Collateral Analyst=FO?

So I got this job description for a collateral analyst position at BB from a headhunter and I was told this is a FO job. But after reading the des I feel like this is more like ops. Can anyone familiar with this position provide some insights?

"As a Collateral Analyst you will be a member of a team responsible for receiving, loading and analyzing data necessary to support trading and advisory businesses. This position offers a unique opportunity to be involved in a growing business and gain first hand experience with the purchase, sale and securitization of assets such as residential mortgages, distressed residential mortgages, home equity loans, auto loans, student loans, and commercial real estate loans. As a member of the team you will play a critical role by maintaining essential data and providing the necessary reporting to clients, rating agencies, accountants, internal team members and management. This position requires a candidate who can be responsive under demanding circumstances and is willing to work long hours."

Thanks!

 
Best Response

As those above have said its definitely BO. When we do MM/mezz debt and There's a pro-rata or ABL revolver tranchewith the borrowing base, we and the rest of the lending group will get emails from collateral analysts who are basically doing aging on receivables, inventory turn analysis, etc.

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wouldn't this role be considered FO/MO in the AM arm of the BB?

I say this bc structured products aren't traded often (aside from agency and non-agency MBS). And, these collateral analyst positions are usually on the buyside because AMs want to know what they're going to hold (since they usually buy and hold these products).

also, the description says the analysis will help with the trading and advisory of these products - I take this to mean there will be a close relationship with the FO. The MO aspect of this role, IMO, is the reporting function to everyone else.

 

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