Hybrid MBS Trade Allocator – Agency TBA Specialist

Mizuho Financial Group Inc.; New York (NY); Hybrid; USD 82,000 - 135,000; Full time

Job summary

Mizuho Financial Group, Inc. is seeking a MBSCC Trade Assignments Specialist / MBS Allocator in New York. You will process Agency MBS TBA trade assignments and ensure accurate allocation through settlement, working with Trading, Sales and Settlements.

The role requires 3–7+ years in Agency MBS middle office, DTCC MBSCC knowledge, advanced Excel, and experience with ION, Bloomberg, MBSE and Impact. Hybrid work is available; base salary range is $82,000–$135,000 with discretionary bonus.

Qualifications

• 3–7+ years of experience in Agency MBS middle office, trade support, allocations, or related operations.
• Strong understanding of the MBS trade lifecycle, including TBA settlement conventions, allocations/assignments, pair-offs, rolls, pool assignment processes, and fails/claims.
• Strong knowledge of the trade lifecycle, including DTCC netting procedures and exception management across fixed income products.
• Hands-on experience with DTCC MBSCC trade assignments and processing (matching/affirmation, netting/obligations, and exception queues).
• Working knowledge of MBSCC timing, cutoff schedules, and key settlement controls; ability to coordinate across Trading and Settlements to prevent/mitigate fails.
• Advanced Excel skills and strong attention to detail; ability to work effectively under intraday deadlines.
• Clear written and verbal communication skills with the ability to partner across Trading, Sales, Settlements, and Technology.
• Bachelor’s degree or equivalent relevant experience.

Responsibilities

• Manage and process MBSCC trade assignments for Agency MBS TBA trades, ensuring timely submission and accurate assignment details in line with desk instructions and market cutoffs.
• Monitor DTCC MBSCC for trade matching/affirmation; work exception queues and resolve unmatched, DK, and un-compared items efficiently, coordinating with counterparties and internal stakeholders.
• Allocate Agency MBS TBA trades to accounts/strategies and maintain accurate TBA positions and monitor pool position as needed.
• Provide trader support including trade entry and capture; confirm trade economics and required identifiers to ensure trades are assignment-ready for MBSCC processing.
• Partner with Trading and Sales to respond to trade queries, investigate issues, and coordinate resolutions with internal teams and counterparties.
• Support netting procedures across MBSCC settlement cycle; coordinate with Settlements on obligations and timely resolution of exceptions impacting settlement.
• Process and control trade amendments/cancellations and assignment updates; reconcile front-office bookings to MBSCC status and ensure changes are reflected accurately through the assignment and settlement lifecycle.
• Track and communicate daily MBSCC assignment and matching status via dashboards; escape time-sensitive risks that could impact settlement.
• Monitor FOBO reconciliation reports and resolve trade/position breaks; perform position and P&L support checks as applicable and clear exceptions through investigation and coordination.
• Assist with ad-hoc requests as needed.

Skills

Advanced Excel

Attention to detail

Effective communication

Education

Bachelor’s degree or equivalent

Tools

ION

Bloomberg

MBSE

Impact

Job description

Mizuho Financial Group, Inc. is seeking a MBSCC Trade Assignments Specialist / MBS Allocator in New York. You will process Agency MBS TBA trade assignments and ensure accurate allocation through settlement, working with Trading, Sales and Settlements.

The role requires 3–7+ years in Agency MBS middle office, DTCC MBSCC knowledge, advanced Excel, and experience with ION, Bloomberg, MBSE and Impact. Hybrid work is available; base salary range is $82,000–$135,000 with discretionary bonus.