Investment Associate, Whole Loan Trader

Overview

ABOUT US:

Founded in 1993, Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

The following job functions are not all-inclusive. The employee will be required to perform other job-related tasks/responsibilities as requested. Job duties may change as required by needs of company.

The Investment Associate, Opportunistic Resi will be responsible for assisting the firm's investments in opportunistic resi space, including but not limited to:

• Triage new investment opportunities in the opportunistic resi space
• Support the underwriting process of new investment opportunities; this includes:
• Developing cash flow models
• Understanding and refining performance modeling plus the fundamental drivers of performance
• Leveraging in-house built models and applying appropriate calibrations to model performance expectations
• Comparing and contrasting performance expectations to empirical evidence drawn from private and public information
• Developing and optimizing a capital structure (levering structural features such as IOs/POs) for the potential investment opportunity and allocation to a Bayview-managed fund
• Create financial / cash flow models for determining unlevered and levered returns under various structures
• Assess portfolio performance relative to expectations
• Understand market participants, technical price patterns, and alternative return strategies
• Take initiative and drive tasks forward
• Develop investment and cash flow models
• Assess investment opportunity variants and determine the optimal pricing protocols
• Present recommendations on the pricing and of investment opportunities to senior investment professionals
• Price various forms of credit risk using proprietary models
• Measure the performance of investments made relative to original underwriting
• Take initiative and drive tasks forward
  
  

SKILLS/KNOWLEDGE/ABILITIES:

• Cash flow modeling skills
• Understanding of fixed income
• Organized with processing and coordinating information on deals
• Ability to methodically solve problems and quantify solutions
• Experience working in a result-oriented environment with multiple competing deadlines
• Demonstrated commitment towards achieving career growth and deepening knowledge base
• Exemplary work ethic
• Strong communication and presentation skills that can tailor to both technical and non-technical audiences
• Strong PC skills required, including extensive experience with spreadsheets
• Strong analytical skills and strict attention to detail
• Ability to prioritize several tasks at one time and meet tight deadlines
• Knowledge of financial concepts including but not limited to financial statements, fixed income investments, credit risk, swaps and other derivatives
• Self-driven
  
  

EDUCATION and EXPERIENCE:

• Undergraduate degree or higher from a top finance and/or STEM program
• 3-5 years of work experience in mortgage or ABS investments that emphasize quantitative methods and structuring
  
  

LOCATION & COMPENSATION: 

• This role will be an onsite position based in Bayview’s New York, NY office.
• Base compensation is expected to be $150-170k, with opportunity for incentive compensation including a performance-based bonus.
  
  

EEOC

Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.