CAPITAL MARKETS ANALYST JOB DESCRIPTION

When a debt issuance misprices or a warehouse facility covenant trips undetected, the consequences ripple from treasury to the boardroom. The Capital Markets Analyst prevents that outcome by owning the analytical and operational layer beneath every debt transaction, from ABS securitization and unsecured bond issuance to warehouse facility compliance. Embedded in treasury or capital markets functions at banks, specialty finance companies, and GSE-adjacent entities, this role sits between execution desks and senior management. FINRA licensing requirements and SOX control obligations give this seat a compliance dimension that adjacent analytical titles rarely carry.

As the Capital Markets Analyst, you will own the analytical infrastructure supporting debt issuance execution, collateral surveillance, and funding strategy, translating raw financial and market data into the reports, models, and presentations that drive capital allocation decisions. You will operate within a capital markets or treasury team, collaborating daily with rating agencies, underwriters, legal counsel, and internal risk and FP&A partners across the full transaction cycle.

Career Impact: Deep exposure to ABS structuring, FINRA-regulated securities execution, and rating agency negotiations builds a cross-functional credential set that is rare at the analyst level and opens direct paths toward senior capital markets or structured finance roles.

Business Impact: The collateral performance assessments, securitization cash flow models, and covenant compliance monitoring this role produces directly determine whether debt transactions close on schedule and at target cost of funds.

Growth Opportunity: Analysts in this seat regularly progress to associate or VP roles in investment banking, structured finance, or treasury management, with the technical modeling and regulatory fluency developed here commanding a significant market premium.

• Analyze collateral pool performance and ABS structural features to support transaction pricing and negotiation decisions.
• Develop and maintain securitization cash flow models, borrowing base models, and cost-of-funds spreadsheets for ongoing funding strategy.
• Prepare investor presentations, board-level materials, and management reporting packages for debt issuance and capital planning reviews.
• Monitor warehouse facility utilization, covenant compliance, and SOX controls across all active borrowing facilities.
• Coordinate with rating agencies, underwriters, legal counsel, and custodians throughout the full transaction execution and settlement process.
• Reconcile internal financial and operational data including liquidity risk reporting, collateral performance, and accounting entries for warehouse and private facilities.
• Conduct peer benchmarking and market surveillance on comparable ABS deals and debt issuance activity to inform senior management recommendations.
• Support execution of whole loan sales, forward flows, and unsecured high-yield issuances in coordination with cross-functional teams across risk, FP&A, and operations.

• Bachelor's degree in Finance, Economics, Accounting, Mathematics, or equivalent work experience.
• 2 or more years of capital markets, treasury, or structured finance experience, with demonstrated exposure to debt transactions or securitization.
• Working knowledge of asset-backed securities structures, warehouse lending facilities, and debt capital markets execution processes.
• Proficiency in financial modeling and quantitative analysis, including advanced spreadsheet construction and scenario analysis.
• Familiarity with SOX control documentation and execution obligations in a financial reporting environment.
• Strong written and verbal communication skills, including the ability to prepare executive-ready presentations and investor-facing materials.
• Detail-oriented analytical approach with a demonstrated ability to reconcile large financial data sets and identify discrepancies under time pressure.

• FINRA Series 7 and Series 63 licensure, or active pursuit within the first year of employment, with Series 79 as a medium-term target.
• Prior experience with GNMA or HMBS securitization programs, FHLBank consolidated obligation issuance, or GSE-adjacent capital markets functions.
• Proficiency in SQL, Python, or statistical software applied to treasury data infrastructure or capital markets reporting automation.
• Graduate degree or coursework in Finance, Financial Engineering, or a related quantitative discipline.

