Agency MBS Strategist, Vice President

Citi • New York, NY

5d • $175,000 - $250,000 • Hybrid

About The Position

As an Agency MBS Strategist at Citi, you will lead prepayment strategy analysis for Agency Mortgage-Backed Securities and shape relative value ideas that guide institutional client decisions. The role is part of Citi's Agency MBS team and combines market analysis with direct client engagement. You will work closely with sales, trading, and quantitative colleagues and mentor junior talent.

The position offers the opportunity to shape strategy for a core fixed income business, build relationships with institutional clients, and develop expertise alongside experienced colleagues. It follows a hybrid working model with three days in the office and two days working remotely. The role also offers exposure to global institutional clients and cross-functional teams, autonomy to develop valuation frameworks and trade ideas, and learning and development resources.

Requirements

• 6 to 10 years of experience in fixed income markets, with hands-on expertise in Agency Mortgage-Backed Securities.
• Ability to value fixed income securities and translate analysis into practical trading recommendations.
• Proficiency in Python, Excel, and a database querying language such as SQL, applied with a methodical and organized approach to data analysis.
• Clear and effective written and verbal communication skills for producing client-facing investment reports.
• Strong interpersonal skills, a collaborative mindset, and a proactive approach to work.
• Active Series SIE, 7, and 63 licenses, or ability to obtain and maintain them.
• Bachelor's degree.

Nice To Haves

• Master's degree in a related field.

Responsibilities

• Lead prepayment strategy analysis for Agency Mortgage-Backed Securities and identify trends that inform trading decisions.
• Identify relative value trade opportunities by analyzing collateral characteristics and issuance trends.
• Analyze large datasets using quantitative methods to uncover patterns in prepayment speeds, issuance volume, and supply and demand.
• Evaluate the relative value of securities and recommend enhancements to existing valuation models.
• Produce written investment reports that translate data and market insights into actionable client recommendations.
• Build relationships with institutional clients and partner with sales, trading, and quantitative teams to address questions and requests.
• Mentor and train junior analysts and associates.
• Evaluate risk in every decision, uphold compliance standards, and safeguard Citi's reputation, clients, and assets.

Benefits

• Medical, dental, and vision coverage.
• 401(k).
• Life, accident, and disability insurance.
• Wellness programs.
• Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• Learning and development resources.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior