ABS structuring - CAIA and exit ops
I work at on of the biggest issuers of ABS (think auto loans, credit cards, etc.). I act as a co arranger which means I’m involved in every single step of the transaction, from mandating all parties to going on roadshows, except financial modeling. I’m the project manager for an ABS transaction.
I am wondering whether taking the CAIA would be of benefit to me in terms of knowledge regarding ABS and recognition. I rub shoulder with quite a few banks, rating agencies and investors but so far I haven’t seen the qualification much. Or would the CFA be better regarded/more relevant?
I could imagine of getting into asset management for alternative investments. Again CFA or CAIA? I’ also quite intrigued by the banking side. I come across quite a few different groups within structured finance. Does anybody know what subgroups are within structured finance and what they actually do? Would the CAIA be here of an advantage? Would it be possible to get from my current position into asset management or structured finance at a bank?
I mentioned that I don’t do any financial modeling. Does anybody know an online course for cash flow and/or WAL modeling? If not could you recommend some books? I’m looking specifically for modeling courses for ABS ( don’t want to become a quant though) and not IB.
I appreciate your input. Many thanks in advance.