Job Information
Truist ABS Structuring MD in New York, New York
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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
As part of the Capital Markets division within Truist Securities, Inc., the Asset Securitization Group (ASG) provides structured debt capital solutions to clients of Truist Bank across a range of consumer, commercial and esoteric asset classes. The ABS Structuring team within ASG (i) partners with the originations team, syndicate desk and sales team to structure asset-backed securities (ABS) that are placed with institutional investors in the new issue market and (ii) partners with our ABS warehouse team to model asset-backed credit facilities for our clients. The ABS Structuring team works closely with our clients and rating agencies to optimize deal execution on opportunities where Truist Securities is engaged as the Structuring Agent. In addition to execution work on active mandates, the ABS Structuring team partners with the ASG Originations team to develop pitches and structures for new clients and/or new asset classes. The MD will also be responsible for managing and overseeing the work product of the other members of the ABS Structuring team.
Essential Duties and Responsibilities
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Responsible for modeling cash flows, and structuring ABS transactions across a broad spectrum of consumer, commercial and esoteric asset classes.
Oversees and validates bespoke Excel-based model building and quantitative analysis.
Making recommendations to our clients and rating agencies on the structural elements of an ABS transaction.
Attracts, develops and retains top talent
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
BA/BS degree
15+ years of related work experience
Extensive subject matter expertise including advanced understanding of industry drivers, product positioning, structuring and risk mitigation strategies.
Proven ability to develop, nurture and monetize “trusted advisor” client relationships
Demonstrated ability to collaborate and influence across functional areas to resolve complex issues.
Strong interpersonal skills which foster teamwork, trust, creativity/innovation and accountability
Ability to communicate clearly, concisely and insightfully.
Preferred Qualifications:
Graduate degree, with a math /quantitative finance focus
7-10 years of ABS experience, preferably at an investment bank
The annual base salary for this position is $300,000 plus bonus.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)
. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
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