Financial Services

Associate, Cross Product – Risk Retention

New YorkOnsiteFull TimePosted 1 month ago

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Required skills

structured finance
securitized products
financial modeling
cash flow waterfalls
collateral analysis
MS Office
Excel
PowerPoint
securitization structures
risk retention

Nice to have

ABS
CLO
CMBS
RMBS
portfolio monitoring
client discussions

Role summary

Nearwater Capital is seeking an Associate for its Risk Retention business in New York City. This role supports asset-backed securitization sponsors with financing for retained risk interests, complying with Dodd-Frank and EU/UK regulations. Responsibilities include deal origination, structuring, financial modeling, preparing marketing materials, and portfolio monitoring across ABS, CLO, CMBS, and RMBS. The ideal candidate has 2-6 years of experience in structured finance or securitized products, strong financial modeling skills, proficiency in MS Office, and knowledge of securitization structures and risk retention concepts. This is a full-time, onsite position.

THE OPPORTUNITY

Nearwater's Risk Retention business provides asset-backed securitization sponsors (ABS, CLO, CMBS, RMBS) with financing for their retained risk retention interests, in compliance with Dodd-Frank and EU/UK Securitization Regulation requirements. As a Cross Product Associate, you will support origination and portfolio management across multiple asset classes and transaction types, working directly with senior originators and the Head of Risk Retention on live deal flow from initial screening through close and ongoing monitoring.

WHAT YOU'LL DO

Deal Origination & Structuring

Support the Risk Retention team in executing financing transactions across multiple securitization asset classes, including ABS, CLO, CMBS, and RMBS

Review deal offering documents and legal documentation, and coordinate operational settlement

Build cash flow models to evaluate financing terms and structural features for client review

Prepare marketing materials and presentation decks for meetings with global investment and PE firms, managers, and sponsors

Draft term sheets, structuring memos, and investment committee materials

Portfolio & Relationship Management

Monitor the securitization market and provide timely insights to the team

Participate in client discussions to support the origination process and ongoing client coverage

Liaise with legal and operations teams to deliver a smooth execution experience

WHAT WE'RE LOOKING FOR

Required

2–6 years of experience in structured finance and/or securitized products

Bachelor's degree in Finance, Economics, Accounting, or a related quantitative field

Strong financial modeling skills, including cash flow waterfalls and collateral analysis

Proficient with MS Office, especially Excel and PowerPoint

Working knowledge of securitization structures and risk retention concepts (Dodd-Frank, EU/UK Securitization Regulation)

Excellent written communication for structuring memos and committee materials

Preferred

Exposure to multiple asset classes (ABS, CLO, CMBS, RMBS)

HOW YOU WORK

Moves easily between origination work and portfolio monitoring

Self-starter who works well independently and across offices

Always looking for ways to cut down on manual work

Likes having a hand in a lot of different deals at once

WHAT YOU'LL GET

Direct exposure to live transactions across multiple products, from origination through close

Regular interaction with senior originators, the Head of Risk Retention, and firm leadership

Real ownership of analytical and structuring work from day one

A growing team with room to specialize or broaden as the business scales

Who We Are

Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions-based financing to some of the largest financial institutions and financial services firms in the world.

Nearwater offers an attractive market compensation and benefits package. As a creative, intellectual capital firm, Nearwater is proud to be 100% work from office.Nearwater Capital considers all applicants without regard to race, color, religion, national origin, age, sex, civil status, family status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, membership of the Traveller community, or any other characteristic protected by applicable law in the jurisdiction of employment. By applying, candidates acknowledge that their personal data will be processed in accordance with applicable data protection and privacy laws, including but not limited to the EU/UK General Data Protection Regulation and applicable US state privacy laws.

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