Experienced RMBS Credit Analyst (Req ID 76003)

Role Summary:

The position will be responsible for analyzing and developing credit opinions on securitized transactions in the RMBS market.  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.

Responsibilities:

• Analyze and evaluate investment opportunities in the securitized products universe.
• 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.
• Analyze the fundamentals in covered sectors, including underwriting standards, prepayment and default forecasting, collateral market trends, macro developments and their impact on securitized credit securities.
• 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 securitized products.  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
• 5+ years of direct investment experience in RMBS
• Experience developing and maintaining reports and data
• 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

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