Analyst-CMBS recruitment
The Department / Team
The EMEA Structured Finance Group reviews a wide range of complex and innovative products, including mortgage and asset backed securities, collateralised bond obligations, credit derivatives and asset backed commercial paper and repackaged bond transactions.
The EMEA Structured Finance Group is segregated into six main areas:
1. ABS – Asset Backed Securities
2. ABCP – Asset Backed Commercial Paper
3. Derivatives – Collateralised Debt Obligations Repackaging Programmes
4. MBS – (Residential) Mortgage Backed Securities
5. CMBS – Commercial Mortgage Backed Securities Property Related Operating Deals
6. Covered Bonds
We require individuals who are able to lead our analysis of specific transactions and to further our rating methodologies in this rapidly growing market. Candidates must have the ability to assess complex and innovative securitisation structures across all major European markets (also within new markets such Eastern Europe, Russia and Middle East) and be comfortable in conducting operational reviews of issuers and interact with market participants at all levels.
The Role / Responsibilities:
We are seeking an Analyst to join the CMBS Team. The successful candidate will manage a portfolio of securitisation transactions backed by Commercial Real Estate across Europe.
The analyst will be responsible for a portfolio of existing transactions and will over time be involved in larger monitoring projects as well as rating new transactions. This role is ideal for candidates seeking hands on deal related experience, the responsibility to form a view on all credit aspects of structures.
Analysts also take part in our effort to reach out to the various participants of the securitisation market by publishing external reports.
Responsibilities:
- Monitoring the performance of previously rated transactions
- Close cooperation with external market participants including investment banks, originators, law firms and investors
- Rating analysis of EMEA transactions. This involves some collateral analysis, cash flow modelling and legal documentation review.
- Preparing and publishing articles on relevant topics to aid in communicating Moody’s methodologies to other market participants
Qualifications:
Experience
- Proven experience within a financial institution, audit, legal or consulting firm. Experience on CMBS analysis..
- Credit skills and logical analytical thought process, especially in the commercial real estate sector..
- Exposure to cash flow and financial models.
- Good understanding of financial markets.
Qualifications
- Strong academic background degree in a Mathematical, Economic, Legal or Business subject.
- Relevant professional qualification (eg CFA) would be desirable.
Key Skills – Technical
- Proven analytical capacity. Well developed IT skills including Excel.
Key Skills – Non Technical
- Strong interpersonal and communication, skills
- Highest ethical standards.
- Professional, pro-active, flexible, diligent and dependable.
- Ability to build strong professional relationships at all levels and represent the Moody’s brand effectively at senior level.
- Ability to work on own initiative, without the need for close supervision.
- Highly organised and efficient, with ability to multi-task and able to meet tight deadlines.
- Sound judgement – capable of developing independent opinion and defending own views.
- Good written and verbal communication skills.
Languages
- Fluent in English essential and additional European languages highly beneficial.
EEO
Moody’s is an equal opportunity employer.
Securities and Trading Policy
Candidates receiving an offer to join Moody’s Investors Service or Moody’s Shared Services shall be required to disclose their securities holdings and those of their family members as defined by Moody’s Policy for Securities Trading. Such holdings will be reviewed by the hiring manager during the offer process to identify any potential conflicts of interest. Moody’s Human Resources department shall inform the prospective employee of any potential conflicts and remediation actions required. Any formal offer of employment is contingent upon the Candidate’s agreement to comply, in advance of employment, with remediation requirements identified by Moody’s.