Job Application for Junior Quant - MBS

Man Group; Town of Boston (NY); On-site; USD 110,000 - 130,000; Full time

Benefits offered by this job

Holiday Entitlements

Pension/401k

Life Insurance

Long-term disability coverage

Sick pay

Parental leave

Long-service leave

Private medical coverage

Discounted gym membership options

Pet insurance

Job summary

Man Group, a global alternative investment firm, is seeking a junior quantitative researcher with a background in agency mortgage-backed securities (MBS) and CMOs. You will sit with the portfolio managers and senior researchers, balancing live trading analytics with your own research into new sources of return.

You will own research tasks rather than just support others. The role emphasizes hands-on analysis, programming, and the use of AI tools to enhance efficiency, with compensation including

Qualifications

• Degree in quantitative discipline: engineering, mathematics, physics, CS or similar.
• At least 1 year working with agency MBS on buy-side, dealer, or analytics vendor.
• Understanding of Agency MBS concepts: TBA, rolls, payup-ups, collateral attributes, prepayment behavior and drivers.
• Strong statistics and programming ability with clear, testable code.
• Ability to present complex ideas clearly.
• Plus: knowledge of CMO structures, GSE programs, prepayment model calibration or validation, spreads, durations, back-testing, portfolio construction.

Responsibilities

• Assist senior PMs and researchers in finding profitable trading strategies and alphas.
• Research, scope, and onboard new securitized markets and sectors.
• Improve the systematic trading platform for securitized products.
• Perform novel research on trading signals, prepayment modeling, pricing, and hedging.
• Utilize AI tools to enhance research and trading efficiency and impact.

Skills

Statistics

Programming

Communication

Research

Problem solving

Education

Bachelor's degree in quantitative field

Tools

AI tools

Job description

About Man Group

Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent.

Headquartered in London, we manage $253.6 billion* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information www.man.com

At Man Group, we respect your privacy and we are committed to protecting your Personal Data. We have developed policies and processes which are designed to provide for the security and integrity of your Personal Data. We are committed to Processing your data fairly and lawfully, and being open and transparent about such Processing. For further information on how we process your data, please see the privacy notice for applicants here.

* As at 30 June 2026

The Team

Man Group is one of the world’s largest publicly listed alternative investment managers. The Systematic Securitized Credit team builds systematic trading strategies across securitized products and the fixed-income markets around them, researching markets, signals and portfolio construction to capture returns that are hard to reach and hard to replicate. AI is embedded throughout our workflow, from research to execution.

Role & Responsibilities

We are looking for a junior quantitative researcher with a background in agency mortgage-backed securities (MBS) and CMOs. You will sit with the portfolio managers and senior researchers who run the strategy, splitting your time roughly evenly between the analytics that inform live trading and your own research into new sources of return. Junior members here own research; they do not only support other people’s.

• Helping senior PMs & researchers finding new & profitable trading strategies & alphas
• Researching, scoping, and onboarding new securitized markets and sectors
• Improving our systematic trading platform for securitized products, following markets & research
• Doing novel research on trading signals, prepayment modeling, pricing, and hedging
• Utilizing AI tools across all above responsibilities to make research & trading more efficient & impactful

Skills & Qualifications

• A degree in a quantitative discipline — engineering, mathematics, physics, computer science or similar.
• At least a year working with agency MBS: on a buy-side desk, at a dealer, or an analytics vendor.
• Understanding of Agency MBS concepts: TBA, rolls, payup-ups, collateral attributes, prepayment behavior and drivers.
• Strong applied statistics and programming ability: the judgement to tell a real result from noise, and the discipline to write code others can read, test and build on.
• The ability to discuss and present complex ideas in an intuitive, easy to follow way
• Following are plus: understanding of CMO structures (IO/PO/Floater), GSE program types, Prepayment model calibration or validation, various spreads & durations, systematic back-testing and portfolio construction.

The anticipated based salary range for this position is listed below. Compensation packages would also include benefits and a discretionary bonus. This is the base salary range that the Company believes it will pay for this position at the time of this posting based on the location and requirements of the position as well as the skills, qualifications, and experience of the applicant. The Firm reserves the right to modify this pay range at any time.

US Pay Range

$110,000 - $130,000 USD

Inclusion, Work-Life Balance and Benefits at Man Group

You’ll thrive in our working environment that champions equality of opportunity. Your unique perspective will contribute to our success, joining a workplace where inclusion is fundamental and deeply embedded in our culture and values. Through our external and internal initiatives, partnerships and programmes, you’ll find opportunities to grow, develop your talents, and help foster an inclusive environment for all across our firm and industry. Learn more at www.man.com/diversity.

Our comprehensive benefits package includes competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Depending on your location, you may also enjoy additional benefits such as private medical coverage, discounted gym membership options and pet insurance.

• competitive holiday entitlements
• pension/401k
• life and long-term disability coverage
• group sick pay
• enhanced parental leave
• long-service leave
• private medical coverage
• discounted gym membership options
• pet insurance

Equal Employment Opportunity Policy

Man Group provides equal employment opportunities to all applicants and all employees without regard to race, color, creed, national origin, ancestry, religion, disability, sex, gender identity and expression, marital status, sexual orientation, military or veteran status, age or any other legally protected category or status in accordance with applicable federal, state and local laws.

Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact