Associate Portfolio Manager

Garda Capital Partners•New York, NY

4d•Onsite

About The Position

Garda Capital Partners LP seeks a full-time Associate Portfolio Manager based in New York, NY. Job Description: Responsible for managing a relative value portfolio using mortgage derivatives while communicating broad trading ideas with senior management on a weekly basis. Support the investment management team in New York by focusing on discretionary and systematic relative value opportunities in mortgage derivative markets; utilizing qualitative and quantitative analysis along with proprietary trading systems to manage their own portfolio, monitor individual positions, and report the overall portfolio risk to Portfolio Managers. Additional job duties include: (1) performing financial modeling, valuation analyses, and due diligence to support investment decisions while reviewing and implementing investment strategies and structures, and contributing to the reporting and tracking of existing themes; (2) working collaboratively with management teams, other Garda investment professionals, and counterparties; (3) completing investment process from origination and research, of both systematic and discretionary ideas, to trade execution and portfolio management; (4) utilizing programming language, Python; (5) analyzing larger datasets for mortgage prepayments, automating processes, and developing analytical tools, using machine learning and statistical algorithms; (6) utilizing sector specific products including YieldBook and RiskSpan to analyze prepayments in mortgage products and develop trade ideas in mortgages; (7) implementing trading strategies, monitoring portfolio risks, and facilitating PNL generation; (8) CMO structuring and hedging with TBA, USTs, futures, and swaptions; and (9) cultivating established relationships with at least five of the major Wall Street mortgage trading desks.

Requirements

Master’s degree or equivalent in Financial Engineering, Finance, Mathematics, or a related field
Two years related experience
18 months of experience with completing investment process from origination and research, of both systematic and discretionary ideas, to trade execution and portfolio management
18 months of experience with utilizing programming language, Python
18 months of experience with analyzing large datasets for mortgage prepayments, automating processes, and developing analytical tools using machine learning and statistical algorithms
18 months of experience with utilizing sector-specific products including YieldBook and RiskSpan to analyze prepayments in mortgage products and develop trade ideas in mortgages
18 months of experience with implementing trading strategies, monitoring portfolio risks, and facilitating PNL generation
18 months of experience with CMO structuring and hedging with TBAs, USTs, futures, and swaptions
18 months of experience with cultivating established relationships with at least five of the major Wall Street mortgage trading desks

Responsibilities

Managing a relative value portfolio using mortgage derivatives
Communicating broad trading ideas with senior management on a weekly basis
Supporting the investment management team in New York by focusing on discretionary and systematic relative value opportunities in mortgage derivative markets
Utilizing qualitative and quantitative analysis along with proprietary trading systems to manage their own portfolio, monitor individual positions, and report the overall portfolio risk to Portfolio Managers
Performing financial modeling, valuation analyses, and due diligence to support investment decisions while reviewing and implementing investment strategies and structures, and contributing to the reporting and tracking of existing themes
Working collaboratively with management teams, other Garda investment professionals, and counterparties
Completing investment process from origination and research, of both systematic and discretionary ideas, to trade execution and portfolio management
Utilizing programming language, Python
Analyzing larger datasets for mortgage prepayments, automating processes, and developing analytical tools, using machine learning and statistical algorithms
Utilizing sector specific products including YieldBook and RiskSpan to analyze prepayments in mortgage products and develop trade ideas in mortgages
Implementing trading strategies, monitoring portfolio risks, and facilitating PNL generation
CMO structuring and hedging with TBA, USTs, futures, and swaptions
Cultivating established relationships with at least five of the major Wall Street mortgage trading desks