Securitized Products Research Analyst/Associate

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Responsibilities:

• Assemble historical financial models using SEC filings, company conference calls, and press releases.
• Conduct financial, statistical, and industry analysis on companies and the industry to support the team’s investment thesis.
• Research sector trends to support company/sector recommendations.
• Prepare reports/primers on economies, markets, and industries.
• Initiate and build relationships with clients to develop a network of contacts.
• Work with monthly prepayment related data flow, from fourth business day release of information from the issuing agencies, to production of monthly prepayment commentary, outlook and chartbooks.
• Extract new emerging trends and encapsulating into stylized write‐ups for inclusion in the existing Agency MBS publications distributed to clients.
• Work with prepayment modeling to develop synergies in evaluation, analysis, development and marketing.
• Analyze and use models to forecast and write reports on gross mortgage origination trends.
• Perform risk analysis within the agency MBS market, based on knowledge of the structure of the agency MBS market and key drivers of risk.
• Process large datasets (collecting, aggregating, cleaning, analyzing) and interpreting the aggregated data analysis results.
• Conduct stochastic interest rate modeling like Hull White, G2++ and applying interest rate models in MBS analytics calculation.
• Employ statistical modeling, including multi-variable linear and non-linear regressions to develop MBS prepayment models.
• Analyze and write reports on specified MBS pool prepayments and associated pay-ups relative to TBA MBS.

Required Skills & Experience:

• Bachelor's degree or equivalent in Business Administration, Finance, Economics, Mathematical Finance or related
• 2 years of experience in the job offered or a related finance occupation.
• Must include 2 years of experience in each of the following:
• Performing risk analysis within the agency MBS market, based on knowledge of the structure of the agency MBS market and key drivers of risk;
• Processing large datasets (collecting, aggregating, cleaning, analyzing) and interpreting the aggregated data analysis results;
• Conducting stochastic interest rate modeling like Hull-White, G2++ and applying interest rate models in MBS analytics calculation;
• Employing statistical modeling, including multi-variable linear and non-linear regressions to develop MBS prepayment models; and,
• Analyzing and writing reports on specified MBS pool prepayments and associated pay-ups relative to TBA MBS.

Shift:

Hours Per Week: