Director, MBS Trading - Global Fixed Income

TIAA•New, KY

1d•Onsite

About The Position

Nuveen's Global Fixed Income Group is seeking a Senior Trader to bolster its Mortgage-Backed Securities (MBS) trading function. This role is part of the Fixed Income Trading team, which is responsible for trade execution and support across Nuveen's diverse fixed income portfolio mandates, encompassing over $500 billion in fixed income assets under management. The Senior Trader will collaborate closely with MBS portfolio managers and senior research analysts to execute trades and provide operational support for various portfolio mandates, including the TIAA General Account, mutual funds, insurance portfolios, and separately managed accounts. Nuveen's Public Fixed Income team manages approximately $60 billion in Structured Product assets, with $25 billion specifically allocated to MBS sectors. The ideal candidate will possess proven experience in fixed income trading, with specialized knowledge of MBS and Structured Products markets. The ability to effectively manage multiple priorities across different portfolio mandates is crucial for success in this position.

Requirements

Minimum of 2+ years of MBS structure product trading experience
Ability to assess facts and make quick decisions in a trading environment.
Proficient in basic investment/trading platforms: Bloomberg, Charles River & TradeWeb and the ability to quickly learn any required internal applications
Strong communication and interpersonal skills to manage both internal and external business relationships
Strong attention to detail and high operational accuracy
Ability to manage multiple tasks on the trading desk

Nice To Haves

4 - 7 years of structured product trading experience preferably within MBS asset class
Master’s degree or CFA

Responsibilities

Primarily focus on the MBS sector, in both Agency & Non-Agency MBS, but work across other structured sectors as needed, communicating with multiple portfolio managers, research analysts & traders.
Execute investment ideas effectively, as authorized by portfolio managers, in the Primary and Secondary markets, across all MBS sectors (Agency & Non-Agency MBS) as well as other structured products sectors.
Understand Nuveen’s investment goals, divergent portfolio mandates, and present relative value ideas to portfolio managers.
Perform at a high level and be an integral part of the investment team.
Contribute market color and spread data to investment discussions.
Understand how flows in one asset class may impact spreads in related asset classes.
Track spreads and other market data for portfolio managers and research analysts.
Point out relationships across markets and potential trades that arise from those relationships.
Interact internally with portfolio managers and research team to vet offerings and suggest trade ideas based on a deep understanding of mandate suitability.
Build upon relationships with existing Wall Street sales /trading/syndicate desks.
Interact with various business partners internally, including Middle Office, Valuations, Derivative Services, Risk/Compliance, and Technology.
Communicate effectively (both verbally and in writing) key themes in the marketplace, price action, liquidity conditions, and technical direction of the market to Structured Products team and senior management across Global Fixed Income.
Attend industry conferences and events to enhance skills and build/further develop an industry network and represent the institution & team on panels, industry conferences or with clients