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Type of Role: Investments

Experience Level: Analyst/Associate

Location: Charlotte, North Carolina

Salary: $90K - $125K

The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA, formerly TIAA-CREF), is a Fortune 100 financial services organization that is a provider of financial services in the academic, research, medical, cultural and governmental fields. TIAA serves over 5 million active and retired employees participating at more than 15,000 institutions and has $1 trillion in combined assets under management with holdings in more than 50 countries. Details below.

Charlotte, NC or New York, NY

Agency RMBS Analyst

The Taxable Fixed Income Analyst supports the process of obtaining, analyzing, and organizing Taxable Fixed Income market-related information from internal and external sources. Working under general supervision, this job monitors, researches and analyzes markets and trends to support investment decisions and optimize Taxable Fixed Income business.

Key Responsibilities and Duties

  • Conducts research analyses on securities and the overall economic environment to optimize Taxable Fixed Income business.
  • Research, analyze and monitor relevant economic, industry, and GSE data and market trends, preparing reports and developing models to support investment decisions.
  • Conduct surveillance of MBS investments within the portfolios.
  • Research prepayment and default/loss trends for various mortgage product types.
  • Assemble and normalizes research data sets to support Taxable Fixed Income portfolios and assess and calibrate models.
  • Provide updates on model assumption and analytics.
  • Assists in additional studies of the asset class or individual securities by searching for, compiling and analyzing data.
  • Develops research methodologies and identifies information sources to improve Taxable Fixed Income research.
  • Contributes to all formal reports and research processes (ESG/internal ratings, recommendation lists, watch lists, etc.) that enable the efficient and transparent oversight of the asset class.
  • Edits and prepares research materials and results for dissemination.
  • Provide analytical and portfolio/risk management support for the residential and multi-sector portfolio managers.

Educational Requirements

  • University (Degree) Preferred

Work Experience

  • 3+ Years Required; 5+ Years Preferred

Physical Requirements

  • Physical Requirements: Sedentary Work

Career Level

Required Qualifications:

·       Minimum of 3+ years of experience in agency MBS and securitized products.

Preferred Qualifications:

·       5+ years of experience in agency MBS and securitized products.

·       Working knowledge of MBS products, modeling, and prepayment behavior.

·       Strong interpersonal and written/verbal communication skills with a strong attention to detail.

·       Proficiency with Microsoft Excel.

·       Experience with Bloomberg and Yieldbook.

Related Skills

Asset Valuation, Capital Markets, Collaboration, Communication, Credit Analysis, Data Analysis, Financial Modeling, Fixed Income Investments, Investment Research/Analysis, Investments, Market/Industry Dynamics, Research Synthesization, Sector Expertise, Underwriting

Base Pay Range: $90,000/yr. – $125,000/yr.

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).


Company Overview

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.