Residential Whole Loan - Analyst/Associate

About Us

NLG Capital, the investment management company of NLG, manages approximately $40+ billion in AUM. Our purpose is simple – to allow NLG to keep its promises. How we do this – an obsessive focus on delivering investment results. We drive results through a rigorous but collaborative investment process, and we hold ourselves to the highest of standards, both as investors and teammates. While our process is based on rigor, our culture is based on our guiding principles: Meritocracy, Uncompromising Transparency, Intellectual Honesty, Performance Driven Learning, Relentless Pursuit of Excellence. These principles serve as the foundation of our team.  They govern the way we conduct ourselves, how we interact with teammates and how we approach every investment decision.  We act with the integrity and humility required to make the investment decision that is right for the firm, and ultimately our policyholders.  Our culture has been deliberately built to foster curiosity and provide opportunities to learn and grow, both as people and investors. The flat and collaborative nature of our team promotes an atmosphere where the best ideas are continually expressed and rewarded. Our pursuit of excellence is unwavering.

Please note that we do not offer visa sponsorship for this position.

Role Summary

The Residential Whole Loan - Analyst/Associate will be a key contributor to the execution of our residential mortgage investment strategy spanning over $1.5 billion in whole loan residential mortgages.  In this role, the Associate will support market analysis, loan stratification and data-driven pricing, underwriting support, and portfolio monitoring and reporting. The role requires strong technical skills to enhance data processing, automation, and analytics within the investment process. The ideal candidate should be eager to learn, adaptable to evolving capital markets, and comfortable integrating technology into financial analysis. Additionally, this role will also support ongoing business development efforts, including analyzing new origination channels and conducting due diligence. The Associate will cross train and develop other members of the team, ensuring proper depth of talent and resources within the capital markets function.

The Associate will have experience in the residential mortgage and/or RMBS structured finance markets including, but not limited to: asset-level contract finance, due diligence (asset valuation, credit and compliance), collateral analysis, risk mitigation, product development, regulation compliance, and vendor/client management. The ideal candidate will be an effective communicator and presenter, analytical, ethical, collegial, and driven individual with proven track record in residential mortgage investment.

This position currently offers an onsite work schedule, with the expectation that you are in the office four days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday.  The work schedule type and core days are subject to change with advance notification and manager discretion.

Essential Duties and Responsibilities

• Support the residential mortgage team on transactions and asset management of the residential mortgage investment portfolio
• Perform deep sector specific research and analysis, identify relative value and potential trade opportunities, and communicate ideas across the team
• Keep portfolio managers updated on key developments in mortgage related sectors, and contribute to the team’s strategic outlook in both whole loan and securitized markets
• Help negotiate and manage flow and bulk contracts
• Collaborate with trade support, accounting, and technology departments along with vendor partners on settlement tie-out and trade management
• Clear collateral exceptions with document custodian to make sure all collateral documents are received within the trailing document period
• Track and manage collateral and credit file requirements
• Manage the Know Your Counterparty process for vendors and trade partners
• Complete diligence scope and diligence findings on each transaction based on feedback from investment committee
• Ensure trade stipulations complied with by Seller as per contracts (purchase agreement and trade confirm)
• Build, develop, and enhance analytical systems supporting the Residential Mortgage Investment team
• Compile and manage the residential mortgage monthly reporting (portfolio analysis, trade activity, performance attribution, asset exposure)

Minimum Qualifications

• Undergraduate degree (preferably in accounting, finance, economics, math, or engineering)
• 5+ years experience within the residential mortgage space
• Knowledge of mortgage structured finance including Agency / Non-Agency MBS and Credit Risk Transfer (CRT) markets, with the skills to run various sensitivity and scenario analysis using prepayment models
• Familiarity with loan-level due diligence, collateral, and contract finance for residential mortgage loans
• Strong quantitative skills, with proficiency in Excel, Powerpoint, and customer relationship management software
• Drawn to incorporating technology and best-practices to transaction management policies and procedures
• Ability to wear many hats and ensure that the business is being executed with zero-defect or exceptions and with strong work ethic
• First-principles mindset and ability to think critically and challenge status quo
• Solid interpersonal skills and ability to connect to form meaningful working partnerships
• Experience driving projects to completion
• Ability and desire to work in a dynamic and demanding environment

Preferred Qualifications

• Knowledge of mortgage modeling systems (Intex, Yieldbook) and programming (Python, SQL) considered a strong plus

Benefits

• Your benefits start day one and are flexible and customizable to your and your family’s specific needs. Check out the BENEFITS of a Career at National Life!