Whippany, NJ, 07981, USA
1 day ago
MIM - Associate - Residential Credit
Role Value Proposition: Based in Whippany, New Jersey, MetLife Investment Management ("MIM") is one of the largest institutional investors and asset managers in the world, with approximately $600 billion in combined managed assets. MIM has been ranked a "Best Places to Work in Money Management" by Pensions & Investments for four consecutive years and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 850 dedicated professionals with experience and expertise in all asset classes, with a strength in public and private fixed income and private assets, including private equity and real estate. Visit us at www.metlife.com/investments to learn more. The Investment Associate, Residential Credit will be responsible for portfolio oversight of MIM’s residential investments. Broad-scale responsibilities will be split between asset value maximization, servicer oversight, process improvement/automation, and detail-oriented trade support. Key Responsibilities: * Proactive oversight of Mortgage Servicing Vendors with the goals of: * Growing/strengthening relationships, * Solving cash or data-related problems as they arise, * Probing for operational improvements on the servicing of our portfolio, and primarily * Maximizing asset return via oversight on default servicing for distressed loans, REO, and post-liquidation collection opportunities. * Assist with regular cyclical portfolio operational tasks with an eye toward efficiency, detail-orientation and automation for tasks such as: * Trade settlement, and repurchases * Asset pledging and data circulation to downstream vendors * Portfolio pricing and valuations * Remittance processing and accounting * Assess portfolio performance relative to trade date expectations * Build reporting needed for internal operations or form client request with clarity and professionalism * Support senior management with client data deliverables * Understand market participants, technical price patterns, and alternative return strategies * Develop investment and cash flow models as needed to evaluate investment opportunities * Price various forms of credit risk using proprietary models * Seek ways to scale investment process Essential Business Experience and Technical Skills: Required: * Technical skills in SQL and Microsoft Office are necessary, with Python or Residential Credit Modelling experience a plus * Meaningful understanding of residential mortgage servicing * Understanding of fixed income and residential mortgage credit * Understanding of diverse Residential Mortgage asset subtypes including NonQM, GSE RPL, RTL, BPL, Cross-Collateral, and post-liquidation deficiency * Ability to methodically solve problems and quantify solutions * Experience working in a result-oriented environment with multiple competing deadlines * Strong skills related to data manipulation and analysis along with communication and presentation skills that can tailor both technical and non-technical audiences * Knowledge of financial concepts including but not limited to financial statements, fixed income investments, credit risk, swaps and other derivatives Preferred: * Undergraduate degree or higher * 2+ years of work experience in mortgage or ABS investments that emphasize quantitative methods and structuring At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers. #MIM Equal Employment Opportunity/Disability/Veterans If you need an accommodation due to a disability, please email us at accommodations@metlife.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application process. MetLife maintains a drug-free workplace.
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