ABS Research Analyst

    • Jersey City, NJ

The Role

Lord Abbett seeks an exceptional ABS Research Analyst to join its Taxable Fixed Income group. Primary responsibilities will center on credit analysis of asset-backed securities and fundamental research coverage of the US consumer and commercial ABS markets.

We’ll trust you to:

  • Contribute to the management of Lord Abbett’s ABS portfolio, which spans a full array of credit ratings and sectors, by working in a fast paced and collaborative team
  • Provide primary research coverage for a broad range of ABS sectors, with expectations to expand coverage and impact over time. Initial coverage will be expected to include the following ABS sub-sectors: Unsecured Consumer Loan, Student Loan, Whole Business, Auto Loan, Credit Card Receivable. (Coverage of other esoteric sub-sectors a plus)
  • Complete credit reviews of any purchases/sales within covered sectors, provide ongoing data management of relevant information pertaining to credit work, and produce timely and actionable written credit opinions related to both new issue and secondary market opportunities
  • Conduct monthly surveillance of all positions and produce surveillance results for consumption by Portfolio Managers, along with commentary and insights
  • Provide ongoing commentary and relevant research insights pertaining to macro factors impacting the ABS portfolio
  • Present all research and reference materials in a professional and organized manner
  • Develop and implement rigorous processes surrounding credit reviews, surveillance, and other research outputs, to ensure business continuity and consistency of deliverables
  • Own the ABS team’s data management initiatives, including collaborating with technologists to utilize Intex API, the analysis of loan level data, ongoing enhancements to surveillance efforts, and other big data projects
  • Understand principles of portfolio and risk management, the comparing and forecasting of risk adjusted returns, and relative value analysis
  • Maintain updated cash flows and analytics for existing covered investments
  • Perform scenario analyses and other security or portfolio level testing
  • Train less experienced members of the team

You’ll need to have:

  • 7+ years of research experience in traditional and esoteric ABS sectors
  • Deep knowledge of loan analysis and ABS structures
  • Experience with loan level data analysis and default and prepayment models
  • Proficiency with standard finance applications such as Intex and Intex API
  • Ability to articulate complex investment models in a clear and concise manner with internal and external constituents
  • Ability to articulate modeling objectives to technologists and quantitative analysts
  • Ability to multi-task across analytical, tactical, and research activities in a detail oriented and timely manner
  • Strong technical abilities with demonstrated experience learning and navigating complex systems, including databases and analytical models
  • Excellent communication skills and a desire to share insight and teach others

Why Lord Abbett?

Lord Abbett is one of the fastest-growing global asset managers with approximately $200 billion in assets under management. We seek to hire a diverse group of talented individuals who are committed to driving our vision to be the most respected asset manager in the world. We are looking for candidates who value excellence, responsibility, transparency, and collaboration as much as we do. Our employees share a passion for excellence in serving our diverse range of clients – individuals, advisors, and institutions across the globe who rely on us to deliver innovative investment solutions that help them secure stronger financial futures.

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