Securitized Product Evaluator

Posted:
10/6/2024, 3:30:37 PM

Location(s):
New York, United States ⋅ New York, New York, United States

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Business & Strategy

About the Role:

Grade Level (for internal use):

08

About the Role:

The Team:

S&P Global Securitized Products Pricing group provides independent evaluated pricing across Non-agency RMBS, Agency CMOs, Agency Pass-throughs, Consumer ABS, CMBS, European ABS, CDOs and CLOs. S&P Global services are used by key financial institutions to help them optimize their price verification, audit, and risk management processes. The group is based in New York with teams in London and Noida, India.


Responsibilities and Impact:

Evaluate Securitized Products: Conduct daily pricing and evaluation of Collateralized Loan Obligations (CLOs) and potentially expand coverage to other sectors such as mortgage-backed securities (MBS) and asset-backed securities (ABS).

Model Development and Enhancement: Collaborate with quantitative teams to develop and enhance pricing models, ensuring they reflect market conditions accurately and are updated regularly for better predictive accuracy.

Automation and Process Improvement: Lead initiatives to streamline evaluation processes through automation, with a focus on improving accuracy, efficiency, and scalability. This will include automating data ingestion, pricing workflows, and report generation.

Quality Control: Implement quality assurance practices to ensure the accuracy of pricing, reducing errors and maintaining high standards for all evaluation outputs.

Market Research and Analysis: Stay up-to-date with market trends, changes in securitized products, and fixed-income markets, ensuring pricing models reflect current and emerging market conditions.

Stakeholder Collaboration: Engage with internal teams (business analysts, development, etc.) and external clients to understand needs, improve product offerings, and ensure pricing models meet stakeholder expectations.

Cross-Product Involvement: Over time, take on evaluation responsibilities across other Securitized Products sectors, including Corporate and Municipal bonds, Credit Default Swaps (CDS), and Syndicated Loans.

Impact:

Business Efficiency: Drive significant improvements in pricing workflows through automation, reducing manual efforts and speeding up the overall process.

Model Accuracy and Innovation: Enhance the quality and reliability of pricing models, leading to more accurate valuations and better risk assessment. This innovation will help position the business as a leader in the Securitized Products market.

Client Satisfaction: Ensure high-quality pricing and evaluation outputs, boosting trust with internal teams and external clients.

Broader Market Influence: Expand coverage beyond CLOs into other sectors of the Securitized Products market, contributing to the growth and diversification of the business's market influence.

Compensation/Benefits Information: (This section is only applicable to US candidates)

S&P Global states that the anticipated base salary range for this position is $48,508.00 to $82,402.00. Final base salary for this role will be based on the individual’s geographic location, as well as experience level, skill set, training, licenses and certifications.

In addition to base compensation, this role is eligible for an annual incentive plan.

This role is eligible to receive additional S&P Global benefits. For more information on the benefits we provide to our employees, please click here.

What We’re Looking For:

Basic Required Qualifications:

  • Heavy lifting on the client challenge front.   
  • Utilize market color and information from S&P Parsing to better our pricing offering and accurately reflect changes in the market by editing assumptions and refining inputs.
  • Adjust daily pricing assumptions to reflect security performance in current market conditions.
  • Evaluate and generate cash flows and prices of Agency Pools on a daily basis using internal and industry tools.
  • Conceptualize changes to workflow process including challenges and pricing to enhance quality and improve efficiency.
  • Work with the development team to build out and improve daily processes and enhance internal systems.
  • Automate processes, design reports and write querying logic to provide insight, transparency and efficiency to the valuations business.
  • Assess relative value for securities by analyzing collateral market trends, prepayments, defaults, severity, variability in bond cashflows, and comparisons with other markets.
  • Handle customer queries on pricing, methodology and other related matters.  Client relationship building will be key.  Enhanced engagement across all client touch points.
  • Work within Securitized Products and the broader organization to effect change and identify opportunities to grow the business. (Special focus on Sales and Bus Dev) 

Additional Preferred Qualifications:

  • University Degree (minimum Bachelor) in Financial Engineering / Finance / Economics / Mathematics / Computer Science
  • 1-3 years’ experience within securitized products strongly preferred
  • Understanding of financial markets, knowledge of and exposure to Fixed Income products
  • Proven analytical, problem-solving, and quantitative skills.
  • Ability to work under pressure and to meet tight deadlines.
  • Must be proficient in Excel.
  • Knowledge of SQL, VBA, and other programming languages advantageous
  • Strong interpersonal skills to interact professionally with teams, senior members of the organization and clients.

Right to Work Requirements:

This role is limited to persons with indefinite right to work in the United States.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, a division of S&P Global we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.

For more information, visit www.spglobal.com/marketintelligence
.

What’s In It For You?

Our Purpose:

Progress is not a self-starter. It requires a catalyst to be set in motion. Information, imagination, people, technology–the right combination can unlock possibility and change the world.

Our world is in transition and getting more complex by the day. We push past expected observations and seek out new levels of understanding so that we can help companies, governments and individuals make an impact on tomorrow. At S&P Global we transform data into Essential Intelligence®, pinpointing risks and opening possibilities. We Accelerate Progress.


Our People:

We're more than 35,000 strong worldwide—so we're able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.

From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it. We are changing the way people see things and empowering them to make an impact on the world we live in. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. We’re constantly seeking new solutions that have progress in mind. Join us and help create the critical insights that truly make a difference.

Our Values:
 

Integrity, Discovery, Partnership


At S&P Global, we focus on Powering Global Markets. Throughout our history, the world's leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.

Benefits:

We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.

Our benefits include: 

  • Health & Wellness: Health care coverage designed for the mind and body.

  • Flexible Downtime: Generous time off helps keep you energized for your time on.

  • Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.

  • Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.

  • Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families.

  • Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.

For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries

Diversity, Equity, and Inclusion at S&P Global:
At S&P Global, we believe diversity fuels creative insights, equity unlocks opportunity, and inclusion drives growth and innovation – Powering Global Markets. Our commitment centers on our global workforce, ensuring that our people are empowered to bring their whole selves to work. It doesn’t stop there, we strive to better reflect and serve the communities in which we live and work, and advocate for greater opportunity for all.
 

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Equal Opportunity Employer

S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law.  Only electronic job submissions will be considered for employment.  

 

If you need an accommodation during the application process due to a disability, please send an email to: [email protected] and your request will be forwarded to the appropriate person.  
 
US Candidates Only:  The EEO is the Law Poster http://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdfdescribes discrimination protections under federal law. 

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PDMGDV203 - Entry Professional (EEO Job Group)

S&P Global

Website: https://spglobal.com/

Headquarter Location: New York, New York, United States

Employee Count: 10001+

Year Founded: 1860

IPO Status: Public

Last Funding Type: Post-IPO Debt

Industries: Analytics ⋅ Business Intelligence ⋅ Credit ⋅ Enterprise Software ⋅ Finance ⋅ Financial Services ⋅ Information Services ⋅ Market Research