Analyst - Mortgage Backed Securities (MBS) New York, NY

Scotiabank•New York City, NY

4d•Onsite

About The Position

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! The Agency MBS Analyst supports and helps develop the firm’s Agency MBS/TBA trading business, with secondary responsibilities in trading support and market making. This early-career role is designed to build foundational Agency MBS expertise across analytics and trade execution support. The position will also interface with Houston-based mortgage lending and origination teams as the business expands.

Requirements

Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related field; master’s degree preferred.
0–3 years of experience in fixed income (trading, analytics, research, or risk), with interest in Agency MBS/TBA markets.
Strong quantitative, analytical, and problem-solving skills; ability to synthesize market and collateral data into actionable insights.
Proficiency in Python; experience building repeatable analytics and automations for data analysis and reporting.
Familiarity with Bloomberg and/or other fixed-income analytics platforms preferred.
Strong written and verbal communication skills, with the ability to support client-facing discussions in partnership with Sales.
High attention to detail and sound judgment in a fast-paced trading environment; ability to manage priorities and deadlines.

Nice To Haves

Preferred: FINRA Series 7 and 63 (or ability to obtain)

Responsibilities

Support Agency MBS/TBA trading activities, including collateral and prepayment analysis; develop Python-based analytical tools to streamline data workflows.
Partner with institutional sales teams to address client demand for Agency MBS products; provide timely market color, liquidity insights, and product education.
Build and maintain relationships with external counterparties, including dealer trading desks and institutional clients.
Monitor Agency MBS and broader fixed-income market developments to identify relative value opportunities and generate trade ideas; proactively communicate recommendations to sales teams and clients.
Prepare daily P&L reporting, reconcile trade positions with middle office, and perform performance attribution to identify key drivers of desk results.
Execute and manage hedging strategies using TBA, U.S. Treasuries, swaps, and swaptions; maintain exposures within established risk limits and ensure all trading activity complies with regulatory requirements and internal trading policies.