Sr. Investment Associate - Securitized CreditThe Securitized Credit and Short Duration Income Team at Pioneer Investments is looking for an Investment Associate to focus on Non-Agency Residential Mortgage-Backed Securities (RMBS) and Asset-Backed Securities (ABS). Based in Boston, MA, this person will assist the Team in making investment decisions within securitized credit and short duration fixed income portfolios,as well as multi-sector fixed income portfolios. The Team is currently composed of four otherinvestment professionals (total of five) and is directly responsible for ~$12.8B of Pioneer's~$56B in fixed income client assets.
You Will:- Assist in day-to-day management of securitized credit positions within various subsectors such as post-crisis RMBS (Non-QM, SFR, CRT, RPL) and ABS (Autos, Student Loans, Equipment, Consumer Loans).
- Build and maintain scalable systems to monitor collateral performance and position valuations using tools such as Bloomberg, Python, SQL, R, Stata, and other platforms and languages.
- Monitor issuer, industry, and market trends within a comprehensive surveillance process.
- Develop econometric models to forecast prepayments, defaults, and losses on pools of residential, consumer, and commercial loans.
- Perform credit analysis and propose trade ideas for client portfolios with a focus on relative value and security selection within securitized credit sectors. Assess strengths and weaknesses of securitization structures, risk scenarios, and legal documents on new issue and secondary offers.
- Execute trades in the primary and secondary market. Build and maintain relationships with sell side research, trading desks, rating agencies, issuers, and other industry participants.
- Develop and maintain broker/dealer contacts. Aggregate and manage new-issue orders.
You Have:- Detail oriented, intellectually curious team player who can work in a fluid work
environment with tight deadlines and make buy-and-sell investment decisions under
pressure. - Bachelor's degree required, preferably in an analytical field. CFA charterholder or progress towards the CFA designation is preferred.
- Proficiency and interest with programming languages is required. Specific experience with Python, R, or SQL is ideal.
- 2-6 years of fixed income investments experience is preferred.
- Analytical skills and attention to detail is essential. Applied experience making decisions using statistics or econometrics is preferred.
- Ability to collaborate and communicate across all areas of the organization including sales,marketing, compliance, trading, and operations, is critical.
Our Benefits:Victory Capital Management offers excellent Medical, Dental, Vision plans, Flexible PTO, Family Medical
and Disability Leaves, Education Tuition Reimbursement and a 401k plan with a generous employer match.
Target Compensation:The target base salary range for this position is $100,000 to $120,000 Salaries are determined based on internal equity, internal salary ranges, market data/ranges,
applicant's skills and prior relevant experience, certain degrees, and certifications. Victory Capital Management operates a pay-for-performance compensation philosophy and totalcompensation may vary based on role, location, department and individual performance.
Victory Capital Management's total compensation package includes the opportunity for annual
compensation bonuses and/or commissions and a generous benefits package.
