Cashflow Modeling Associate

Role Profile

The Yield Bookâ is a premier fixed income analytical system currently used by 82 of the top 100 fixed income money managers in the U.S. and other top-tier broker dealers’ sales, trading and research professionals. Institutional portfolio managers – investment advisors, insurance companies, banks and hedge funds – value The Yield Bookâ for the fast and broad access it provides to financial models, analytical tools and high-speed computation capabilities

A subsidiary of LSEG, The Yield Book Inc product line includes The Yield Book, the Fixed Income Indices, and the Yield Book Excel Add-in, API and Calculator.

For more information please visit www.yieldbook.com

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Responsibilities

The Yield Book team in Buffalo, NY is looking to hire a cashflow modelling associate to model Residential Mortgage Backed Securities (RMBS, agency and non-agency) and Asset Backed Securities (ABS). We are looking for someone who is motivated and driven. Strong analytical background is needed for the job.  Willingness to learn is highly important for this position

• Cash flow modelling of mortgage-backed and asset-backed securities using in-house proprietary software tools, interpreting deal legal documents to create a structured C++ based model
• Model structured products such as US and non-US issuance deals of various asset types including but not limited to mortgages, student loans, credit cards, auto, and equipment loans.
• Work on various ad-hoc projects when needed.
• Assist with maintenance of modeled securities for current payments and collateral updates.
• Perform quality assurance checks on database of modeled securities.
• Oral and written communication with trustees, underwriters and servicers

Skills

• Strong analytical and problem solving skills.
• Previous knowledge of mortgage backed securities is preferred but not essential.
• Experience with Python or C++ preferred
• Candidates should be detail-orientated, energetic and exhibit a high degree of accuracy in their work.
• Must have strong computer skills and knowledge of basic accounting. Familiarity with computer programming and fixed income securities is a plus

Academic Background

• Graduate level degree in Finance, or related quantitative field
• OR similar Bachelor’s degree, plus 3 to 4 years related experience will be considered as well

Compensation/Benefits Information:

LSEG is committed to offering competitive Compensation and Benefits. The anticipated base salary for this position is $80,700 - $134,700.

Please be aware base salary ranges may vary by geographic location, city and state. In addition to our offered base salary, this role is eligible for our Annual Incentive Plan (AIP/”bonus plan”). Target AIP rates will be commensurate with role level and posted career stage. Individual salary will be reflective of job related knowledge, skills and equivalent experience. LSEG roles (excluding internships and part-time roles of less than 20 hours per week) are typically eligible for inclusion in our LSEG Benefits program, which includes offerings of: Annual Wellness Allowance, Paid time-off, Medical, Dental, Vision, Flex Spending & Health Savings Options, Prescription Drug plan, 401(K) Savings Plan and Company match. LSEG’s Benefits plan also includes basic life insurance, disability benefits, emergency backup dependent care, adoption assistance commuter assistance etc.

Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.

LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.

Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.