Australian RMBS Methodology Briefing
You are cordially invited to an exclusive briefing, hosted by senior leaders at Moody’s Ratings’ Structured Finance team.
Residential mortgage-backed securities (RMBS) are the largest asset class in the Australian securitisation market. In this session, Moody’s Ratings analysts will outline our global approach to rating RMBS transactions and demonstrate the key analytical tools available to the market.
Join us our speakers for an overview of the core principles underpinning our RMBS methodology, including the key factors that influence credit enhancement and ratings outcomes.
Discussion topics:
- The key building blocks of Moody’s approach to rating structured finance securities
- An overview of the global RMBS rating framework
- Key loan-level and portfolio-level considerations
- Structural features and their impact on credit enhancement and ratings
- A walkthrough of Moody’s MILAN and ABSROM models
Speakers
Ilya Serov
Associate Managing Director, Structured Finance
Moody's Ratings
Irene Kleyman
Senior Vice President, Structured Finance Group
Moody's Ratings
Jacqui Dredge
Vice President - Senior Analyst, Structured Finance Group
Moody's Ratings
Philip Au
Analyst, Structured Finance
Moody's Ratings
Venue
Quokka Room (Level 14) | Moody’s Sydney Office | Entry via Pitt Street
2000 Sydney
NSW
Australia
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Ilya Serov is the Associate Managing Director for Moody’s Structured Finance Group in Sydney, responsible for managing the new ratings team.
Prior to joining the Structured Finance Group, Ilya was a Senior Vice President in the Financial Institutions Group, covering Australian major and investment banks. He was also the lead analyst for the Australian mortgage insurance sector. Ilya joined Moody’s Financial Institutions team in 2011, and was first based in New York, and then Sydney. Previously, he worked in Moody’s Structured Finance Group in Australia, where his responsibilities included residential mortgage-backed securities, asset-backed securities, and esoteric structures.
Before joining Moody’s in 2003, Ilya worked as an academic at a leading Australian university, researching and lecturing on corporate finance. Ilya holds Bachelor of Laws and Bachelor of Commerce (Hons) degrees from the University of New South Wales.
| Irene Kleyman is a Senior Vice President in Moody’s Structured Finance Group, based in Sydney. She is a primary ratings analyst with a focus on RMBS, ABCP and covered bonds. Previously, she managed the surveillance team for the Australian RMBS, ABS and CMBS sectors. Prior to joining Moody’s in 2004, Irene worked for three years as a portfolio analyst at JP Morgan, Sydney, specializing in the fixed-interest market. She holds a Bachelor of Commerce and a Bachelor of Finance, both from Macquarie University, Sydney. |
Jacqui Dredge is a Vice President – Senior Analyst in Moody’s Structured Finance Group, based in Sydney. Jacqui is a primary ratings analyst with a focus on Australian RMBS and ABS. She joined Moody’s in 2018 as an Analyst.
Prior to joining Moody’s, Jacqui worked at Bank of Queensland where she was responsible for the management of Structured Finance funding partnerships.
Jacqui holds a Business Science double honors degree from the University of Cape Town and is a qualified Chartered Accountant.
Philip Au is currently an Analyst in the Structured Finance Group in Sydney, responsible for the assignment of new ratings to residential mortgage-backed securities and asset-backed securities transactions. He regularly publishes research on the mortgage sector in Australia. Philip first joined Moody's as an associate analyst in the Financial Institutions team in 2019, and has also held positions at Westpac and APRA.
Philip holds a Bachelor of Commerce (Finance) from the University of Sydney.