Give Your Team An 'Edge'
Many teams are stretched too thin to provide structured securitization training to their incoming analysts (who typically have no prior experience).
Meanwhile, analysts are often overwhelmed - flooded with new securitization terminology, unique concepts, and seemingly complex structures. Unlike traditional investment banking, securitization is rarely taught in college or by traditional 'wall-street training' programs.
This creates bottlenecks, increases the risk of mistakes, & negatively affects the entire group.
Your team deserves better.
Partner with us for "job-ready" securitization analysts that hit the ground running.
Solutions For All Sizes
We provide securitization training solutions for banks, investors, and issuers.
- On-site training (class size 3 or more)
- Cohort-based "live-stream" boot camps.
- Self-study video courses
- Hybrid (remote instruction/courses + 1-2 days on-site).
Our "hands-on" courses bridge the gap between theoretical understanding and practical application
Participants gain confidence, foundational knowledge, and skills to take the burden off senior deal team members.
Our Approach
Although solutions vary, we take a systematic approach.
1. Learn through simulated deals.
2. Master the numbers - from all vantage points (debt, equity, issuer, etc.).
3. Develop "mission critical" skills to add value (walk the walk) & become fluent in industry terminology (talk the talk).
4. Build "from scratch" models in excel.
5. Present findings - "Learn by Teaching".
Popular Choice: Securitization Boot Camp
Great for training incoming interns, analysts, associates.
Format: 5 hours of instructional video + 1-2 day boot camp (on-site or virtual).
Simulated Deal Premise:
- Our class plays the role of an investor buying auto loans from a FinTech Lender.
- We need a +10% return - but quickly learn buying unlevered auto loans doesn't get us there!
- Using securitization, we negotiate to structure a deal that works for us (+10% IRR as Securitization Equity Investors), Banks (Securitization Debt Providers), & the FinTech Lender (selling us the auto loans).
Concepts Learned
- Anatomy of a deal: structure, process, parties, incentives
- Mitigating Risk: O/C, Turbo, Subordination & Waterfall structuring,
- BK-remote SPVs / non-recourse financing
- Assessing cash flow streams and risk/return profile
Skills Developed
- Build a 'from-scratch' excel securitization model
- Static pool analysis & formulating assumptions
- Returns analysis, break-even & stress testing
- Term sheet review
- "Telling the story" with visualizations
Perspectives Gained
- Experience a lender-investor term sheet negotiation process
- Explore the vantage points of the Investor (ABS equity), the Banker (ABS Debt Provider), and the asset originator (FinTech Lender)
- Collaborate with research desks for comps & market insights
I'm Zach Bolster, Lead Instructor
I've worked in securitization since 2004 as a banker, investor, & capital markets consultant to FinTech Lenders. Over the years, I've trained interns, analysts, and "first-time issuers". I'm thrilled to be teaching securitization.
Investor Experience:
- Apollo (MD- Alternatives)
- Waterfall (FinTech Warehouse Lending).
Banking Experience:
- Wells Fargo RMBS
- Wachovia Consumer ABS
About Me:
- I live in Santa Monica with my wife and two young children.
- I'm co-founder and president of ChemoCars - a nonprofit that's provided over 25,000 free rides to cancer treatment.
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