QUANTITATIVE ANALYST

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Job description

Overview

About Bayview Asset Management, LLC:

Bayview Asset Management, LLC ("Bayview"), initially founded in 1993, is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset backed securities, mortgage servicing rights, and other credit-related assets.

With approximately 2,100 employees, our corporate headquarters is uniquely situated in the beautiful community of Coral Gables, Florida, located near the shores of Biscayne Bay and minutes from Miami Beach. The firm has additional asset management offices in New York, London, and Geneva, and loan servicing and origination affiliates in seven U.S. states and Milan, Italy. As of June 30, 2021, Bayview managed approximately $14.9 billion in assets under management. Our experienced senior management team is comprised of 18 Managing Director-level professionals with an average of 13 years at Bayview and affiliates, and 26 years of industry experience.

About MSR Portfolio Management:

The Bayview Mortgage Servicing Rights ("MSR") Fund along with its wholly owned subsidiary Lakeview Loan Servicing ("Lakeview") is the largest of Bayview's funds. Lakeview is a top 3 owner of Ginnie Mae MSRs and a top 10 owner of Fannie/Freddie MSRs and actively sources new MSRs across its origination platform and bulk and co-issue MSR businesses.

MSRs are essentially interest-only (IO) cash flow strips on underlying pools of mortgages. Like IOs on any other callable bond, MSRs are susceptible to prepayment and credit risk. Yet it is so much more than that - the MSR owner is entitled to many different income and expense cash flows. On a single MSR asset, we model and monitor over 60 types of cash flows.

Your Role: Quantitative Analyst

Your primary role will be model development and implementation. This is crucial in our MSR portfolio management strategy as the model drives all investment and portfolio management decisions.

Secondarily, we envision you to be more than a programmer and be someone who actively watches over the well-being of the fund. This is why we ask you to also assist us in investment decision-making and take on tasks including but not limited to the following:

• Pricing of potential acquisition opportunities
• Perform risk analysis of our existing portfolio
• Mark-to-market and forward IRR valuation

Your work will be impactful from the start and will only expand in the future according to your strengths and aspirations. We are a small yet efficient team where we expect to rely on you and your expertise, as we do with all members of our team.

What We Look For

• 0 to 3 years of work experience
• Candidates typically possess an undergraduate degree in a hard science, math, computer science, engineering or finance. A Master's degree is a plus.
• Strong scientific programming skills with an emphasis on object-oriented programming
• Strong communication skills
• Advanced proficiency in Excel and VBA
• Methodical problem-solving ability with limited direction
• Attention to detail and analytical mindset
• An understanding of finance and economics

Responsibilities

Qualifications