Securitization / Structured Finance / Structured Credit - let’s connect!
Work in this space (ABS) and see myself doing it forever. Would love to build a personal network with structurers & bankers in ABS/RMBS/CMBS.Comment below please!
Work in this space (ABS) and see myself doing it forever. Would love to build a personal network with structurers & bankers in ABS/RMBS/CMBS.Comment below please!
Career Resources
Comment
Bump
bump
ABS homies rise up
tryna break into this space. Bump
Bump. Great idea, structured products are slept on. I love the work I do and don’t see myself ever leaving the space tbh.
Foreal! Where do you currently sit in the space? Banking, structuring, investing etc
N Structured Pipeline go
Incoming structuring analyst - let's connect!
Bump - Structured credit and securitisation (Asia focused)!
Can I PM?
Sure
SF
Bump
Structured Finance Analyst here as well, happy to connect
can you explain exactly what it is that you do?
Financial Engineering across ABS products
Happy to connect (Associate)
What asset class (ABS, RMBS, CLO)?
PM please, would love to connect.
work in ER and my coverage invests heavily in rmbs/cmbs. Would be happy to connect.
Do you mind sharing asso comp, say at BB for your product? Thanks much!
150k base. Can't remember base, I think its probably around 25-40
SABS heating up!
How does one enter this space
Pretty consistent with the standard IB process (although your interview may be less technicals focused). Also really depends on where the group you're applying to sits (some fall under CB, others IBD on the markets side). DM if you have more questions.
Internship process is the main feeder. 90% of everyone I know on the trading floor has made it in through the internship. The only people I know who have not gone through this process are senior people who have been at the firm 20+ years where it was less common back then.
Comment. Happy to connect if anyone has basic questions (AN1).
Interested in the space, particularly Int (ex. US) market. Currently working with issuers on capital raising and M&A side but looking to transition to structuring side.
Anyone in structuring? Looking for insight on associate bonuses at borderline BBs/Mid tier banks (DB/RBC/WF)
RMBS side here - feel free to PM!
Keen to connect, based in South Africa as a Structured Finance Analyst for Ratings, cover RMBS, ABS, CLN's as well as Trade Receivables and Agri Loans
RMBS trading. Securitized products FTW!
New to the scene - Agency CMBS trading, production, and execution 🔥SASB. How do I tap in?
hey! can i pm you?
my dudes at cs i feel bad for you ; /
Just wondering but how are structured finance groups at a credit rating agency perceived within this space?
Is it easy to go from structured finance at a credit rating agency to structured groups at banks. 
Have an interview with a big 3 ratings agency so seeing if worth to do it.
Alot of bankers/structurers came from the Rating Agencies or Big 4 Capital Market divisions that tie out the deal docs/numbers. Yea it's basically a back door into IB if you didn't get in direct out of school.
This is what I did after a few years. Came on as an associate and didn’t “lose” any years by not being at a bank to start. Can probably see myself in structured products space for my career
I did this too, but it is definitely not an easy backdoor. I think it also depends which agency you work at. For most asset classes, I think Kroll will give you the best exits. They use intex, build cash-flows, and rate all sorts of crazy stuff. One thing is for certain, hours at many SFG groups at rating agencies are bad. Pray you have some sort of work-life balance. I can comment on Moody's, where work life balance is piss poor at SFG. Lately, there's been a lot of turnover at Moody's SFG groups, not too many smart people are left to learn from, and everything is starting to get automated, which means you have few transferable skills. If you're interviewing at Moody's, CLO should be number 1 (they actually have a training program and really experienced people, + transferable skills), 2 esoterics because it's mostly filled with smart people and you get to see weird asset classes but you don't become a master of them and your skillset is limited (By that I mean using a model to calculate something vs a banker that creates cash-flows from scratch.)
RMBS PM
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What's a good way to learn the modelling required in this space? I come from an Economics background, so whilst I am very good at running you some econometric regression, I have no idea how to model a waterfall or whether a capital structure passes rating agency methodology hahahaha
Happy to chat too
VP ABS Banker lets chat
Rotating into the securitisation as a structurer from a non securitisation role so was wondering if any of the structurers had any material/ sites where I can learn more about pricing and modelling I can learn about.
Tried to search about pricing securitised products but couldn't find anything.
Any help on good books/sites on learning models/pricing equations etc that is related for a structurer would be appreciated!
http://www.untag-smd.ac.id/files/Perpustakaan_Digital_1/FINANCE%20Model…
This was v helpful for me to pick up the basics. Step by step guide to modelling and understanding how the cash flows work in securitization.
Have experience as a service provider (AUP, model tie out, etc.,). Would like to understand more about the structuring side and more than happy to connect.
PM me. I did this for 3 years and now on a structuring desk
Incoming Structured Credit Analyst at Euro BB :) May I get added?
Would love to get added. RMBS trader at AM
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Interesting in connecting. Senior associate formerly in RMBS, doing esoteric now.
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Bump
How can one learn how to model ABS or CDO/CLO?
This book was a good starting point for me. A step by step guide on how to create a repline model in excel.
http://www.untag-smd.ac.id/files/Perpustakaan_Dig…
CLO here. Happy to connect. Don’t hesitate to reach out.
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