Key Responsibilities & Operational Scope

• Execute and drive conduct deep fundamental and structural research across securitized credit markets, developing differentiated fundamental and relative value views that feed directly into investment decisions.
• Working alongside experienced portfolio managers and a globally connected research team, you will be a genuine contributor from day one.
• This role demands analytical rigor across the full capital structure: from senior tranches to mezzanine and subordinated positions, across deal vintages, collateral types, and credit regimes.
• Execute and drive analyze collateral performance, deal structures, cash flow waterfalls, and macro sensitivities, build actionable investment views, and work with portfolio management teams to implement these positions across a variety of strategy styles.

Candidate Profile & Required Qualifications

• 3–7+ years of experience in securitized credit, gained at a fund manager, sell-side desk, rating agency, bank or similar role.
• Experience in securitized credit is required, and experience across multiple securitized credit asset classes – including some or all of ABS, CMBS, RMBS, Agency MBS, or other structured products – is preferred.
• A self-starter mindset – you will work independently and with the portfolio management team, take ownership of your coverage, and bring genuine passion for structured markets and fixed income.
• A bachelor’s degree is required, and CFA candidacy or a strong desire to pursue the designation is valued.
• Ability to analyze transactions across the capital structure, with comfort evaluating collateral quality, structural protections, and relative value at different attachment points.
• Excellent verbal and written communication skills, with the ability to synthesize complex structured transactions into clear, actionable investment views and manage a broad coverage universe simultaneously.
• Microsoft Office and Bloomberg skills, with proficiency in cash flow modelling and securitization analytics tools such as Intex.
• Exposure to AI tools is viewed as an asset and a genuine growth opportunity as we continue to integrate these capabilities into the research process.

What Macquarie Offers

• Market-Leading Rewards: Competitive base remuneration supplemented by performance-linked incentive programs.
• Flexible Work Frameworks: Modern hybrid working arrangements supporting professional productivity and personal balance.
• Professional Development: Clear internal mobility pathways, technical skill enhancement, and professional accreditation support.
• Comprehensive Wellbeing: Access to employee assistance programs, holistic healthcare coverage, and dedicated wellbeing initiatives.
• Global Network & Impact: Collaborative engagement with cross-border teams across the Americas, EMEA, and Asia-Pacific regions.

Core Competencies & Key Technical Focus