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RMBS Portfolio Specialist at Putnam

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Updated: September 14, 2017
Location: Boston, MA
Job Function: Investment Management

Posting Description

RMBS PORTFOLIO SPECIALIST - Position in Boston, MA.  A company engaged in investment management for retail and institutional clients in North America, Europe and Asia, has an immediate need for a RMBS Portfolio Specialist at its office in Boston, Massachusetts.  This highly technical financial analyst position is responsible for customized investment research and portfolio management in the residential mortgage backed securities (RMBS) sector. The position is also responsible for developing quantitative models to assess diversifiable and idiosyncratic risks to forecast prepayment, default and loan modification related risks on residential loans.  Minimum education required is a Master’s (or academic equivalent) in Business Administration, Finance, Financial Analytics, Economics, or other job-relevant major.  Minimum experience required is at least five (5) years analyzing residential mortgage data and building quantitative and cash flow models using borrower-level information and macroeconomic factors.  Specifically, required is the demonstrated ability to:  apply empirical methodologies and modeling techniques with risk and value decision authority in legacy RMBS, RMBS 2.0 and residential whole loan asset classes; analyze large scale loan level datasets using SAS, MATLAB, IntexCalc, Intex API, and C to develop and maintain cash flow models to evaluate credit risk transfer securities; re-underwrite non-performing loans by using borrower’s updated credit and property level information; perform residential loan “servicer” due diligence to rank capability to provide best RMBS sector servicing practices; and track the home prices across different MSAs in US and maintain the model to forecast property values.  Competitive salary together with fifteen (15) days paid vacation, contributory medical and life insurances, and other industry-competitive benefits. (8:30am-5pm/Mon-Fri).  Qualified Principals apply online at: for Job Reference # 121872 Putnam Investment Management LLC., One Post Office Square, Boston, MA 02109.  This position is eligible for Putnam’s Employee Referral Program. 

At Putnam we are committed to a diverse workforce and take positive steps to ensure equal opportunity in our recruitment process. We also undertake to hire, develop and retain the most talented individuals by valuing the varied skills that you bring.