Experienced ABS Credit Analyst

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident. 

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.  

Join us for the opportunity to grow and make a difference in ways that matter to you. 

Role Summary

The position will be responsible for analyzing and developing credit opinions on securitized transactions in the ABS market.  The position will require analysis of financial, consumer and property market fundamentals, security level cash flows, ongoing security surveillance, the assignment of credit ratings, and trade recommendations that benefit T. Rowe Price portfolios. The analyst will be an integral part of the Securitized Products team at T. Rowe Price.

Responsibilities

1. Analyze and evaluate investment opportunities in the securitized products universe. 

2. Analyze and recommend potential purchases and sales of securitized products securities to enhance portfolio performance.  Conduct fundamental sector, market, and security analysis, and combine relative value and strategy considerations in sector and security recommendations.

3. Analyze the fundamentals in covered sectors, including underwriting standards, prepayment and default forecasting, collateral market trends, macro developments and their impact on securitized credit securities. 

4. Communicate and collaborate with various internal and external parties to develop well-researched, sound investment recommendations and sector theses.  This position will interact most directly with internal peers who also cover securitized products.  The role will also interact with Rating Agency analysts, external sector experts, T. Rowe Price Portfolio Managers, Equity and Credit analysts, and Quantitative analysts, among others.  

Qualifications

Required:

• College degree
• 5+ years of direct investment experience in ABS
• Experience developing and maintaining reports and data
• Understanding of financial accounting, derivatives markets, and computer skills
• Experience using Intex and Bloomberg
• Strong written and oral communication skills 
• Strong decision-making and risk management background
• Strong analytical skills
• Collaborative, inquisitive and detail-oriented personality

Preferred:

• Experience analyzing 4a2 transactions is a plus
• Advanced business degree is a plus
• Chartered Financial Analyst designation preferred
• Experience with data querying languages and tools
• Knowledge of Excel VBA and/or Python

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$175,000.00-$275,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$175,000.00-$275,000.00 for the location of: Washington, D.C.
$175,000.00-$275,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role.