Friday, August 31, 2007

Senior Trader

Apply for job with Fannie Mae



Fannie Mae is a shareholder-owned company with a public mission: to tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans. Over our 70-plus year history, Fannie Mae has worked with housing partners to provide low-cost financing for more than 60 million American families to own or rent a home. For more information about Fannie Mae and our career opportunities, please visit

The Senior Trader position will focus on the analysis, execution and research of term debt issuance for the company with a specific focus on option-embedded debt. During 2006 Fannie Mae issued $180 billion in term debt, $100 bln of which was callable including fixed rate, step-ups and structured notes. All callable debt is issued to support Fannie Mae's mortgage portfolio activity.

The position will have the authority to commit the company to long term debt obligations and will have daily interaction with senior members of the Capital Markets area. Will be a direct link between Fannie Mae and the agency market place via to dealer relationships and will be called upon to represent the Company at investor meetings.

* Perform fixed income instrument analysis on daily funding opportunities and redemption decisions, which include using internal pricing models along with external systems including Bloomberg and YieldBook and development of spreadsheet-based applications when required. Offer suggestions for technology and model improvements.
* Research, maintain, analyze and report on information on the financial markets with a focus on the fixed income markets such as Agencies, Treasuries, Swaps and Options.
* Develop and maintain relationships with external and internal customers including other Treasurer's Office staff, Debt Marketing, Capital Markets including Portfolio Management and Strategy, Legal and Operations.
* Provide excellent service to such customers in a detailed and professional manner. Coordinate system improvements and methods for achieving efficiency in the issuance and redemption process. Develop a thorough understanding of our internal systems and provide assistance in requirements, testing, and implementation.


* Master's degree in Finance, Accounting or related field required, at least five years work experience in finance. CFA helpful but no required. Solid knowledge of fixed-income markets and mathematics required with an understanding of option theory.
* This position requires strong technical and analytical skills in order to learn and understand financial theory, concepts and language and apply them to daily activities. An extremely high level of accuracy is required with an ability to focus on detailed tasks under stressful time constraints. Ability to multi-task is critical.
* Position requires strong PC-related skills particularly with spreadsheets and/or database. In addition, the position requires strong communication skills, both oral and written, to effectively communicate with Treasury staff, internal customers, and dealers. Position requires good organizational skills, attention to detail, and the flexibility to adjust quickly to shifting changes in priorities.
* The work environment is typical of a trading floor, often noisy, limited personal space and little privacy. The atmosphere is often stressful because the pace of work is fast and continuous. Very little down time away from the trading floor during the workday. Some overtime and travel may be required to fulfill the basic job responsibilities of this position.

Fannie Mae's compensation and benefits package is very competitive. It is designed to help employees meet varying needs throughout their careers and to reward employee's skills, experience, and potential.

Fannie Mae is an equal employment opportunity employer and considers qualified applicants for employment without regard to race, gender, age, color, religion, national origin, marital status, disability, sexual orientation, or any other protected factor.

As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check if the position is sensitive in nature.

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