• Covenant compliance rate across all active warehouse and debt facilities, measured against lender-stipulated thresholds.
• Accuracy rate on SOX control reconciliations, tracked by audit exception count per reporting cycle.
• Transaction settlement timeliness, measured by percentage of issuances closed within targeted execution windows.
• Collateral reporting turnaround, measured by on-time delivery rate for monthly servicer and pool performance packages.
• Cost-of-funds variance versus model projection, reflecting the precision of securitization cash flow modeling inputs.
• Typical tools: Spreadsheet and modeling platforms (commonly Excel with advanced formulas and macros); debt market data terminals (commonly Bloomberg or Reuters).

• Base Salary Range: $75,000 to $105,000 annually, depending on seniority and firm type
• Bonus: Annual performance bonus, typically 10% to 25% of base in financial services
• Equity: Uncommon at this level; restricted stock units possible at larger institutions
• Health Benefits: Medical, dental, and vision coverage; employer contribution standard
• PTO: 15 to 20 days annually, plus federal holidays
• Common Perks: Series licensing sponsorship and study support; CFA program reimbursement; hybrid work schedule

Figures are estimates based on general US market benchmarks and may be outdated. Adjust based on location, company size, and seniority level.

Employment contingent on a successful background check, which may include verification of credit history given the financial responsibility inherent in this role. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected under applicable federal, state, or local law. Reasonable accommodations are available to individuals with disabilities throughout the application and employment process upon request. Candidates must be authorized to work in the United States.

The Capital Markets Analyst owns end-to-end debt issuance activities, including collateral pool analysis, ABS structuring, and legal documentation review across warehouse and public securities execution. Working alongside banks, rating agencies, and external investors, this role delivers reporting on SOX controls and liquidity risk that directly supports sound funding decisions for the broader finance team.

Key Responsibilities

• Reconcile internal reporting of financial and operational data, including liquidity risk, asset-level performance, and monthly bank warehouse utilization.
• Assist in preparation of key reports and presentations for senior management.
• Provide in-depth assessments of collateral performance and characteristics to drive structuring, pricing, and negotiation decisions.
• Assist with execution of large loan transactions with partner bank group.
• Review, interpret, and comment on complex debt financing legal agreements for lending facilities and public securities execution.
• Execute controls on key financial and risk data and report on SOX controls.
• Reconcile accounting entries and reports for warehouse and private borrowing facilities.
• Analyze peer benchmarking and perform detail-oriented analytics reporting.

Required Qualifications

• Bachelor's degree in business or finance, including relevant classes or internships.
• 0 to 3 years of experience in the financial services industry.
• Proficiency in Excel, including pivot tables and VLOOKUP, and PowerPoint.
• Strong verbal and written communication skills with the ability to collaborate with internal and external parties.
• Strong analytical, organizational, and project management skills with attention to detail.
• Ability to prioritize tasks, manage multiple assignments simultaneously, and work well within a team.

Embedded within the Capital Markets team, the Capital Markets Analyst supports pricing, securitization settlement, and GNMA buyout processing under the direction of the Sr. Director of Capital Markets. Working closely with custodians, Broker/Dealers, and internal reporting teams, this role advances the accuracy of capital markets models and SOX-controlled position reporting that keeps funding operations on track.

Core Functions

• Prepare and generate data reports for the Capital Markets team.
• Maintain capital markets models for pricing tail pools, bid tapes, and budgeting projections.
• Provide analysis detail and support for assumptions used in capital markets models.
• Update and distribute bid tapes and pool stipulations to Broker/Dealers.
• Assist Broker/Dealers with settlement of HMBS securitizations by running reports and confirming pool pricing details.
• Serve in a dual control capacity to confirm DVP pool tickets and process monthly GNMA buyouts.
• Coordinate with custodians to clear final certification exceptions and maintain position reports for tail reporting as a SOX control.
• Monitor and report GNMA tolerance levels and manage security collateral pipeline with custodial teams and investors.
• Complete audit requests and produce alerts and reports from the loan operating system as needed.

