I have an interview for the below/CMBS in the investments group of a major insurance company. I am trying to figure out if this is a more substantial position than a strictly buy-side trading execution job. Any thoughts would be greatly appreciated:
Large Insurance Co is looking to hire an ABS / CMBS Associate for its trading desk that will deepen its existing structured finance platform. The primary objectives of this role will be (a) Provide analysis for potential ABS and CMBS purchases (b) Perform surveillance and risk management on the existing portfolio. (c) Execute trading responsibilities when warranted.
* Run monthly analytics and models to assess current and future portfolio risks.
* Provide support and recommendations to our various investments counterparties including Capital Markets, Securities unit.
* Run and analyze potential new purchases. Opine on credit, structure and pricing levels that meet objectives.
* Assist in month end reporting including performance trends, comparative analysis, potential sales candidates and aggregation of industry data.
* Prepare requested reports and information for our QFS.
* Participate in the review and evaluation of new issue deals and structures.
* Develop risk measures for evaluating the company's concentration by product and market.
* Portfolio modeling, scenario analysis, risk measurement and optimization.
The qualified candidate will have:
* 1-2 years of fixed income Investments experience. *Preferably Structured Finance exp.
* Working knowledge of the securitized market is preferred. Strong quantitative, excel and accounting skills are essential.
* Ability to work independently and in a team environment.
* Candidate must exhibit strong interpersonal and communication skills.
* An MBA and/or CFA designation is preferred.