured product trading desks to gather trading prices, spreads, and other pricing data
  • Develop understanding of deal and waterfall structure and collateral risks and attributes
  • Select appropriate prepayment and default scenarios to correctly value securities and run cash flows on securities
  • Discuss assumptions and cash flows with clients and respond to client pricing disagreements
  • Gather and organize market data to be used in bond valuation work
  • Utilize research and research models to analyze loss and prepayment assumptions
  • Develop procedures to meet deadlines and to facilitate client delivery and quality control
  • Pursue missing or incomplete data from research and trading desks

Candidate Requirements

  • Bachelor’s Degree, preferably min of 2 years’ experience
  • Strong analytical experience
  • Interest in Fixed Income securities
  • Some experience with Bloomberg
  • Highly proficient in using Microsoft Excel, strong preference for VBA and other automation skills
  • Ability to work under a time pressure and to meet stringent deadlines
  • Ability to understand a financial offering circular and trustee report

Job Band:

H6

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Analyst/Associate – Structured Product Valuation

Department: GBAM - PriceServe – Fixed Income Securities Pricing. PriceServe is a fast growing business at Merrill that helps to value clients’ portfolios. Customers (including hedge funds, money managers, mutual funds, banks and insurance companies) pay PriceServe to provide high-quality, informed valuations for securities and loans in their portfolio.  The need for transparency and disclosure has become increasingly important to institutional investors. PriceServe uses fundamental analysis and in-depth understanding of deal structure on ABS/RMBS/CLOs along with market color in its valuations.   Evaluators work closely with Trading and Research to provide customized solutions to our clients.  

Job Description

  • Evaluate valuations for Mortgage-backed securities, Asset-backed securities, Structured Products, CLOs, and Corporate credit, with an emphasis on harder-to-value securities
  • Work with the structured product trading desks to gather trading prices, spreads, and other pricing data
  • Develop understanding of deal and waterfall structure and collateral risks and attributes
  • Select appropriate prepayment and default scenarios to correctly value securities and run cash flows on securities
  • Discuss assumptions and cash flows with clients and respond to client pricing disagreements
  • Gather and organize market data to be used in bond valuation work
  • Utilize research and research models to analyze loss and prepayment assumptions
  • Develop procedures to meet deadlines and to facilitate client delivery and quality control
  • Pursue missing or incomplete data from research and trading desks

Candidate Requirements

  • Bachelor’s Degree, preferably min of 2 years’ experience
  • Strong analytical experience
  • Interest in Fixed Income securities
  • Some experience with Bloomberg
  • Highly proficient in using Microsoft Excel, strong preference for VBA and other automation skills
  • Ability to work under a time pressure and to meet stringent deadlines
  • Ability to understand a financial offering circular and trustee report

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21074731

Band: H6

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jessica Jonas

Referral Bonus:

0

Street Address

Primary Location:
ONE BRYANT PARK, NY, New York, 10036