Thursday, January 22, 2009

Mortgage Backed Securities Trader - CMO and/or ARM Specialist

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Description

Mortgage Backed Securities Trader – CMO or ARM Specialist

The Trader is responsible for research, competitive analysis, distribution, presentation and execution of fixed income transactions. Identifying and maintaining and efficient marketplace based on the needs of the firm. Cultivating and maximizing opportunities for revenue to the firm by catering to internal and external client needs. Building relationships with all primary and regional dealers in the segments that meet our client’s needs. Working as a team to leverage off each other’s strengths and provide maximum coverage. Continue to study the developments in the marketplace and be able to effectively communicate the technical issues that affect the purchase and sale of securities.

Responsibilities:

* Track and monitor the availability of positions within the marketplace.
* Quantify fair market values within sectors and identify opportunities based on clients needs.
* Present a wide array of securities that represent value in each sector.
* Select at least two specific and developed presentations, per sector, per day to be included in “bond house" on a consistent basis.
* Strengthen existing relationships while maximizing revenue.
* Develop and cultivate “team sector coverage" to ensure that there are at least three traders to manage each sectors.
* Effective use of tools such as Bloomberg for analytics, research and communication.
* Demonstrate exceptional communication skills with regard to technical information and the ability to identify when it should be utilized in the sales process.
* Demonstrate great attention to detail.
* Effective use of Outlook and other systems to prioritize, organize and maximize time management.
* Demonstrate a high level of professionalism over the phone and in person. Consistently friendly, courteous, respectful of customers, prospects and co-workers.
* Attend and become an active participant of coaching sessions, sales meetings, and training seminars. on a regular basis.
* Demonstrate a high level of self-motivation, drive and analytical skills to accomplish department goals.

Compensation and Benefits Package:

* Salary – depends on level of experience + Bonus
* Great benefits

Location:

Long Island, NY

Qualifications:

Experience working with and identifying Mortgaged Back Security investments. We want to speak with Jr. level as well as Senior level personal that have worked with MBS, CDO, and ARMs.
Requirements

If you have the following credentials, we encourage you to apply:

* Bachelor’s degree in Finance, Economics and/or Engineering.
* Three years or more of related experience in fixed income trading or portfolio management.
* Series 7 and 63 preferred.
* Ability to read and interpret documents such as bonds, financial market indices, rates, articles, contracts, instructions and reports.
* Superior verbal communication skills, specifically breaking down complex analytical information into the sales process.
* Negotiation skills and the ability to speak effectively before groups of clients, prospects, colleagues and high-level employees of an organization.
* Ability to calculate figures and amounts such as discounts, interest rates, commissions, proportions, percentages, amortizations (basic bond match skills).
* Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
* Ability to deal with problems involving several concrete variables in standardized situations.
* Able to read, interpret and strategize based on IP information.
* Proficient in MS Office products with a focus on Outlook and Word. Expert in Excel.
* Ability to quickly learn and adapt to in-house sales programs and other systems as necessary.
* Expert in Bloomberg, knowledge of CMS Bondedge helpful.

Send us your resume today
If you would like to learn more about this position, please send your resume in an attached Microsoft Word document to [Click Here to Email Your Resumé]. If you are a qualified candidate, we will promptly contact you to schedule and conduct a preliminary interview by phone and fully explain the details of this opportunity.

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