Qualifications & Experience

• Bachelor's degree strongly preferred.
• Minimum 3 years of experience in finance, reporting analytics, or a related field.
• Foundational knowledge of mortgages and mortgage-backed securities.
• Advanced Excel skills, including pivot tables, macros, VLOOKUP, and SUMPRODUCT formulas.
• Strong analytical and quantitative skills with the ability to work independently.
• Well-developed problem-solving skills with a hands-on, detail-oriented approach.

Reporting to senior investment leadership, the Capital Markets Analyst shapes the fund's equity and debt market strategy by analyzing real estate markets, supporting quarterly valuations with third-party appraisers, and preparing Investment Committee recommendations. Partnering with consultants, investors, and internal valuation teams, this role enables accurate NAV strikes and well-informed capital deployment decisions across multifamily and related asset classes.

Primary Duties

• Analyze select real estate markets and market niches to delineate investment themes and targets.
• Assist with the fund's quarterly and annual reporting to deliver accurate and timely information to consultants and investors.
• Support quarterly valuation policies by working with third-party appraisers to determine fair value of real estate investments and debt instruments for NAV strikes.
• Oversee analytical functions to value real estate using financial modeling tools.
• Prepare and present Investment Committee recommendations.
• Monitor and communicate with capital markets regarding equity capital, fund investment, debt markets, and deal structures.

Skills & Qualifications

• Bachelor's degree required, Master's degree preferred.
• 2 or more years of relevant industry experience in accounting, finance, or real estate investment, with multifamily experience preferred.
• Prior experience in real estate market research and analytical reporting.
• Excellent written and oral communication skills with strong presentation skills and ability to defend analytical positions.
• Highly organized and detail-oriented with ability to work effectively as part of a team.
• Can thrive in an entrepreneurial environment and collaborate well with diverse groups.

Sitting at the intersection of mortgage pricing and interest rate risk management, the Capital Markets Analyst monitors daily MBS pricing, executes rate lock requests, and prepares daily revenue and pricing reports that keep the Secondary Marketing department competitive. Operating across compliance, investor relations, and pricing functions under the Vice President of Secondary Marketing, this role shapes market-responsive decisions through timely analytics and detail-driven reporting.

Duties

• Monitor daily mortgage-backed security pricing and communicate market updates to the Secondary Marketing department.
• Review and execute requests for rate locks, rate lock extensions, and rate re-locks.
• Monitor industry pricing to ensure competitiveness in the marketplace and recommend applicable changes.
• Prepare various daily revenue and pricing reports.
• Monitor interest rate exposure by reviewing the current pipeline and open trades.
• Assist the Vice President of Secondary Marketing with investor presentations, detailed revenue analysis, and compliance department reports.

Requirements

• 4-year degree in Finance, Statistics, Mathematics, or Accounting.
• Intermediate Excel skills required.
• Ability to work collaboratively under stringent time constraints and extended hours as needed.
• High level of professional integrity with the ability to safeguard confidential corporate and customer information.
• Keen attention to detail with a strong sense of urgency for accuracy and timeliness.

A key member of the Treasury team, the Capital Markets Analyst builds and maintains the data infrastructure and reporting systems that underpin capital funding operations, including management decks, covenant compliance tracking, and executive liquidity reporting. Collaborating across finance, legal, and executive leadership, this role delivers the operational insight and process automation that enables sound capital funding decisions at scale.

Functions

• Facilitate accuracy and soundness of monthly servicer reports and treasury data infrastructure.
• Drive efficiencies and automation throughout the treasury department leveraging data and technology.
• Build management reporting and decks to assist executive leadership in managing liquidity.
• Prepare presentations for corporate board meetings, investor presentations, and roadshows.
• Manage covenant compliance for all debt agreements and assist with legal agreement compliance.
• Research capital markets transactions and performance from competitors to identify cost-saving opportunities.

