Agency MBS Trader – VP

Citi • New York, NY

5d • $175,000 - $250,000 • Onsite

About The Position

The Agency Mortgage Trading business is part of the Spread Products Sales & Trading Division. The successful candidate will support the day-to-day activities of the trading desk, including market making, risk management, relative value analysis, client engagement, and collaboration with Sales, Research, Quantitative Analytics, Technology, and Risk & Control partners. The role requires strong market judgment, analytical capabilities, and leadership skills, with a focus on driving performance, enhancing risk management, and improving trading processes. This position is based in New York and requires occasional travel.

Requirements

• 4+ years of experience in Agency MBS trading, strategy, or portfolio management.
• Extensive experience trading or analyzing TBAs, Specified Pool, CMO, and/or mortgage derivatives.
• Strong understanding of Agency MBS, fixed income markets, interest rates, and options.
• Demonstrated ability to generate actionable trade ideas and manage risk effectively.
• Strong analytical and quantitative skills; proficiency in Python, SQL, or similar tools preferred.
• Excellent communication, collaboration, and decision-making skills.
• Bachelor's degree required.

Responsibilities

• Manage Agency MBS risk positions and execute trading strategies.
• Generate trade ideas through analysis of mortgage markets and prepayment dynamics.
• Partner with Sales to provide market liquidity, market insights, and client solutions.
• Collaborate with Research, Quantitative Analytics, and Technology teams to enhance trading and risk management capabilities.
• Drive process improvements and automation initiatives to improve desk efficiency.
• Ensure compliance with internal risk limits, controls, and regulatory requirements.

Benefits

• medical, dental & 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

What This Job Offers

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