Our client, a leading global insurance company, is seeking a Structured Credit Portfolio Analyst to join their team in Dublin. The successful candidate will be responsible for underwriting loan portfolio transactions, particularly synthetic securitization transactions under the Basel III framework, as well as analyzing structured credit portfolio transactions and preparing credit memos as a basis for investment decision-making.
- Underwrite credit portfolio transactions and contribute to the development of the structured credit business.
- Conduct risk assessments of collateral pools and transaction structures as part of a deal team, focusing on analyzing the underlying portfolio, cash flow modeling, stress testing, and scenario analysis.
- Perform due diligence of banks and financial institutions regarding their processes and market position in relevant product categories, particularly with respect to underwriting, servicing, and risk models.
- Produce high-quality credit memos for structured credit portfolio transactions, including a clear recommendation for approval committees.
- Monitor structured credit portfolio transactions, analyze portfolio performance, update stress analysis, and report findings.
- Build and maintain relationships with banks, servicers, modeling/rating companies, and other stakeholders for the business.
- Stay up to date with relevant regulatory developments, represent the company at conferences, and participate in consultation activities and roundtables regarding such business.
- Develop, calibrate, and maintain relevant external vendor and internal modeling/pricing tools and deal monitoring infrastructure for structured portfolio and cash flow-based products.
- A post-graduate degree in Economics, Mathematics, Actuarial Science, Statistics, Physics, or a similar field.
- Several years of professional experience assessing loan pools, analyzing structured credit transactions, and designing cashflow waterfall structures at a rating agency and/or bank.
- Good knowledge of fixed income and structured products (ABS, RMBS, CLO (SME)) and experience with structured credit portfolio risk transfer products.
- Experience with retail credit asset classes (residential mortgage, auto loans) and related risk models for consumer credit risk.
- Knowledge of banking regulation, especially with respect to the capital relief effect of credit risk mitigation and structured portfolio transactions (based on the Basel III securitization framework) is desirable.
- Experience with due diligence of banks with respect to retail loan portfolios is desirable.