Experience & Qualifications

• 4-year degree in business, accounting, finance, economics, engineering, computer science, statistics, mathematics, or a related technical field, or MBA.
• Microsoft SQL Server certification preferred.
• 1 to 4 years of experience in data analysis or finance, with lending or consumer finance experience a plus.
• Knowledge of capital markets preferred.
• Strong SQL and data mining skills preferred, with proficiency in Microsoft Excel.
• Experience building reporting structures, database tables, and data models a plus.
• Strong analytical skills with great concern for data accuracy and problem-solving ability.
• Extremely motivated and self-driven with exceptional communication and presentation skills.

Sustained access to diverse funding sources depends on the Capital Markets Analyst, who supports ABS securitization, corporate unsecured and high-yield issuances, and whole loan sales while acting as a key external representative in front of investors, lenders, and rating agencies. Serving as a cross-functional contributor on funding strategy and alternative financing, this role builds and maintains the securitization cash flow models, borrowing base models, and peer comparisons that guide senior management decisions on capital and liquidity.

Accountabilities

• Support execution of debt capital markets transaction processes including ABS securitization, corporate unsecured and high-yield issuances, whole loan sales, and forward flows.
• Assist in negotiation of asset-backed warehouse facilities and work with underwriters, rating agencies, and counsel throughout the transaction process.
• Act as a key external representative in front of investors, lenders, and rating agencies.
• Prepare investor presentations and internal management and board presentations focused on capital, liquidity, and funding.
• Maintain surveillance of peer ABS deals and provide senior management with market intelligence.
• Develop and maintain securitization cash flow models, borrowing base models, cost-of-funds spreadsheets, and peer comparisons.
• Execute strategic analysis with cross-functional teams on funding strategy and alternative financing ideas.

Technical Qualifications

• Bachelor's or master's degree in business, finance, accounting, economics, or a similar technical field.
• Strong analytical skills with attention to detail.
• High proficiency in Microsoft Office, particularly Excel and PowerPoint.
• Strong verbal and written communication skills.
• Excellent work ethic with willingness to contribute broadly to team objectives.
• Ability to travel quarterly.

As the Multifamily Capital Markets Analyst, this role manages the full debt lifecycle for real estate acquisitions, from underwriting model review and loan document compliance through draw request submission and lender-required repairs coordination. The acquisitions and asset management teams rely on this work to ensure timely, accurate due diligence and closing support across multifamily lending relationships.

Activities

• Gather and review underwriting models, rent rolls, historical operating statements, and other lender-requested schedules.
• Review and prepare debt analysis models using financial modeling tools.
• Coordinate and verify loan document compliance items with acquisitions, asset management, capex, and legal teams.
• Manage lender-required repairs and coordinate with teams on deadlines throughout the life of the loans.
• Submit draw requests to lenders and compile required lender information.
• Review real estate documents including leases, loan documents, and appraisals to identify potential issues.
• Support acquisition and debt due diligence and closing processes, including lender correspondence.

Position Requirements

• 2 to 5 years of experience as an analyst at a real estate investment firm, bank, lender, or similar organization.
• Understanding of debt underwriting concepts.
• Proficient in financial modeling tools with excellent Excel skills.
• Exceptional analytical skills and written and verbal communication skills.
• Ability to manage large volumes of data and distill insightful conclusions.
• Organized, detail-oriented, and able to work efficiently and accurately under pressure with limited supervision.

Debt Capital Markets Analyst delivers comprehensive debt profile analyses and bond issuance financial models across assigned finance sectors, producing pitch books, RFP responses, and marketing materials that support senior investment bankers in client transactions globally. The work directly supports a full transaction cycle, from new financing idea generation and bond document review through coordination of printing and delivery for fixed income issuances.

Operational Focus

• Analyze the overall debt profile of assigned finance sectors on a regular basis.
• Provide senior investment bankers with new financing ideas and analyses for specific issuers globally.
• Complete complex spreadsheet financial models for the assigned industry.
• Formulate new transaction proposals and develop financial analyses for bond issuances, including revenue models, debt profiles, and cash flow analysis.
• Prepare client pitch books, respond to RFPs, and create marketing and sales materials.
• Maintain records of market conditions and issuance and prepare regular updates and reports for internal and external constituencies.
• Assist in bond document review and coordinate printing and delivery of bond documents.

