Agency CMO Trader/Structurer AVP

Barclays; New York (NY); On-site; USD 125,000 - 175,000; Full time

Job summary

Barclays in New York, NY is seeking an Agency CMO Trader/Structurer AVP to execute trades and manage risk across Agency MBS and related instruments, aligning with market conditions and firm strategy. You will support daily market-making, hedging, and risk reporting, while collaborating with structurers, sales, research and technology to enhance analytics, trading infrastructure and deal execution.

The role requires deep mortgage-product expertise, strong analytical skills, and the ability to

Qualifications

• Expertise in Agency MBS products, including TBA, specified pools, and CMO structures.
• Understanding of market-making, hedging strategies, and portfolio risk management
• Proficiency in daily P&L preparation, reconciliation, and risk reporting
• Ability to conduct prepayment analysis and mortgage relative value assessments
• Experience collaborating with modeling, research, and technology teams to enhance trading analytics and infrastructure

Responsibilities

• Execution of buy and sell orders or pricing of liquidity in various financial instruments while adhering to the bank's trading strategies and risk parameters.
• Monitoring and analysis of global financial markets, economic indicators, news, and geopolitical events to identify trading opportunities and assess market risks.
• Management and monitoring of the risk associated with the trading portfolio and ensuring compliance with regulatory and internal risk management guidelines.
• Collaboration with research analysts and other teams to gather insights and information for trading decisions.

Skills

Agency MBS

Market-making

P&L reporting

Prepayment analysis

Team collaboration

Job description

Join Barclays as an Agency CMO Trader/Structurer AVP. At Barclays, our vision is clear -to redefine the future of banking and help craft innovative solutions. In this role, you will execute trades and manage risk across a defined portfolio of Agency MBS and related financial instruments, ensuring alignment with market conditions and firm strategy. You will support daily market-making and hedging activities while maintaining strong oversight of risk metrics, P&L reporting, and trade accuracy. You will collaborate closely with structurers, sales teams, research, and technology partners to enhance analytics, trading infrastructure, and deal execution. You will also combine technical expertise in mortgage products with strong analytical skills to identify relative value opportunities and improve risk-adjusted returns.

To be successful as an Agency CMO Trader/Structurer AVP, you should have:

• Expertise in Agency MBS products, including TBA, specified pools, and CMO structures
• An understanding of market-making, hedging strategies, and portfolio risk management
• Proficiency in daily P&L preparation, reconciliation, and risk reporting
• Ability to conduct prepayment analysis and mortgage relative value assessments
• Experience collaborating with modeling, research, and technology teams to enhance trading analytics and infrastructure

Some Other Highly Valued Skills May Include

• Analytical and problem-solving capabilities with attention to detail
• Effective communication skills for interfacing with various teams
• Ability to manage multiple priorities and execute tasks under time-sensitive conditions
• Collaborative mindset with a willingness to partner across functions to drive outcomes
• High degree of accountability, integrity, and ownership in support of revenue and business goals

You may be assessed on the key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

This role is located in our New York, NY office.

This role is regulated by FINRA.

Minimum Salary: $125,000

Maximum Salary: $175,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

Purpose of the role

To execute trades and manage risk within a defined portfolio of financial instruments and staying informed about market trends and developments to make informed trading decisions.

Accountabilities

• Execution of buy and sell orders or pricing of liquidity in various financial instruments while adhering to the bank's trading strategies and risk parameters.
• Monitoring and analysis of global financial markets, economic indicators, news, and geopolitical events to identify trading opportunities and assess market risks.
• Management and monitoring of the risk associated with the trading portfolio and ensuring compliance with regulatory and internal risk management guidelines.
• Collaboration with research analysts and other teams to gather insights and information for trading decisions.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L - Listen and be authentic, E - Energise and inspire, A - Align across the enterprise, D - Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship - our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset - to Empower, Challenge and Drive - the operating manual for how we behave.