RMBS Portfolio Manager

New York, NY

Tilden Park Capital Management is seeking an experienced RMBS Portfolio Manager with an exceptional investment track record and collaborative personality to lead the RMBS strategy rooted in a deeply quantitative process, rigorous due diligence, and unique perspective.

Responsibilities:

Produce high-quality risk-adjusted returns trading and investing in non-Agency RMBS products, including, but not limited to Legacy RMBS, CRT, Non-QM, Prime Jumbo, Seconds, RTL, RPL, and NPLs across securities and loans.
Identify, filter, analyze, and execute transactions in the non-Agency RMBS market
Summarize detailed analysis and considerations for thematic trades and large structured transactions. Prepare Investment Committee Memos when needed.
Refine and evolve processes for generating alpha through cusip selection, relative value, and capitalizing on market dislocations
Develop and maintain frameworks for portfolio construction
Build and maintain strong relationships with issuers, originators, and sell-side sales, trading & research teams
Collaborate with the broader Structured Products investment, research, and quantitative teams
Drive and contribute to materials for investor meetings
Guide technology and modeling teams to develop and improve models and tools spanning risk management, workflow efficiency for securities and transactions filtering and analysis, and macro and micro factor scenario modeling

Requirements:

Fifteen or more years of experience in RMBS, and ten or more years of experience in a trading or portfolio management function
A well-articulated investment process and demonstrated track record of outperformance
A firm understanding of the variety of structured products asset classes
Ability to articulate complex ideas in a clear and concise manner
Experience managing teams, training and retaining talent, and coordinating with various functions
Passion for markets and investing in RMBS
Growth mindset towards business development
Independence of thought, intellectual curiosity, a positive attitude, and an entrepreneurial nature
Enjoys being an individual contributor within a highly collaborative team and embrace the benefits of overlapping lines of idea generation
Excellent verbal and written communication and interpersonal skills
Experienced user of third-party platforms such as Bloomberg and Intex
High personal integrity and ethical standards

Education:

The ideal candidate has a strong Bachelor’s or Master’s degree in Economics, Mathematics, Statistics or other quantitative fields.

Firm Overview:

Tilden Park Capital Management LP is an alternative credit manager focused primarily on structured products, mortgages, specialty finance, and asset-based credit strategies. Since it was founded in 2008, Tilden Park has invested in over $20 billion in market value in structured products on behalf of a diverse investor base including public pensions, foundations, endowments, corporations, and family offices. Headquartered in New York, Tilden Park has 53 employees, 20 of whom are dedicated to investments, research, and risk management.

Tilden Park is 100% owned by its principals and maintains an entrepreneurial culture with an institutional-quality business. We value our diverse backgrounds, experience, and perspectives. Approximately, 45% of Tilden Park employees identify as female and/or diverse.

Tilden Park is an equal opportunity employer. We do not discriminate on the basis of race; color; religion; sex (including pregnancy, childbirth or related medical conditions); gender identity; national origin; citizenship; age; physical or mental disability; legally protected medical condition or information; familial status; military caregiver status; veteran status; marital status; domestic partner status; sexual orientation; status as a victim of domestic violence, stalking and/or sex offenses; or any other characteristic protected by applicable law. Tilden Park is committed to providing reasonable accommodations to qualified individuals in accordance with applicable federal, state and local law. Beginning in October, all employees will shift to at least 4 days in the office per week.

Salary Range: $200,000 – $300,000 USD Annually

The referenced salary range is based on the Company’s good faith belief at the time of posting. Actual compensation may vary based on factors such as work experience, market conditions, education/training, skill level, and salary expectations of other qualified candidates. This position is also eligible for a discretionary bonus.

We offer comprehensive and generous benefits that may include paid medical, dental, vision, short and long term disability benefits, 401(k) match, life insurance, holidays, paid time off, and various wellness programs, among others.

Apply Now

Email: careers@tildenparkcapital.com Subject Line: RMBS Portfolio Manager

Mail:
Tilden Park Capital Management LP
Attn: Human Resources
Job: RMBS Portfolio Manager
452 Fifth Ave.
28th Floor
New York, NY 10018