Knowledge, Skills & Abilities

• Bachelor's degree in a relevant field with a minimum of 1 year of experience in financial services, or an equivalent combination of education and experience.
• SIE required, FINRA Series 7 and Series 63 required or obtainable within 3 months of hire, and FINRA Series 79 required within 12 months of hire.
• Knowledge of fixed income procedures, regulatory requirements, transactions, and client relationships.
• Knowledge of fundamental investment concepts, financial markets and products, and quantitative financial analysis and data modeling.
• Excellent analytical, critical thinking, and problem-solving skills.
• Ability to detect errors and offer resolution.

The Capital Markets Analyst produces daily market evaluations and executes short-term and long-term consolidated obligation issuances in support of the Funding Desk Team's capital markets activities. Collaborating with FHLBanks, security underwriters, interest rate derivative counterparties, and internal employees, this role advances the accuracy of business process documentation and funding decisions that underpin responsible debt market participation.

Key Deliverables

• Support the Funding Desk Team in the issuance, processing, and reporting of FHLBank securities and capital markets activities.
• Gather and evaluate market data from multiple inputs to inform recommendations and decisions daily.
• Evaluate market conditions and respond to new market developments.
• Develop strong relationships with internal employees, FHLBanks, security underwriters, interest rate derivative counterparties, and other market participants.
• Respond to and assist incoming requests from underwriters, derivative counterparties, and FHLBanks regarding execution of debt transactions.
• Assist with creation and maintenance of business process documentation, process diagrams, and capital markets projects.
• Execute issuance of short-term and long-term consolidated obligations within established policies, procedures, and risk parameters.

Professional Experience

• Bachelor's degree in business, finance, economics, or a related field required.
• 1 to 2 years of treasury banking or capital markets experience preferred.
• Proficiency in Microsoft Office.
• Experience in Business Objects and Bloomberg preferred.
• Proficiency using basic statistical concepts.
• Familiarity with statistical software such as R or SQL preferred.
• Strong organizational and planning skills with ability to manage several concurrent assignments and prioritize appropriately.
• Effective oral and written communication skills with ability to build respectful relationships and collaborate across diverse groups.

Embedded within the Capital Markets Risk function, the Capital Markets Analyst oversees credit and risk exposures for private bank clients and special purpose entities, including periodic portfolio reviews covering capital structure, liquidity, and collateral valuation for NAM and LATAM markets. Working closely with senior risk managers and business colleagues, this role advances credit review quality and risk mitigation strategy across trading lines and capital markets products within the broader organization.

Areas of Ownership

• Provide financial analysis, risk assessment, and analytical support for accounts and projects across CPB Global Capital Markets Risk.
• Assess complex private bank clients and special purpose entities for trading lines and capital markets products, and recommend risk mitigation strategies to senior risk managers.
• Manage risk exposures in the assigned portfolio and cover relationships with Standard CPB clients and Markets Direct Access clients in NAM and LATAM.
• Prepare periodic quarterly, semi-annual, and annual portfolio reviews including analysis of financials, capital structure, liquidity, stress tests, and collateral valuation.
• Work with senior risk and business colleagues to generate detailed credit reviews and identify situations that create risk and legal liability.
• Participate in portfolio risk analysis, ad-hoc regulatory requirements, credit agreement negotiations, and other assignments as directed by risk managers.

Education & Experience

• Bachelor's degree or equivalent experience required.
• 3 to 5 years of experience in risk, business, or a support role with prior exposure to capital markets products and risks.
• Experience in counterparty credit analysis or private banking.
• Knowledge of risk systems infrastructure including key processes, coverage, and data flows.
• Understanding of financial analysis and ability to navigate and interpret financial statements.
• Rudimentary understanding of applicable industry regulations and standards.
• Advanced Excel and PowerPoint skills with proficiency in MS Word and database management.
• Excellent written and verbal communication skills.
• Strong diplomacy and interpersonal ability.

