Agency MBS Trader, VP — Market-Making & Risk

Banco Santander SA; Northern (KY); Hybrid; USD 225,000 - 280,000; Full time

Benefits offered by this job

Santander Benefits

Job summary

Santander is seeking a CIB Agency Mortgage Backed Securities Trader, Vice President, to lead market-making and risk-managed trading of Agency MBS products. The role collaborates with Institutional Sales, Research, Structuring, Operations, Finance, Technology, Risk, and Compliance.

Candidates should have deep mortgage-market knowledge, strong quantitative skills, and the ability to trade decisively in a fast-paced environment, while ensuring regulatory compliance and robust risk controls.

Qualifications

• Deep knowledge of mortgage markets and quantitative analytics.
• Experience in market-making, risk management, and trade execution.

Responsibilities

• Make markets and execute transactions across Agency MBS products.
• Monitor positions, risk, and P&L within approved limits.
• Develop hedging strategies using Treasuries, futures, swaps, and options.

Skills

Agency MBS Trading

Risk Management

Job description

Santander is seeking a CIB Agency Mortgage Backed Securities Trader, Vice President, to lead market-making and risk-managed trading of Agency MBS products. The role collaborates with Institutional Sales, Research, Structuring, Operations, Finance, Technology, Risk, and Compliance.

Candidates should have deep mortgage-market knowledge, strong quantitative skills, and the ability to trade decisively in a fast-paced environment, while ensuring regulatory compliance and robust risk controls.