Modeling Engineer

Job Title: Securities - Waterfall Modeling Analyst

Experience: 57 Years

Location: Bangalore(remote/hybrid)

Job Description

We are seeking a highly analytical professional with experience in structured finance,

securitization, and cash flow waterfall modeling to support the development and

validation of complex security structures within a proprietary platform.

The role involves reviewing, interpreting, and validating waterfall logic derived from

transaction documents and ensuring accurate implementation within Python-based

modeling frameworks. This position requires strong domain expertise in structured

products and the ability to work closely with technology and quantitative teams.

Key Responsibilities

Review and interpret structured finance transaction documents, including

offering memoranda, pooling and servicing agreements, and prospectuses.

Analyze and validate cash flow waterfall structures for securitized products.

Translate business and deal logic into detailed modeling requirements.

Review and validate waterfall implementations generated within Python-based

frameworks.

Identify discrepancies between deal documentation and modeled outputs and

recommend corrective actions.

Collaborate with quantitative analysts, engineers, and business stakeholders to

ensure accurate representation of deal structures.

Perform testing, reconciliation, and validation of cash flow models and payment

priority rules.

Support ongoing enhancements to waterfall modeling processes and

automation capabilities.

Document assumptions, methodologies, and validation results.

Required Skills & Experience

57 years of experience in Structured Finance, Securitization, Fixed Income

Analytics, Mortgage-Backed Securities (MBS), Asset-Backed Securities (ABS),

CLOs, or related structured products.

Strong understanding of security cash flow waterfalls, payment priorities,

triggers, and credit enhancement mechanisms.

Experience reviewing and interpreting complex deal documentation.

Working knowledge of Python and experience validating or developing financial

models.

Understanding of structured product cash flow modeling and valuation

concepts.

Strong analytical and problem-solving skills.

Ability to communicate complex financial structures to technical and non-

technical stakeholders.

Preferred Qualifications

Experience with ABS, RMBS, CMBS, CLO, or other securitized products.

Exposure to financial modeling platforms, risk analytics, or quantitative tools.

Familiarity with automation, AI-assisted development, or model validation

processes.

Advanced degree in Finance, Mathematics, Engineering, Economics, or a related

discipline.