Summary
Agency MBS investment team seeking an Analyst to support derivatives-focused trading strategies, build valuation and hedging models, and evaluate relative value opportunities across mortgage-backed securities and rates markets.
Company Information:
A leading multi-strategy hedge fund managing a large-scale fixed income and structured credit portfolio, with a dedicated focus on agency mortgage-backed securities, derivatives trading, and relative value investment strategies across global markets.
Job Description:
- Evaluate and trade agency mortgage-backed securities and related derivatives within a structured fixed income portfolio.
- Build and maintain valuation, prepayment, and hedging models to support investment decisions across MBS instruments, including TBAs and specified pools.
- Conduct relative value analysis across mortgage securities and interest rate markets to identify trading opportunities.
- Monitor portfolio risk exposures and assist in implementing hedging strategies across rates and mortgage positions.
- Develop investment ideas and present trade recommendations supported by quantitative and fundamental analysis.
- Collaborate with portfolio managers and traders to execute and refine mortgage trading strategies.
Requirements / Qualifications:
- Experience in agency MBS trading, structured products, fixed income research, or a related hedge fund or sell-side role.
- Strong understanding of interest rates, mortgage markets, and hedging dynamics.
- Experience with TBA trading, agency MBS analytics, or mortgage derivatives strongly preferred.
- Advanced quantitative and financial modeling skills; coding ability (Python or similar) is a plus.
- Strong analytical mindset with the ability to generate independent investment ideas.
