Hybrid Agency MBS Trader | Relative-Value Alpha

Loomis Sayles; Orinda (CA); Hybrid; USD 150,000 - 200,000; Full time

Benefits offered by this job

Discretionary annual incentive

Benefits package

Job summary

Loomis Sayles in Orinda, CA, is seeking a Mortgage Trader to identify relative value opportunities in US RMBS and to work with the Disciplined Alpha team. You'll trade Agency MBS specified pools, TBAs, and CMOs, and collaborate with portfolio managers on strategy and execution.

The role follows a hybrid schedule (2 days remote, 3 in office). Compensation includes a $150k-$200k salary and a discretionary annual incentive plus a comprehensive benefits package.

Qualifications

• Bachelor's degree required; CFA or MBA preferred.
• Deep knowledge of Agency MBS market structure and drivers of mortgage cash flows.
• Experience in non-agency MBS trading or research is a plus.
• Several years of sell-side trading experience in Agency MBS pools, TBAs, and CMOs.

Responsibilities

• Partner with Portfolio Manager in trading and managing Agency MBS pools, TBAs, and CMOs.
• Evaluate Agency MBS universe, prepayment dynamics and market drivers to identify opportunities.
• Assess market sentiment, liquidity, trading flows and volatility trends for portfolio positioning.
• Engage with Loomis Sayles Mortgage & Structured Finance group.
• Cultivate broker-dealer relationships to source market intelligence and opportunities.
• Lead relative value analysis and risk assessment within Disciplined Alpha Team.
• Represent the team in travel to Boston, NY meetings, and industry conferences.

Skills

Agency MBS trading

Portfolio management

Risk assessment

Market research

Communication skills

Education

Bachelor's Degree

CFA

MBA

Tools

Electronic trading tools

Job description

Loomis Sayles in Orinda, CA, is seeking a Mortgage Trader to identify relative value opportunities in US RMBS and to work with the Disciplined Alpha team. You'll trade Agency MBS specified pools, TBAs, and CMOs, and collaborate with portfolio managers on strategy and execution.

The role follows a hybrid schedule (2 days remote, 3 in office). Compensation includes a $150k-$200k salary and a discretionary annual incentive plus a comprehensive benefits package.