Reporting to the Capital Markets Group leadership, the Capital Markets Analyst develops and maintains trading volume databases, externally focused data presentations, and ETF capital markets content, including white papers and sales literature, in support of market structure advocacy and regulatory engagement. Partnering with Authorized Participants, Market Makers, Exchanges, and Broker-Dealer partners, this role enables data-driven regulatory affairs efforts and ETF ecosystem improvements that strengthen the organization's market presence.

Role Responsibilities

• Support the Markets Oversight function through data projects related to the liquidity and market quality of ETFs, working with Authorized Participants, Market Makers, and Exchanges.
• Assist in account planning and relationship management with Broker-Dealer and Exchange partners.
• Deliver analytical insights to support regulatory affairs efforts.
• Lead key technology initiatives across all stakeholder groups to manage the process and outcome of each project.
• Drive data analysis and reporting needs, including buildout and maintenance of databases for trading volumes, partner data, and team metrics.
• Develop and maintain externally focused data, presentations, and collateral for the Capital Markets Group.
• Assist in development of ETF capital markets content including white papers, marketing materials, and sales literature.
• Support projects and working groups related to market structure advocacy, regulatory engagement, and ETF ecosystem improvements.

Background & Experience

• Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a similar field preferred.
• 0 to 4 years of experience in the financial services industry with demonstrated passion for financial markets and securities.
• Knowledge of ETF mechanics including the create/redeem process, fees, clearing, settlement operations, and custody.
• Strong analytical skills with advanced Excel, PowerPoint, Word, and Bloomberg proficiency.
• Programming language experience in Python or similar tools a plus.
• Strong critical thinking and data analysis skills with the ability to frame business issues and support strategic decision-making.
• Strong verbal and written communication skills with ability to build relationships across internal teams, the organization, and external clients.
• Enthusiastic, ethical, and intellectually curious with strong integrity and a proactive approach to identifying improvements.

Sitting at the intersection of client onboarding and regulatory compliance, the Capital Markets Analyst facilitates KYC remediation, AML due diligence, and risk classification for clients and counterparties across Front Office, Compliance, Legal, and Tax in a time-sensitive derivatives environment. Operating across onboarding systems design, policy discussions, and external due diligence tool usage, this role refines client onboarding procedures and database enhancements that protect the organization from reputational and operational risk.

Job Functions

• Engage internal and external clients to facilitate onboarding and maintenance processes across Front Office, Compliance, AML, Operations, Legal, and Tax in a time-sensitive environment.
• Review bank agreements, legal documents, and other paperwork for completeness and accuracy.
• Assess and assign risk classifications to clients and counterparties and remediate KYC profiles due to changes in risk factors.
• Undertake renewal due diligence on existing clients and counterparties to identify changes in risk profile, including reputational and operational risk factors.
• Participate in discussions on KYC, AML, Dodd-Frank, and FATCA policy and desktop procedure updates.
• Assist in maintenance of Client Onboarding Desktop Procedures and participate in design and testing of enhancements to client due-diligence databases and systems.
• Support management in tactical and strategic initiatives related to onboarding applications and work closely with Compliance, Tax, and Legal teams to improve policies and procedures.

Minimum Qualifications

• 1 to 3 years of experience in client onboarding.
• Working knowledge of due diligence operations and onboarding systems.
• Strong understanding of US PATRIOT Act, BSA/AML requirements, Dodd-Frank, and FATCA.
• High competency in research and analysis using external due diligence tools such as Alacra and LexisNexis.
• Good MS Excel and PowerPoint skills.
• Strong interpersonal and communication skills with ability to present to management, Front Office, Compliance, and Audit stakeholders.
• Well-organized, able to multitask, and able to maintain composure in a fast-paced, high-pressure environment.
• Self-starter with the ability to take direction quickly and balance compliance with commercial pragmatism.
• Spanish language skills strongly preferred.