TIAA Director Research, Taxable Fixed Income- Agency and Non-agency MBS/CMO in New York, New York
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com
Taxable Fixed Income Sr Research Associate
Gathers and evaluates information relevant to a given topic; presents conclusions and alternatives in the context of business goals.
Key Responsibilities and Duties
Building spreadsheets, writing descriptive summaries of gathered data, organizing and prioritizing research for further review by senior managers and clients.
Implementing, applying and testing empirically based research models for use in areas such as marketing research, sales, and other relevant disciplines as directed.
Responding to requests from various business partners on investigational modeling and research studies.
Evaluating and testing new models, recommending and implementing revisions to improve model performance.
2 Years Required; 3 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
Additional Responsibilities and Duties:
Evaluate and monitor the risk characteristics of portfolios of MBS and CMO securities including collateral analysis and understanding of deal structure.
Perform extensive prepayment and default analysis on existing positions as well as underwrite new issue deals.
Work with senior analysts to develop additional quantitative and analytical tools to enhance security selection and portfolio management across various mandates (Total Rate of Return, Asset/Liability Management, Index Funds)
Perform active surveillance of portfolio holdings, design and perform simulation analysis using cash flow models to identify trends and make recommendations.
- 2 years of related MBS research or trading experience.
5+ years of related MBS research or trading experience
Advanced Excel skills. Deep knowledge of Bloomberg, Intex, Yieldbook, CPR&CDR or similar models and databases.
High attention to detail in a collaborative environment
Concentration in Finance, Economics or Quantitative background
Experience with scripting and/or programming languages such as VBA, SQL, Python, C++ MBA or CFA
Potential Salary: $132,600.00 USD
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
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