Mortgage Repo Trader

Liberty Bank & Trust Co • Glen Allen, VA

297d • $125,000 - $175,000 • Remote

About The Position

Are you ready to take your trading career to the next level? Our client seeks a Mortgage Repo Trader to execute trades in agency Mortgage-Backed Securities (MBS) markets while driving portfolio performance with cutting-edge analytics and technology. Our client is a financial services company dedicated to ethical stewardship, expert risk management, and disciplined capital allocation. As a real estate investment trust (REIT), they focus on generating dividend income and long-term total returns by financing real estate assets, thereby supporting the growth and revitalization of communities across the United States. Their core values—kindness, stewardship, performance mentality, integrity, trust, and equality & inclusion—guide their commitment to providing shareholders with attractive and consistent risk-adjusted returns over the long term.

Requirements

• 3-10 years in repo trading, focusing on mortgage securities and collateral management.
• Education: Advanced degree (MBA, MS in Finance, Economics, or related field) preferred.
• Certifications & Technical Skills: A CFA designation is strongly preferred, as is proficiency in Python, Bloomberg Terminal, repo trading platforms, and advanced Excel modeling.
• Market & Risk Expertise: Deep understanding of repo markets, term structures, collateral requirements, and funding risk management tools.
• Innovation & Efficiency: Interest in leveraging prompt engineering with large language models (LLMs) to enhance analytical tools and improve decision-making.

Responsibilities

• Execute Repo Financing - Conduct repo transactions for agency/non-agency MBS and Treasury hedge portfolios, ensuring optimal terms and counterparty diversification.
• Market Monitoring & Analysis - Track repo market conditions, interest rates, swap spreads, and liquidity trends to identify funding opportunities.
• Risk & Liquidity Management - Collaborate with senior teams to oversee liquidity, counterparty exposure, and funding risks.
• Technology & Automation - Leverage Python and LLMs to enhance data analysis, reporting, and repo financing optimization.
• Regulatory & Compliance - Adhere to internal policies, maintain accurate transaction records, and support regulatory reporting.

Benefits

• Comprehensive health coverage: Medical, dental, and vision insurance are provided.
• Robust retirement planning: 401(k) plan available with employer matching.
• Financial security: Life and disability insurance for added protection.
• Flexible financial options: Health savings and flexible spending accounts are offered.
• Well-being and work-life balance: Paid time off, flexible schedule, and remote work choices are provided.
• Growth Opportunities: Transition to senior portfolio management roles is possible as expertise and impact grow.

What This Job Offers

• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Master's degree