Agency CMO Trader

Barclays•New York, NY

3d•$150,000 - $250,000•Onsite

About The Position

Purpose of the role To execute trades and manage risk within a defined portfolio of financial instruments and staying informed about market trends and developments to make informed trading decisions. 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. You may be assessed on the key critical skills relevant for success in this role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills. This role is located in our New York, NY office. This role is regulated by FINRA. Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.

Requirements

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
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.

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