RMBS Associate

In 2025 Blackstone established Brio Real Estate (Brio) as a portfolio company focused on real estate credit. Brio is a specialized global commercial real estate asset services platform that manages and supports Blackstones Real Estate Debt Strategies business (BREDS) across the globe. Today BREDS has approximately $76 billion in investor capital across high yield / opportunistic real estate credit funds a publicly traded Mortgage REIT CMBS securities and insurance capital. Brio is a sophisticated real estate credit solutions provider that enhances value for investors and supports BREDS across key functions including asset management transactions capital markets surveillance portfolio management and legal & compliance. Brio provides critical infrastructure and capabilities for BREDS to allow for effective investments and management of its global portfolio.

Blackstone is the worlds largest alternative asset manager with more than $1 trillion in assets under management. Blackstones scale with roughly 12700 real estate assets and over 240 portfolio companies enables them to invest in dynamic sectors positioned for long-term growth. The firm seeks to deliver compelling returns for institutional and individual investors by building strong businesses that deliver lasting value. Blackstones global investment strategies focus on real estate private equity infrastructure life sciences growth equity credit secondaries and hedge funds.

Job Summary

The RMBS Associate will assist the RMBS team in the credit underwriting and portfolio management of RMBS investments.

What you will do:

• Analyze the credit risk in RMBS/SFR transactions to include reviewing deal documents reporting and research to formulate and substantiate a credit opinion.
• Perform portfolio surveillance to maintain risk ratings monitor high-risk assetsand provide periodic asset management updates.
• Prepare materials for internal and external presentations.
• Track issuer and industry trends as well as macroeconomic performance drivers which could impact portfolio holdings.

What you should have:

• Bachelors degree in Finance Data Science STEM or a related discipline from a Top 50 accredited college/university with a minimum cumulative 3.5 GPA.
• 1 years of relevant work experience in an RMBS credit role.
• Strong knowledge base of the residential real estate markets/trends and structured finance sector.
• Proficiency in SQL and Python for data analysis portfolio surveillance and automation of reporting workflows.
• Experience reviewing offering circulars term sheets and rating agency reports.
• Experience with manipulating large datasets and programming knowledge a plus.
• Prior rating agency and/or cash flow modeling experience a plus.
• Highly analytical thinking with demonstrated talent for identifying scrutinizing improving and streamlining complex work processes.
• Strong interpersonal skills. Exceptional listener and communicator who effectively conveys information verbally and in writing.
• Resourceful team player who excels at building trusting relationships with clients and colleagues.
• Strong knowledge of Microsoft Office suite.
• Ability to travel 10-15% domestically.

EEO Statement

Brio Real Estate is an equal opportunity accordance with applicable law we prohibit discrimination against any applicant employee or other covered person based on any legally recognized basis including but not limited to: veteran status uniformed servicemember status race color caste immigration status religion religious creed (including religious dress and grooming practices) sex gender gender expression gender identity marital status sexual orientation pregnancy (including childbirth lactation or related medical conditions) age national origin or ancestry citizenship physical or mental disability genetic information (including testing and characteristics) protected leave status domestic violence victim status or any other consideration protected by federal state or local law. We are committed to providing reasonable accommodations if you need an accommodation to complete the application process please email