MBS Trader

Optimal Blue; Chevy Chase (MD); Hybrid; USD 60,000 - 70,000; Full time

Benefits offered by this job

Profit sharing bonus

401(k) with company match

Medical, dental, vision

Job summary

Optimal Blue is seeking a junior MBS Trader to join the Hedge Account Management team in Chevy Chase, MD. The role involves supporting risk analytics, executing hedge trades, and developing tools to enhance client profitability.

You will learn to work with mortgage analytics, monitor risk positions, and assist with valuation and reporting while building relationships with brokers, dealers, and servicing firms. Hybrid work arrangement applies.

Qualifications

• Bachelor’s degree or the equivalent combination of education, training, and work experience.
• Requires 0 – 3+ years of fixed income mortgage trading, portfolio, or risk management experience.
• Knowledge of mortgage securities and markets preferred.
• Strong quantitative skills with solid grounding in basic mathematical and statistical concepts.
• Outstanding verbal and written communication skills to technical and non-technical audiences.

Responsibilities

• Support the Hedge Account Management Team as it evaluates, defines, and executes hedge strategies, derivation of risk management analytics and historical data.
• Execute hedge trades on behalf of clients, typically using forward-traded TBA or other market instruments.
• Work directly with Hedge Account Management Team to implement new tools, troubleshoot existing setups, and other ad hoc analysis.
• Heavy emphasis on supporting the overall trade desk with trading TBA and Specified Pool Securities.
• Responsible for assisting with mortgage valuation analytics, report development, testing, and feedback.
• Assist with monitoring risk positions in the mortgage pipeline and/or servicing asset intraday and alert the appropriate account management team of any exceptions to policy limits.

Skills

Fixed income

Trading

Risk management

Quantitative skills

Communication skills

Team collaboration

Education

Bachelor’s degree

Job description

(Hybrid – 2 days per week in the office | Chevy Chase, MD)

We are offering a salary of $60,000–$70,000 USD for this position.

Overview

Optimal Blue is a leading provider of innovative secondary market solutions and actionable data services that deliver integrated solutions to transform the mortgage and capital market industries.

We are looking for an MBS Trader that will be responsible for working as a junior member of a Hedge Account Management team to assist with fixed income analytics, risk management, and/or trading. Learn to execute trading strategies on behalf of clients, implement tools that lead to greater client profitability and contribute to the further development of our industry leading technology.

Responsibilities

• Support the Hedge Account Management Team as it evaluates, defines, and executes hedge strategies, derivation of risk management analytics and historical data.
• Execute hedge trades on behalf of clients, typically using forward-traded TBA or other market instruments, and trading loans on behalf of clients, using bulk, cash, co-issue, and other common or specialty executions
• Work directly with Hedge Account Management Team to implement new tools, troubleshoot existing setups, and other ad hoc analysis.
• Heavy emphasis on supporting the overall trade desk with trading TBA and Specified Pool Securities
• Responsible for assisting with mortgage valuation analytics, report development, testing, and feedback.
• Assist with monitoring risk positions in the mortgage pipeline and/or servicing asset intraday and alert the appropriate account management team of any exceptions to policy limits.
• Provide Hedge Account Management Team support with monitoring and reporting performance of hedged positions as interest rates change and compare with predicted value changes. Explain any material deviations from projections through attribution analysis.
• Support the Hedge Account Management Team in maintaining relationships with Broker/Dealer community on behalf of clients; provide client assistance in expanding credit availability.
• Maintain relationships with mortgage bankers, investors and servicing brokerage firms, and other firms making a market in whole loans.
• May be responsible for other miscellaneous research projects.
• Performs other related duties as assigned.

Minimum Requirements

• Bachelor’s degree or the equivalent combination of education, training, and work experience.
• Requires 0 – 3+ years of fixed income mortgage trading, portfolio, or risk management experience.

Preferred Qualifications

• Knowledge of company products, services, and capabilities.
• Excellent customer service skills in high stakes business-to-business environment.
• Ability to learn and comprehend the mortgage origination process, mortgage securities and markets through on-the-job training.
• Knowledge of options theory, derivative markets and instruments, macroeconomics, and financial markets.
• Strong quantitative skills with solid grounding in basic mathematical and statistical concepts.
• Outstanding verbal and written communication skills to technical and non-technical audiences of various levels within the organization (e.g., executive, management, individual contributors) as well as outside the organization.
• Excellent analytical and problem-solving skills with close attention to detail.
• Ability to work in a fast-paced team environment supporting multiple client requests and shifting priorities with excellent multitasking and time management skills.
• Positive outlook, strong work ethic, and responsive to internal and external customers and contacts.

FLSA Designation (US Only)

Exempt

Salary Range

The estimated base salary range for this role is USD$63,000.00 - USD$77,000.00 per year. We include salary ranges in job postings only where required by applicable pay transparency laws, based on the jurisdictions in which the role may be performed. The posted range is a good faith estimate and reflects factors that are subject to change. Final offer amounts may vary based on job-related factors, including work location, candidate experience and expertise, and other relevant considerations.

Other Compensation (US Only)

This role will also be eligible for participation in a Company profit sharing bonus plan. Plan details will be provided to you upon hire.

Benefits (US Only)

Full time employees will also be eligible for enrollment in a wide range of choices of benefits , including medical, dental, vision, basic life insurance, short/long term disability, 401(k) participation (with company match).

Time off (US Only)

The Company provides a minimum of 10 days of vacation for new employees , sick time based on state requirements, 8 Company-paid holidays and 2 personal holidays per year.

Information Regarding Diversity and Inclusion

We recognize the value and importance of diversity and inclusion in our communities and in the workplace. We celebrate diversity and one of our goals as an employer is to create an inclusive work environment for all employees. We are an equal opportunity employer and do not discriminate against any employee or applicant because of race, religion, sex, sexual orientation including gender identity or expression, pregnancy, national origin, age, marital status, veteran status, disability status, or any other category or characteristic protected by law.

Applicants with disabilities who would like to require a reasonable accommodation related to any part of the application process may contact us at [e-mail].

Disclaimer Note

NOTE: If an applicant is selected to receive a conditional offer of employment, and in accordance with applicable law, a criminal background check may be conducted before the offer becomes final and employment begins. Pursuant to the San Francisco Fair Chance Ordinance, and other applicable laws, we will consider for employment qualified applicants with arrest and conviction records.

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