Mortgage-Backed Securities Trader

Texas Capital Bank•Dallas, TX

1d•Onsite

About The Position

Texas Capital is built to help businesses and their leaders, offering depth of knowledge and expertise with highly experienced bankers. They provide core financial products and are differentiated by their approach, investing time and resources to understand client needs and meet long-term objectives. Texas Capital focuses on building long-lasting relationships. Headquartered in Dallas with offices in Austin, Fort Worth, Houston, Richardson, Plano and San Antonio, Texas Capital was recently named Best Regional Bank in 2024 by Bankrate and was named to The Dallas Morning News’ Dallas-Fort Worth metroplex Top Workplaces 2023 and GoBankingRate’s 2023 list of Best Regional Banks. The Mortgage-Backed Securities (MBS) Trader will be responsible for managing and executing trades of agency and non-agency MBS products, contributing to the bank's fixed income trading desk's profitability and risk management objectives.

Requirements

Bachelor's degree in Finance, Economics, Mathematics, or a related quantitative field.
3+years of experience in MBS trading, preferably on an institutional trading desk.
Deep understanding of MBS market dynamics, pricing conventions, and trading protocols.
Proven track record of generating consistent trading profits while effectively managing risk.
Strong analytical and quantitative skills with proficiency in financial modeling and data analysis tools (e.g., Bloomberg, Intex, Excel, VBA, Python).
Excellent communication, negotiation, and interpersonal skills.
Ability to thrive in a fast-paced, high-pressure trading environment.
FINRA Series 7 and Series 63 licenses required.

Nice To Haves

Master's degree or CFA designation preferred.

Responsibilities

Execute trades in various MBS products, including TBA mortgage-backed securities, specified pools, and whole loans.
Develop and maintain strong relationships with institutional clients, brokers, and internal stakeholders to facilitate trading activities.
Monitor market conditions, economic indicators, and regulatory changes relevant to the MBS market and provide timely insights to the trading team.
Analyze complex MBS structures, cash flows, and prepayment models to identify trading opportunities and assess risk.
Manage the desk's MBS inventory, hedging strategies, and exposure to interest rate and credit risk.
Collaborate with sales, financing, credit, and risk teams to provide comprehensive client solutions.
Ensure compliance with all internal policies, risk limits, and regulatory requirements.
Contribute to the development and implementation of trading strategies and models.