Role Profile
The Yield Book is a premier fixed income analytical system currently used by 82 of the top 100 fixed income money managers in the U.S. and other top-tier broker dealers’ sales, trading and research professionals. Institutional portfolio managers, investment advisors, insurance companies, banks and hedge funds value The Yield Book for the fast and broad access it provides to financial models, analytical tools and high-speed computation capabilities
A subsidiary of LSEG, The Yield Book Inc product line includes The Yield Book, the Yield Book Excel Add-in, API and Calculator.
For more information please visit www.yieldbook.com
Responsibilities
The Yield Book team in Buffalo, NY is looking to hire a cashflow modelling associate to model Residential Mortgage Backed Securities (RMBS, agency and non-agency) and Asset Backed Securities (ABS). We are looking for someone who is motivated and driven. Strong analytical background is needed for the job. Willingness to learn is highly important for this position
• Cash flow modelling of mortgage-backed and asset-backed securities using in-house proprietary software tools, interpreting deal legal documents to create a structured C++ based model
• Model structured products such as US and non-US issuance deals of various asset types including but not limited to mortgages, student loans, credit cards, auto, and equipment loans.
• Work on various ad-hoc projects when needed.
• Assist with maintenance of modeled securities for current payments and collateral updates.
• Perform quality assurance checks on database of modeled securities.
• Oral and written communication with trustees, underwriters and servicers
Skills
• Strong analytical and problem solving skills.
• Previous knowledge of mortgage backed securities is preferred but not essential.
• Experience with Python or C++ preferred
• Candidates should be detail-orientated, energetic and exhibit a high degree of accuracy in their work.
• Must have strong computer skills and knowledge of basic accounting. Familiarity with computer programming and fixed income securities is a plus
Academic Background
• Graduate level degree in Finance, or related quantitative field
• OR similar Bachelor’s degree, plus 3 to 4 years related experience will be considered as well
Career Stage:
Senior Associate
Compensation/Benefits Information:
LSEG is committed to offering competitive Compensation and Benefits. The anticipated base salary for this position is $85,200 - $142,000.
Please be aware base salary ranges may vary by geographic location, city and state. In addition to our offered base salary, this role is eligible for our Annual Incentive Plan (AIP/”bonus plan”). Target AIP rates will be commensurate with role level and posted career stage. Individual salary will be reflective of job related knowledge, skills and equivalent experience. LSEG roles (excluding internships and part-time roles of less than 20 hours per week) are typically eligible for inclusion in our LSEG Benefits program, which includes offerings of: Annual Wellness Allowance, Paid time-off, Medical, Dental, Vision, Flex Spending & Health Savings Options, Prescription Drug plan, 401(K) Savings Plan and Company match. LSEG’s Benefits plan also includes basic life insurance, disability benefits, emergency backup dependent care, adoption assistance commuter assistance etc.
