Agency CMO Trader/Structurer AVP

Barclays•New York, NY

2d•$125,000 - $175,000•Onsite

About The Position

Join Barclays as an Agency CMO Trader/Structurer AVP. At Barclays, our vision is clear –to redefine the future of banking and help craft innovative solutions. In this role, you will execute trades and manage risk across a defined portfolio of Agency MBS and related financial instruments, ensuring alignment with market conditions and firm strategy. You will support daily market-making and hedging activities while maintaining strong oversight of risk metrics, P&L reporting, and trade accuracy. You will collaborate closely with structurers, sales teams, research, and technology partners to enhance analytics, trading infrastructure, and deal execution. You will also combine technical expertise in mortgage products with strong analytical skills to identify relative value opportunities and improve risk-adjusted returns.

Requirements

Expertise in Agency MBS products, including TBA, specified pools, and CMO structures
An understanding of market-making, hedging strategies, and portfolio risk management
Proficiency in daily P&L preparation, reconciliation, and risk reporting
Ability to conduct prepayment analysis and mortgage relative value assessments
Experience collaborating with modeling, research, and technology teams to enhance trading analytics and infrastructure

Nice To Haves

Analytical and problem-solving capabilities with attention to detail
Effective communication skills for interfacing with various teams
Ability to manage multiple priorities and execute tasks under time-sensitive conditions
Collaborative mindset with a willingness to partner across functions to drive outcomes
High degree of accountability, integrity, and ownership in support of revenue and business goals

Responsibilities

Execution of buy and sell orders or pricing of liquidity in various financial instruments while adhering to the bank's trading strategies and risk parameters.
Monitoring and analysis of global financial markets, economic indicators, news, and geopolitical events to identify trading opportunities and assess market risks.
Management and monitoring of the risk associated with the trading portfolio and ensuring compliance with regulatory and internal risk management guidelines.
Collaboration with research analysts and other teams to gather insights and information for trading decisions.
Advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness.
Collaborate closely with other functions/ business divisions.
Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function.
Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes.
Lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments.
Identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
Take ownership for managing risk and strengthening controls in relation to the work done.
Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
Communicate complex information.
Influence or convince stakeholders to achieve outcomes.
Support daily market-making and hedging activities while maintaining strong oversight of risk metrics, P&L reporting, and trade accuracy.
Combine technical expertise in mortgage products with strong analytical skills to identify relative value opportunities and improve risk-adjusted returns.