Agency CMO Trader

Barclays•New York, NY

2d•$150,000 - $250,000•Onsite

About The Position

Join Barclays as an Agency CMO Trader. At Barclays, our vision is clear – to redefine the future of banking and help craft innovative solutions. In this role, you will lead trade execution and risk management across a defined portfolio of Agency MBS and related instruments, with a particular focus on Agency CMO structures. You will drive the Agency CMO business in close coordination with sales distribution and local and global trading management. Leveraging a strong understanding of liquidity provision, market-making dynamics, hedging strategies, and portfolio risk management, you will support revenue growth while maintaining disciplined risk-taking.

Requirements

Experience with generating Agency CMO trade ideas based on market conditions, supply-demand dynamics, prepayment analysis, and structural alpha
Experience delivering client solutions, managing new-issue risk, and supporting Agency deal execution
Experience engaging with clients across Agency pass-throughs, specified pools, and CMOs
Experience providing active liquidity in both primary and secondary markets while operating within established risk parameters
Experience evaluating prepayment behavior and managing mortgage convexity risk using rates, MBS, volatility, and hedging instruments in line with regulatory and internal guidelines
Subject matter expert within own discipline and will guide technical direction.
Lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments.
Train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions.
FINRA regulated role

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
Risk and controls
Change and transformation
Business acumen
Strategic thinking
Digital and technology
Job-specific technical skills

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.
Contribute or set strategy, drive requirements and make recommendations for change.
Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures.
Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
Manage and mitigate risks through assessment, in support of the control and governance agenda.
Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
Adopt and include the outcomes of extensive research in problem solving processes.
Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.
Lead trade execution and risk management across a defined portfolio of Agency MBS and related instruments, with a particular focus on Agency CMO structures.
Drive the Agency CMO business in close coordination with sales distribution and local and global trading management.
Support revenue growth while maintaining disciplined risk-taking.
Generating Agency CMO trade ideas based on market conditions, supply-demand dynamics, prepayment analysis, and structural alpha
Delivering client solutions, manage new-issue risk, and support Agency deal execution
Engaging with clients across Agency pass-throughs, specified pools, and CMOs
Providing active liquidity in both primary and secondary markets while operating within established risk parameters
Evaluating prepayment behavior and manage mortgage convexity risk using rates, MBS, volatility, and hedging instruments in line with regulatory and internal guidelines