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Analyst/Associate: Agency MBS Research

New York, New York

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Objective:

+ To assist senior research analysts in weekly publication – idea generation, writing and analysis. To similarly assist in presentation of client materials.

+ To become the go to person for internal and external data requests- prepayment history, issuance, origination, demand

+ To develop or further enhance subject matter expertise within Agency MBS

+ To improve data collection and automation, enhance existing processes

Responsibilities:

+ Process large datasets (collecting, aggregating, cleaning, analyzing) and interpret the aggregated data analysis results. Analyst should be able to spot idiosyncrasies and intuitive/nonintuitive trends which will then become the basis for more regular trade ideas.

+ Run statistical measures to interpret significance of said trends.

+ Summarize data findings and begin writing for the weekly Agency MBS flagship publication (distributable to clients). Comment on emerging trends and market developments. Analyst will develop a strong writing style and financial literacy.

+ Develop marketing presentations to be used in client meetings and conferences. Analyst will develop strong knowledge of PowerPoint and presentation skills, but beginner knowledge of PPT and excel charting would be helpful.

+ Automate existing processes (data collection, sorting, charting) and develop regular reports on topics such as CMO take out, TBA float, MBS Attribution.

+ Conduct regular dialogue with the trading desk to relay market color and build an understanding of different sectors and their respective markets (TBAs, Specified Pools, CMOs, Derivatives)

+ Work with monthly prepayment related data flow, from fourth business day release of information from the issuing agencies, to production of monthly prepayment commentary, outlook and chartbooks. Python skills required to clean, join, analyze and chart large data sets.

+ Analyze and use models to forecast and write reports on gross mortgage origination trends.

+ Perform ad hoc requests for the trading desk: data collection, model runs, basic forecasting.

+ Work with other members in Securitized Products Strategy and Rates strategy to develop more cohesive cross-asset views

+ Develop relationships at the analyst level with clients, traders, salespeople and other members of research.

Requirements:

+ 0-3 years working in Agency MBS or Rates Fixed Income

+ Strong Excel and SQL skills required, Python a plus

+ Familiarity with Bloomberg, YieldBook, prepayment modelling a plus

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.