Agency CMO Trading Analyst

2764 Barclays Capital Inc.; City of Niagara Falls (NY); On-site; USD 110,000 - 125,000; Full time

Job summary

Barclays Capital Inc. in New York, NY is seeking an Agency CMO Trading Analyst to execute trades and manage risk across a defined portfolio of Agency Mortgage-Backed Securities and related instruments.

You will support daily market-making and hedging, monitor risk metrics and P&L, and collaborate with structurers, research, and technology teams to enhance analytics and deal execution. This role is regulated by FINRA; experience with Agency MBS products, market-making, and risk reporting is

Qualifications

• Experience in Agency MBS products, including agency pass-throughs, specified pools, and CMO structures.
• An understanding of market-making, hedging strategies, and risk portfolio.
• Proficiency in daily P&L preparation, reconciliation, and risk reporting.

Responsibilities

• Execute trades and guide risk across a defined portfolio of Agency Mortgage-Backed Securities.
• Support daily market-making and hedging activities; maintain risk oversight and P&L tracking.
• Collaborate with structurers, research, and technology teams to enhance analytics, trading infrastructure, and deal execution.

Skills

Agency MBS experience

Market making

Hedging strategies

P&L reporting

Education

Bachelor's degree in finance

Job description

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.

Analyst Expectations

To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement. Requires in-depth technical knowledge and experience in their assigned area of expertise Thorough understanding of the underlying principles and concepts within the area of expertise They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources. 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 develop technical expertise in work area, acting as an advisor where appropriate. Will have an impact on the work of related teams within the area. Partner with other functions and business areas. Takes responsibility for end results of a team’s operational processing and activities. Escalate breaches of policies / procedure appropriately. Take responsibility for embedding new policies/ procedures adopted due to risk mitigation. Advise and influence decision making within own area of expertise. Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct. Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function. Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function. Make evaluative judgements based on the analysis of factual information, paying attention to detail. Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Guide and persuade team members and communicate complex / sensitive information. Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation. 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.

Join Barclays as an Agency Collateralized Mortgage Obligations (CMO) Trading Analyst. 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 guide risk across a defined portfolio of Agency Mortgage-Backed Securities and related financial instruments, ensuring alignment with market conditions and firm strategy. You will support daily market-making and hedging activities while maintaining ample oversight of risk metrics, P&L reporting, and trade accuracy. You will collaborate closely with structurers, customer service teams, research, and technology partners to enhance analytics, trading infrastructure, and deal execution.

To be successful as an Agency CMO Trading Analyst, you should have: Experience in Agency MBS products, including agency pass-throughs, specified pools, and CMO structures An understanding of market-making, hedging strategies, and risk portfolio Proficiency in daily P&L preparation, reconciliation, and risk reporting

• Experience in Agency MBS products, including agency pass-throughs, specified pools, and CMO structures
• An understanding of market-making, hedging strategies, and risk portfolio
• Proficiency in daily P&L preparation, reconciliation, and risk reporting

Some other highly valued skills may include: Problem-solving capabilities with attention to detail Effective communication skills for interfacing with various teams Ability to coordinate multiple priorities and execute tasks under time-sensitive conditions Collaborative mindset with a willingness to partner across functions to drive outcomes.

• Problem-solving capabilities with attention to detail
• Effective communication skills for interfacing with various teams
• Ability to coordinate multiple priorities and execute tasks under time-sensitive conditions
• Collaborative mindset with a willingness to partner across functions to drive outcomes

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: $110,000 Maximum Salary: $125,000

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.

Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.