Description:Vice President, Securitization & Structured Products will help build the firm's securitization and structured finance platform across residential mortgage, consumer, commercial, and specialty asset classes.
The candidate will play a central role in structuring and execution of warehouse facilities and capital markets securitization transactions. This is a high-impact, analytically rigorous role that sits at the intersection of capital markets, credit analysis and financial modeling.
Will also consider candidates with fewer years of experience for an Associate title.
Responsibilities:Modeling
- Build, maintain and stress-test cash flow securitization models across ABS and RMBS asset classes
- Develop and validate collateral performance assumptions, including prepayment speeds, default ratings, loss severities, and delinquency roll rates
- Structure cash flow waterfalls, subordination, reserve accounts, and other credit enhancement mechanisms
- Conduct scenario and sensitivity analysis to support rating agency submissions and investor materials
Transaction execution
- Support end-to-end deal execution from collateral diligence through closing, including coordinating with issuers, rating agencies, trustees and legal counsel
- Prepare offering memoranda, term sheets, investor presentations and analytics
- Interface with trading desks, syndicate, and structuring teams
Portfolio and Risk Analytics
- Monitor performance of existing warehouse exposure; produce periodic surveillance reports and trigger analysis
- Analyze collateral to identify credit trends and concentration risks
- Assist in the preparation of internal credit committee and risk presentations
Qualifications:Required
- 4+ years of experience structuring securitizations (ABS and/or RMBS) at a bank, broker-dealer, accounting firm, or private credit firm
- Demonstrated proficiency in cash flow modeling; advanced excel and/or python skills
- Strong understanding of cash flow drivers including consumer credit fundamentals, prepayment dynamics, etc
- Familiarity with rating agency methodologies
Preferred
- Bachelors degree in finance, economics, mathematics, engineering or related quantitative field
- Experience with INTEX, Bloomberg ABS/MBS analytics
- CFA candidate or charterholder
- Dallas location; remote will be considered
The duties listed above are the essential functions, or fundamental duties within the job classification. The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy.
