Fixed Income Trader – Mortgage Backed Securities (MBS)

Location
Baltimore, Maryland (US)
Salary
Commensurate with experience
Posted
Apr 16, 2018
Closes
May 16, 2018
Industry Sector
Asset Management
Employment Type
Full Time
Education
Bachelors

Position Purpose:

This individual will work with the Global Trading Team with the responsibility for trading mortgage backed securities (MBS), including TBA’s, specific pass-through pools, as well as agency collateralized mortgage obligations (CMOs) that include fixed, floating, interest only, and principle only structures.  This individual will also be responsible for communicating themes, trends, and activity relating to the MBS market to portfolio managers, analysts, and other traders on a regular basis.  The incumbent must maintain a strong working knowledge of the MBS markets and keep abreast of evolving trends within the industry.  This trader will also be responsible for providing analysis and commentary on relative value. 

 

Primary Accountabilities:

  • Execute buy and sell transactions on assigned securities
  • Maximize best execution practices both voice and multiple trading platforms/venues
  • Develop, maintain, and manage relationships with broad set of broker/dealers
  • Gather and analyze market color and communicate relevant information to portfolio managers, analysts, and other traders
  • Identify relative value opportunities based on sector, spread, yield, duration, and convexity

 

Qualifications:

Required:

  • Bachelor’s degree and minimum 3 years Fixed Income trading experience
  • Strong ability to build and maintain relationships both externally and internally is essential
  • Ability to work effectively as part of a team of portfolio managers, analysts and traders
  • Strong quantitative, analytical and organizational skills
  • Ability to negotiate effectively with broker/dealers
  • Ability to work under pressure and multi-task with precision
  • Strong attention to detail
  • Self-motivated

 

Preferred:

  • At least three to five years of experience trading MBS
  • Bachelor’s degree in Finance or Accounting
  • MBA, MA or CFA (or in progress)

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