The Structured Products market makes up nearly $10 trillion of US public and private bond market debt. Banks use financial engineering to transform a variety of assets, such as residential and commercial mortgages, auto and student loans, and credit card debt, into securities that are structured to meet nearly any investor appetite.
We are responsible for creating and maintaining a large library of cash flow models and data for these securities. Cash flow models are required, along with prepayment and credit assumptions, in order to price these securities accurately. You will be creating cash flow models primarily for the Collateralized Loan Obligations (CLO) asset sector with the potential to cover other asset sectors including Agency Collateralized Mortgage Obligations (CMO), Residential Mortgage Backed Securities (RMBS), Commercial Mortgage Backed Securities (CMBS) and various Asset Backed Securities (ABS, Credit Card, Auto, SLABS). You will also be developing groundbreaking tools to improve the accuracy and coverage of our product as well as to improve the efficiency and quality of supporting processes. We are working on multiple projects to increase our deal coverage whilst building the infrastructure necessary to help us meet our goal of providing cash flows and advanced analytics for all varieties of structured products. As part of our team, your contributions will be crucial to the development and growth of our product. You will be asked to work closely with our software developers and product partners to ensure our product's capabilities and offerings are world class in order to meet the requirements of our clients, which include groups within Bloomberg, our core terminal customers, and our enterprise services subscribers.
We'll trust you to:
Reverse engineer and manage a large library of CLO cash flow models in a python-based platform that are crucial to portfolio managers and traders
Communicate with lead managers and other clients to properly create, update, and validate cash flow models based on offering documents and periodic reports
Collaborate with our developers to design and implement internal system tools, test validations automated product reports, and workflows solutions
Partner with product managers in understanding clients' workflows to further develop the cash flow model engine, expand CLO coverage, and enhance the overall
Proactively lead initiatives by driving definition of requirements, project estimations, sprint scheduling, risk mitigation and tactical deployment
You'll need to have:
4+ years professional experience in cash flow modeling, data driven analytical work, or programming
Strong communication, attention to detail, analytical and problem-solving skills
Ability to take on detailed assignments in a fast-paced environment
Familiarity with computer programming languages and concepts, such as data modeling/structures, algorithms, and object-oriented design
Commitment to enhancing our full suite of CLO product offerings
A BA/BS degree (or higher) in a STEM field, and/or an equivalent combination of education, and/or related professional experience
We'd love to see:
Knowledge or experience in CLOs, other Structured Products, such as RMBS, ABS, or CMBS, or Fixed Income
Experience with Python, Unix, JIRA
Knowledge of statistics and advanced data management practices
Does this sound like you? Apply if you think we're a good match! We'll get in touch to let you know what the next steps are.
Bloomberg is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of age, ancestry, color, gender identity or expression, genetic predisposition or carrier status, marital status, national or ethnic origin, race, religion or belief, sex, sexual orientation, sexual and other reproductive health decisions, parental or caring status, physical or mental disability, protected veteran status, status as a victim of domestic violence, or any other classification protected by applicable law.
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Salary Range: 110,000 - 170,000 USD Annually + Benefits + Bonus The referenced salary range is based on the Company's good faith belief at the time of posting. Actual compensation may vary based on factors such as geographic location, work experience, market conditions, education/training and skill level. We offer one of the most comprehensive and generous benefits plans available and offer a range of total rewards that may include merit increases, incentive compensation [Exempt roles only], paid holidays, paid time off, medical, dental, vision, short and long term disability benefits, 401(k) +match, life insurance, and various wellness programs, among others. The Company does not provide benefits directly to contingent workers/contractors and interns.