THE POSITION

We areseekingto recruit a Research Associate (RA) to join our Structured Finance Research Team. This individual will support the CMBS Analyst in covering investment-grade and high-yield opportunities across CMBS including but not limited to the Conduit SASB and CRE CLO subsectors.

The Structured Finance investment team is dynamic and growing and is currently responsible for approximately$60billionin assets. As part of the Structured Finance Research Team the RA will be fully integrated into the investment process and will conduct fundamental and quantitative analysis in support of the CMBS Analyst. The RA will contribute research and relative value insights to inform investment decisions and support the development of investment recommendations that help shape portfolio manager decisions and add value to client portfolios.

The ideal candidate will have 24 years of experience in structured finance or commercial real estate ideally with direct CMBS exposure and willdemonstratea strong commitment to the asset class. The role requires excellent technical and quantitative skills strong attention to detail and the ability to work effectively in a collaborative team environment. The Research Associate will partner closely with the CMBS Analyst as well as Portfolio Managers Traders and other investment professionals across the platform.The successful candidate will have the opportunity to develop independent coverage responsibilities over time.

The role may bebasedin New York(preferred given proximity to the CMBS Analyst and Trader and day-to-day collaboration)orBoston.

RESPONSIBILITIES

Responsibilities for this positionwill include the following:

• Supporting the development of CMBS investment analyses and recommendations for portfolio managers

• Conducting data analysis across large loan-level and property-level datasets

• Supporting portfolio monitoring and risk assessment across existing CMBS holdings

• Creating andmaintainingdetailed financial models to analyze existing and prospective investments

• Attending and contributing to internal investment meetings

Essential Skills

The following essential skills and characteristics arefor the role:

• Investment acumen and passion Weseeka technically strong early-career investment professional with experience in structured finance or commercial real estate and a demonstrated interest in CMBS. The ideal candidate willpossessstrong analytical and technical skills attention to detail and a quantitative orientation.

• Superior collaboration and influencing skillsThe successful candidate will contribute effectively within a highly collaborative investment environment and build strong trusting relationships with colleagues. The ability to offer thoughtful perspectives engage in constructive debate and collaborate effectively within a team is important. The candidate must recognize the value of diverse perspectives. Clear and effective communication both verbal and written and a willingness to contribute to an open investment dialogue are essential.

• Strong technical and quantitative aptitudeDemonstrated ability to work with financial models large datasets and analytical tools is. Programming experience (preferably Python) and database familiarity (SQL) are. Knowledge of AI-driven tools or automation techniques to enhance research efficiency is viewed favorably. Attention to detail and analytical rigor are essential.

QUALIFICATIONS

Additionalqualifications and characteristics include:

• 24 years of experience in structured finance or commercial real estate ideally with CMBS exposure. Experience in other structured finance asset classes will be considered.

• Programming experience (preferably Python) and database familiarity (SQL) are.

• Ability toleveragetechnical skills to efficiently review and analyze datasets.

• Strong analytical judgment and attention to detail.

• Ability to execute a defined research agenda under senior guidance.

• Strong organizational and time management skills and the ability to work well under pressure.

• Intellectual curiosity sound judgment and a global perspective.

• An undergraduate degree with a strong academic record. Progress toward or completion of the CFA designation is viewed positively but is not.

Location

The Fixed IncomeResearch Associatemay be based in New York (preferred) or Boston.