T Rowe Price Group, Inc
Securitized Products Credit Analyst
T Rowe Price Group, Inc, Baltimore, MD
There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.
PRIMARY PURPOSE OF THE POSITION
The position will be responsible for analyzing and developing credit opinions on securitized transactions, with a primary focus on Asset-Backed (ABS) and Residential Mortgage-Backed Securities (RMBS). The position will require analysis of financial, consumer and property market fundamentals, security level cash flows, ongoing security surveillance, the assignment of credit ratings, and trade recommendations that benefit T. Rowe Price portfolios. The analyst will be an integral part of the Securitized Products team at T. Rowe Price.
PRINCIPAL RESPONSIBILITIES
1. Analyze and evaluate investment opportunities across the ABS and RMBS universe.
2. Analyze and recommend potential purchases and sales of securitized products securities to enhance portfolio performance. Conduct fundamental sector, market and security analysis, and combine relative value and strategy considerations in sector and security recommendations.
3. Analyze fundamental market developments in the residential real estate and mortgage lending markets, including underwriting standards, mortgage prepayment and default forecasting, property market trends, and their impact on security and sector performance. Also analyze developments in consumer finance and lending markets, such as automotive finance, credit cards, whole business finance and student lending.
4. Communicate and collaborate with various internal and external parties to develop well-researched, sound investment recommendations and sector theses. This position will interact most directly with internal peers who also cover ABS and RMBS. The role will also interact with Rating Agency analysts, external sector experts, T. Rowe Price Portfolio Managers, Equity and Credit analysts, and Quantitative analysts, among others.
QUALIFICATIONS
Required
Preferred
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for remote work up to one day week.
Commitment to Diversity, Equity, and Inclusion:
We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.
Benefits: We invest in our people through a wide range of programs and benefits, including:
Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates' well-being and addressing the needs of our clients, business, and communities is unwavering.
T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.
PRIMARY PURPOSE OF THE POSITION
The position will be responsible for analyzing and developing credit opinions on securitized transactions, with a primary focus on Asset-Backed (ABS) and Residential Mortgage-Backed Securities (RMBS). The position will require analysis of financial, consumer and property market fundamentals, security level cash flows, ongoing security surveillance, the assignment of credit ratings, and trade recommendations that benefit T. Rowe Price portfolios. The analyst will be an integral part of the Securitized Products team at T. Rowe Price.
PRINCIPAL RESPONSIBILITIES
1. Analyze and evaluate investment opportunities across the ABS and RMBS universe.
2. Analyze and recommend potential purchases and sales of securitized products securities to enhance portfolio performance. Conduct fundamental sector, market and security analysis, and combine relative value and strategy considerations in sector and security recommendations.
3. Analyze fundamental market developments in the residential real estate and mortgage lending markets, including underwriting standards, mortgage prepayment and default forecasting, property market trends, and their impact on security and sector performance. Also analyze developments in consumer finance and lending markets, such as automotive finance, credit cards, whole business finance and student lending.
4. Communicate and collaborate with various internal and external parties to develop well-researched, sound investment recommendations and sector theses. This position will interact most directly with internal peers who also cover ABS and RMBS. The role will also interact with Rating Agency analysts, external sector experts, T. Rowe Price Portfolio Managers, Equity and Credit analysts, and Quantitative analysts, among others.
QUALIFICATIONS
Required
- College degree
- Three + years of direct investment experience
- At least one year of securitized experience
- Experience developing and maintaining reports and data
- Basic understanding of financial accounting, derivatives markets and computer skills
- Experience using Intex and Bloomberg
- Strong written and oral communication skills
- Strong decision-making and risk management background
- Strong analytical skills
- Collaborative, inquisitive and detail-oriented personality
Preferred
- Knowledge of other securitized credit sectors
- Advanced business degree is a plus
- Chartered Financial Analyst designation strongly preferred
- Direct experience with ABS and/or RMBS products
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for remote work up to one day week.
Commitment to Diversity, Equity, and Inclusion:
We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.
Benefits: We invest in our people through a wide range of programs and benefits, including:
- Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions
- Flexible and remote work opportunities
- Health care benefits (medical, dental, vision)
- Tuition assistance
- Wellness programs (fitness reimbursement, Employee Assistance Program)
Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates' well-being and addressing the needs of our clients, business, and communities is unwavering.
T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.