Junior Quant - MBS
About The Position
Man Group is one of the world’s largest publicly listed alternative investment managers. The Systematic Securitized Credit team builds systematic trading strategies across securitized products and the fixed-income markets around them, researching markets, signals and portfolio construction to capture returns that are hard to reach and hard to replicate. AI is embedded throughout our workflow, from research to execution. We are looking for a junior quantitative researcher with a background in agency mortgage-backed securities (MBS) and CMOs. You will sit with the portfolio managers and senior researchers who run the strategy, splitting your time roughly evenly between the analytics that inform live trading and your own research into new sources of return. Junior members here own research; they do not only support other people’s.
Requirements
- A degree in a quantitative discipline — engineering, mathematics, physics, computer science or similar.
- At least a year working with agency MBS: on a buy-side desk, at a dealer, or an analytics vendor.
- Understanding of Agency MBS concepts: TBA, rolls, payup-ups, collateral attributes, prepayment behavior and drivers.
- Strong applied statistics and programming ability: the judgement to tell a real result from noise, and the discipline to write code others can read, test and build on.
- The ability to discuss and present complex ideas in an intuitive, easy to follow way
Nice To Haves
- understanding of CMO structures (IO/PO/Floater)
- GSE program types
- Prepayment model calibration or validation
- various spreads & durations
- systematic back-testing and portfolio construction
Responsibilities
- Helping senior PMs & researchers finding new & profitable trading strategies & alphas
- Researching, scoping, and onboarding new securitized markets and sectors
- Improving our systematic trading platform for securitized products, following markets & research
- Doing novel research on trading signals, prepayment modeling, pricing, and hedging
- Utilizing AI tools across all above responsibilities to make research & trading more efficient & impactful
Benefits
- competitive holiday entitlements
- pension/401k
- life and long-term disability coverage
- group sick pay
- enhanced parental leave
- long-service leave
- flexible working arrangements
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
