--- title: 'RMBS - Associate / Associate Director (NY/Chicago) at KBRA' canonical: 'https://feeny.ai/job/rmbs-associate-associate-director-ny-chicago-kbra-new-york-new-york-united-vx4n3f2b429c' type: 'job' last_seen: '2026-10-19' --- # RMBS - Associate / Associate Director (NY/Chicago) at KBRA - **Company:** KBRA - **Location:** New York New York United States and Chicago Illinois, United States - **Posted:** 2026-10-13 - **Last confirmed live:** 2026-10-19 - **Apply:** https://job-boards.greenhouse.io/krollbondratingagency/jobs/8885565002 ## Job description Position Title: RMBS - Associate / Associate Director (NY/Chicago) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, New York or Chicago, Illinois Summary/Overview: KBRA (Kroll Bond Rating Agency) is seeking an Associate Director to join our Residential Mortgage-Backed Security (RMBS) team in the New York, NY or Chicago, Illinois office. The ideal candidate will have experience in RMBS 2.0 sectors such as Prime, Non-QM, and second-lien loans. Associate Directors on the RMBS team hold key roles engaging in all aspects of the rating process, which includes conducting collateral and cash flow analysis as well as preparing reports for publication. About the Team: Our RMBS team has issued ratings on securities from over 950 transactions spanning across Prime, Non-QM, GSE CRT, Reverse Mortgage, 2nd Liens, RPLs and more. Our primary objective is to issue high quality credit ratings and maintain them in a timely manner. This objective involves conducting asset credit risk analysis; liability structure scenario analysis; and publishing our viewpoints based on these analyses and our research. We pride ourselves on the quality, accuracy, timeliness, and consistency of our product. About the Job: - Serve as lead analyst interacting with clients, structuring banks and investors on transactions. - Conduct loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation. - Prepare/facilitate the preparation of credit memos and present transactions to rating committees. - Prepare presale and new issue reports. - Support surveillance efforts for existing transactions. - Attend and participate in seller/servicer due diligence, investor discussions, or industry events (which may require travel). - Mentor and foster the development of junior analysts, as necessary. You will be successful in this role if you have: - B.A./B.S. degree required; MBA or CFA are a plus. - 3+ years of relevant Residential Real Estate, Rating Agency, or RMBS experience strongly preferred. Will consider candidates with compelling experience across ABS asset classes. - Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of bond cash flows. - Intermediate to advanced Excel skills (Excel test may be administered as part of the interview process). - Proficiency with Intex cash flow modeling software. - Excellent written and verbal communications skills (writing sample may be requested). - Ability to take initiative, work independently, and work closely with partners in a collaborative environment. - Exceptional attention to detail. - Familiarity with residential mortgage datasets/tools (e.g. CoreLogic, Fannie/Freddie Single Family Data, BlackKnight, eMBS) are a plus. - Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus. Salary Range: The anticipated annual base salary range for this full-time position is $100,000 to $150,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors. Benefits: - A hybrid work schedule (Tuesday, Wednesday, Thursday in the office) - Competitive benefits and paid time off - Paid family and disability leave - 401(k) plan, including employer match (100% vested) - Educational and professional development financial assistance - Employee referral bonus program About Us: Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. More Info: KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by federal, state or local law. ## #LI-KS1 ## #LI-HYBRID ## About KBRA ## Company Overview - **One-liner**: KBRA is a global full-service credit rating agency and provider of financial data and analytics, established to restore trust in credit ratings following the 2008 financial crisis. - **Entity Type**: Private (ownership details not publicly disclosed) - **Headquarters**: New York, New York, USA - **Founded**: 2010 - **Founders**: Jules Kroll and Jim Nadler (co-founders) ## Core Business - **Primary industries**: Financial services – credit ratings, financial data & analytics, market intelligence - **Target customers**: B2B – institutional investors, issuers, underwriters, and other financial market participants - **Mission statement**: "Set a standard of excellence and integrity" – rebuilding trust in credit ratings through transparency, rigorous analysis, and innovation. ## Products & Services - **KBRA Ratings**: Full-service credit rating agency covering asset classes such as structured finance (ABS, CMBS, RMBS), corporate & government bonds, project finance, infrastructure, and funds. Provides timely, transparent credit opinions. - **KBRA Analytics**: Data and analytics platform offering tools for deeper analysis and rapid discovery. Includes: - **KBRA Financial Intelligence (KFI)**: Data and analytics for the financial community. - **KBRA Credit Profile (KCP)**: A next-generation, data-centric credit analysis application. - **Credit Intelligence**: Advanced credit research and monitoring tools. - **KBRA Premium**: Premium insights and data feeds. ## Market Standing - **Valuation/Revenue**: Not publicly available (private company) - **Key Metrics**: - 650+ employees - 96,315+ ratings issued - $4.78 trillion in rated issuance - **Notable Investors/Partners**: Not disclosed; ownership structure is private. - **Growth Signals**: Global expansion into Europe, Middle East, and APAC markets (offices in London, Dublin, Tokyo); continuous hiring across ratings and analytics teams; strong headcount growth since founding. ## Competitive Advantages - **Trust & Credibility**: Founded post-2008 crisis with a mission to restore integrity in credit ratings – a strong differentiator against incumbents like Moody’s, S&P, and Fitch. - **Innovation**: Data-centric applications (KCP, KFI) and a technology-forward approach to credit analysis. - **Global Reach**: Full-service capabilities across major markets (US, Canada, Europe, APAC) with a diversified asset class coverage. - **Culture of Integrity & Collaboration**: Emphasizes ethical behavior, teamwork, and transparency as core pillars. ## Strategic Focus - Continue expanding into new geographies and asset classes. - Deepen data and analytics capabilities through KBRA Analytics. - Attract top talent to build the “future of ratings and analytics.” - Maintain a strong compliance and governance framework to sustain trust. ## Why Work Here - **Culture**: Collaborative environment that values innovation, integrity, and diverse perspectives. Emphasis on employee well-being and community impact through “KBRA Cares” program. - **Work Policy**: Hybrid working model (flexible in-office/remote); remote roles available (e.g., Ratings Data Sales – Director, Lead Full-Stack Platform Engineer). - **Benefits**: Comprehensive health & wellness plans, 401(k) match and pension program, flexible vacation, tuition reimbursement for job-related skills, and professional development support. - **Career Growth**: Opportunities across Ratings and Analytics teams; 49 active job postings (as of search date) in locations including New York, Chicago, London, Dublin, Tokyo, and remote. - **Engineering Culture**: Technology roles in platform engineering, data engineering, and business applications – part of a modern, data-centric firm. ## Sources 1. [KBRA Company Overview](https://www.kbra.com/company/overview) 2. [KBRA Analytics](https://www.kbra.com/analytics/products/kfi) 3. [KBRA Careers](https://www.kbra.com/company/careers) 4. [KBRA Job Board (Greenhouse)](http://job-boards.greenhouse.io/krollbondratingagency) 5. 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