Agency MBS Trader, VP | Market-Making & Risk

santander; España; Presencial; EUR 196.000 - 243.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Santander Benefits

Descripción de la vacante

Santander's Agency Mortgage-Backed Securities Trading team seeks a Vice President to lead market-making and risk oversight across Agency MBS products in a fast-paced environment.

You will execute trades, price securities, develop hedges, monitor risk limits, and collaborate with Sales, Research, and Compliance to deliver liquidity and ideas to institutional clients while upholding strict regulatory standards.

Responsabilidades

• Make markets and execute transactions across Agency MBS products, including To-Be-Announced securities, specified pools, pass-through securities, and related mortgage products.
• Manage trading positions, market risk, basis risk, convexity risk, prepayment exposure, and daily profit and loss within approved limits.
• Price securities and evaluate relative-value opportunities using market data, prepayment assumptions, yield and spread analysis, option-adjusted spread analysis, and other mortgage analytics.
• Develop and execute hedging strategies using U.S. Treasury securities, futures, swaps, options, and other appropriate instruments.
• Monitor macroeconomic developments, interest-rate movements, Federal Reserve activity, housing-market trends, mortgage origination dynamics, and regulatory developments that may affect Agency MBS valuations.
• Generate actionable trade ideas and communicate market color, pricing, liquidity, and risk considerations to Institutional Sales and clients.
• Support the growth of the Agency MBS franchise by deepening client relationships, identifying revenue opportunities, and contributing to broader fixed-income strategy.
• Collaborate with Research and Sales to develop client-facing content and differentiated market perspectives.
• Maintain accurate position, risk, valuation, and profit-and-loss records and promptly investigate or elevate discrepancies.
• Ensure trading activity complies with applicable laws, regulations, firm policies, supervisory procedures, and market-conduct standards.
• Partner with Market Risk, Credit Risk, Compliance, Operations, and Finance to resolve trade, valuation, control, and reporting matters.
• Contribute to the development and enhancement of pricing tools, trading analytics, automated processes, and risk-management infrastructure.
• Provide guidance and technical support to junior traders, analysts, and other team members.
• Demonstrate sound judgment, disciplined risk management, and a strong commitment to ethical conduct and the firm's values.

Descripción del empleo

Santander's Agency Mortgage-Backed Securities Trading team seeks a Vice President to lead market-making and risk oversight across Agency MBS products in a fast-paced environment.

You will execute trades, price securities, develop hedges, monitor risk limits, and collaborate with Sales, Research, and Compliance to deliver liquidity and ideas to institutional clients while upholding strict regulatory standards.