RMBS Associate
US$100,000 – US$150,000 / yr base salary
Posted 13 Oct 2026
Advertised as “RMBS - Associate / Associate Director (NY/Chicago)”
BranchFactor Summary
The original posting with the fluff stripped out
- Expected experience
- 3+ yrs
- Management level
- People management
- Employment
- Hybrid
- Contract
- Full-time
| Base salary | US$100,000 – US$150,000 / yr |
|---|
CertificationsMaster of Business Administration, Cfa
Position Title: RMBS - Associate / Associate Director (NY/Chicago)
Entity: Kroll Bond Rating Agency, LLC
Employment Type: Full-time
Location: New York, New York or Chicago, Illinois
Summary/Overview**:**
KBRA (Kroll Bond Rating Agency) is seeking an Associate Director to join our Residential Mortgage-Backed Security (RMBS) team in the New York, NY or Chicago, Illinois office. The ideal candidate will have experience in RMBS 2.0 sectors such as Prime, Non-QM, and second-lien loans. Associate Directors on the RMBS team hold key roles engaging in all aspects of the rating process, which includes conducting collateral and cash flow analysis as well as preparing reports for publication.
About the Team:
Our RMBS team has issued ratings on securities from over 950 transactions spanning across Prime, Non-QM, GSE CRT, Reverse Mortgage, 2nd Liens, RPLs and more. Our primary objective is to issue high quality credit ratings and maintain them in a timely manner. This objective involves conducting asset credit risk analysis; liability structure scenario analysis; and publishing our viewpoints based on these analyses and our research. We pride ourselves on the quality, accuracy, timeliness, and consistency of our product.
About the Job:
- Serve as lead analyst interacting with clients, structuring banks and investors on transactions.
- Conduct loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
- Prepare/facilitate the preparation of credit memos and present transactions to rating committees.
- Prepare presale and new issue reports.
- Support surveillance efforts for existing transactions.
- Attend and participate in seller/servicer due diligence, investor discussions, or industry events (which may require travel).
- Mentor and foster the development of junior analysts, as necessary.
You will be successful in this role if you have:
- B.A./B.S. degree required; MBA or CFA are a plus.
- 3+ years of relevant Residential Real Estate, Rating Agency, or RMBS experience strongly preferred. Will consider candidates with compelling experience across ABS asset classes.
- Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of bond cash flows.
- Intermediate to advanced Excel skills (Excel test may be administered as part of the interview process).