ABF Deal Surveillance, Senior Associate

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.Title: ABF Deal Surveillance, Senior AssociateCorporate Title: Senior AssociateDepartment: Asset Based FinanceLocation: Charlotte, NC, Boston, MA, or New York, NYJob SummaryBarings is seeking an analytical professional to support the Asset-Backed Finance (ABF) platform in a deal-level surveillance role. This role is responsible for active surveillance of asset-backed finance transactions, with a focus on deal-level performance, structural features, and risk identification.The individual will analyze transaction performance against structural expectations (e.g., triggers, covenants, cash flow dynamics) and proactively identify emerging risks across ABF investments.This is a hands-on role working closely with investment teams to provide forward-looking insights on transaction health, and ensure timely, accurate, and consistent surveillance across public and private ABF strategies, including residential, consumer, and commercial asset finance and whole loan purchases.Primary ResponsibilitiesDeal‑Level SurveillanceMonitor ABF transactions at the deal level, evaluating performance relative to structural features (triggers, covenants, credit enhancement, waterfalls)Analyze cash flow dynamics and transaction performance to assess risk of trigger breaches or structural deteriorationIdentify and escalate deterioration in deal performance, including delinquency trends, loss assumptions, and structural pressure pointsTrack and interpret deal events (e.g., amendments, restructurings, servicer changes)Loan‑Level Surveillance & DataEvaluate collateral performance trends (delinquencies, losses, prepayments, concentrations) in the context of deal structure and credit assumptionsValidate and challenge loan-level data to ensure accuracy and consistency with expectationsIdentify performance outliers and translate them into implications at the deal levelSurveillance Materials & ReportingDevelop concise surveillance summaries highlighting key risks, trends, and forward-looking considerations to help drive investment discussions and portfolio reviewsManage ad‑hoc surveillance requests related to portfolio performance, asset behavior, or transaction eventsProcess & Surveillance FrameworkSupport and enhance surveillance frameworks to ensure consistent, timely, and insightful analysis of transaction performanceContribute to the refinement of risk identification, escalation, and monitoring practices across the ABF platformIdentify opportunities to improve data quality, analytical workflows, and transparency of surveillance outputsCross‑Functional CoordinationPartner with investment, portfolio management, and risk teams to assess deal performance and support informed decision-makingEngage with servicers, trustees, and data providers to obtain, validate, and interpret transaction-level informationSupport responses to portfolio reviews, risk discussions, and internal inquiries, providing clear, analysis-driven insightsQualifications2–5 years of experience in structured credit, securitizations, or asset-backed finance (ABS, RMBS, CLOs, or similar)Experience monitoring transaction performance at the deal level, including triggers, covenants, and structural mechanicsStrong understanding of deal structures (waterfalls, credit enhancement, tranche behavior)Ability to analyze collateral trends and assess implications at the transaction levelFamiliarity with transaction documentation (offering memos, indentures, servicing agreements)Experience identifying and communicating emerging credit risksExperience with servicer or trustee reporting and loan-level datasetsBackground in asset management, rating agencies, bank securitized products, or structured finance teams preferredAdvanced Excel skills; experience with Intex or Bloomberg a plusComfort preparing recurring reports, dashboards, and presentation materialsStrong organizational skills and ability to manage recurring deliverables and deadlinesEffective written and verbal communication skills and a collaborative, team‑oriented mindsetBase Salary Range: $105,000-140,000 and additional incentive compensation.Requisite SkillsAsset Backed Financing, Credit Monitoring, Portfolio Monitoring, SurveillanceAdditional SkillsBarings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.Barings Offers a Comprehensive Benefits Package IncludingCORE BENEFITS & WELLNESSMedical (including Virtual Care), Prescription, Dental, and Vision CoverageFitness Center Reimbursement Program (Including Online Memberships)Employee Assistance Program (EAP)Fertility BenefitsFINANCIAL WELL-BEINGHighly competitive 401(k) Plan with Company MatchHealth Savings Account (HSA) with Company ContributionsFlexible Spending Accounts (FSA) - Health Care & Dependent CareRetirement Health Reimbursement AccountLIFE INSURANCEBasic and Supplemental Life InsuranceSpouse and Child Life InsuranceTIME OFF, DISABILITY AND LEAVE OF ABSENCEPaid Vacation, Sick Days and Annual HolidaysPaid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)Short and Long Term Disability PlansPaid Volunteer TimeOther BenefitsEducation Assistance ProgramCharitable Matching Gifts ProgramCommuter Reimbursement ProgramAdoption and Surrogacy Reimbursement Program