Analyst/Associate: Agency MBS Research

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.

• 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

• 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.

• 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