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Genworth

Director, Asset Backed Securities, Structured Rese

Genworth, Stamford, CT, United States


At Genworth, we empower families to navigate the aging journey with confidence. We are compassionate, experienced allies for those navigating care with guidance, products, and services that meet families where they are. Further, we are the spouses, children, siblings, friends, and neighbors of those that need care-and we bring those experiences with us to work in serving our millions of policyholders each day. We apply that same compassion and empathy as we work with each other and our local communities. Genworth values all perspectives, characteristics, and experiences so that employees can bring their full, authentic selves to work to help each other and our company succeed. We celebrate our diversity and understand that being intentional about inclusion is the only way to create a sense of belonging for all associates. We also invest in the vitality of our local communities through grants from the Genworth Foundation, event sponsorships, and employee volunteerism. Our four values guide our strategy, our decisions, and our interactions: * Make it human. We care about the people that make up our customers, colleagues, and communities. * Make it about others. We do what's best for our customers and collaborate to drive progress. * Make it happen. We work with intention toward a common purpose and forge ways forward together. * Make it better. We create fulfilling purpose-driven careers by learning from the world and each other. POSITION TITLE Director, Asset Backed Securities, Structured Research POSITION LOCATION Stamford, CT This position must be based in Stamford, CT with a hybrid work schedule. YOUR ROLE You will be a member of the Structured team with responsibility for covering Asset-Backed Securities. This role requires utilization of structured research to evaluate investment opportunities and monitor existing investment positions in the ABS portfolio. You will work closely with other members of the team and will report to the Corporate/Structured Research Team Leader. What you will be doing * Collaborate with traders and research staff in developing and implementing a strategy for existing holdings as well as new investments * Review holdings' performance information from Intex, Bloomberg and Servicer reports and compare to original expectations. Revise our internal ratings as necessary. * Follow up with trustees, servicers, special servicers, rating agencies and bankers to determine causes of performance weakness * Recommend buy/hold/sell designation on our holdings. Make supported recommendations and develop relative value view across other structured products and asset classes. * Perform impairment and other cash flow testing on the portfolio * Provide qualitative and quantitative analysis of securities identified for impairments and work with auditors to defend the outcome * Aid in updates on individual credit limits * Participate and speak in morning market meetings on meaningful events or trends in asset class * Participate in monthly credit reviews for structured finance asset classes and watch list discussions * Provide credit view to support new business initiatives What you bring * Bachelor's degree in Finance or related area(s) of study * 7+ years of experience in fixed income capital markets * Experience analyzing ABS risks with a focus on esoteric ABS * Experience automating surveillance tools and tracking reports * Self-starter who has passion for fixed income markets, is an independent thinker, and strong minded with focus on credit * Very strong verbal and written communication skills * Ability to prioritize multiple tasks in a fast-paced, changing environment * Strong Excel and Power Point Skills Nice to have * MBA or CFA * Experience working with analytical tools such as Trepp, Intex or BlackRock Solutions Employee Benefits & Well-Being Genworth employees make a difference in people's lives every day. We're committed to making a difference in our employees' lives. * Competitive Compensation & Total Rewards Incentives * Comprehensive Healthcare Coverage * Multiple 401(k) Savings Plan Options * Auto Enrollment in Employer-Directed Retirement Account Feature (100% employer-funded!) * Generous Paid Time Off - Including 12 Paid Holidays, Volunteer Time Off and Paid Family Leave * Disability, Life, and Long Term Care Insurance * Tuition Reimbursement, Student Loan Repayment and Training & Certification Support * Wellness support including gym membership reimbursement and Employee Assistance Program resources (work/life support, financial & legal management) * Caregiver and Mental Health Support Services ADDITIONAL * At this time, Genworth will not sponsor a new applicant for employment authorization for this position.