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Company is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Company can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Within the Fixed Income Division, the Securitized Products Credit Trading team is currently seeking a Non-Agency Residential Mortgage Backed Securities Trader. The entire array of Non-Agency RMBS includes pre-crisis subprime, option ARMs, prime, and Alt-A, in addition to post-crisis RMBS – Prime Jumbo, Non-QM, Re-performing and Non-Performing Loan securitizations, Agency Credit Risk Transfer. Experience in sell-side trading of Non-Agency RMBS is not specifically required. Other backgrounds with experience in Securitized Products or Residential Mortgages are welcome to apply.
- Managing a trading book to service clients:
o Generating attractive risk adjusted returns for Company Securitized Products Trading by producing strong revenues and while optimizing the resource needs of the business including balance sheet, capital, technology needs, salesforce time, etc.
o Building and maintaining relationships with Securitized Products RMBS institutional investors
o Understanding and managing the credit and market risk of the trading book
o Hedging interest rate, credit spread, and convexity risk as appropriate
o Working with various salesforces to help source and distribute risk
o Maintaining internal connectivity with other groups like Warehouse Lending, Global Capital Markets, Market Risk, Valuation Control, Operations, etc.
- Additional responsibilities would include:
o Working with the Residential Whole Loan Trading desk on potential whole loan securitizations
o Training and being a mentor for junior talent in Securitized Products Sales & Trading
o Developing enhanced credit and trading tools with desk strategists
- Strong people skills to build and maintain internal and external relationships
- Analytical and quantitative skills to manage credit and trading risk
- Experience in RMBS, residential whole loans, and/or trading desired
- Team oriented and commercially driven
Company is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.
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