Wednesday, April 15, 2009

Trader / Analyst - MBS Specialist

Description Req ID: 2867

Job Title: Trader/Analyst- MBS Specialist

Group: Markets Group

Location: HO - New York, NY (Head Office)

Job Status: Full-Time

Area Overview:
Mortgage Finance Markets (MFM) is seeking a Trader/Analyst to provide specialty market coverage in the area of the Mortgage-Backed Securities (MBS) markets. MFM is responsible for monitoring domestic capital markets and informing policy makers on matters related to monetary policy and financial stability. These markets include Agency MBS, non-Agency MBS, CMBS and swaps.

Job Responsibilities:
The successful candidate would be expected to conduct analysis on trends in the MBS market and the broader mortgage finance. This will entail tracking price action and liquidity conditions in various mortgage finance markets. A key element will also be to understand the market microstructure against which price movements take place and the conditions under which they could negatively impact market liquidity and financial stability. To this end, the candidate would be expected to develop extensive contacts with market participants, both primary dealers and buy-side investors. This analysis would take the form of daily written briefings. In addition, the analyst would be expected to lead and contribute to short and medium-term focused analytical briefings.
The candidate would also contribute to the Groups broader efforts to monitor financial markets globally for the FOMC and the Treasury, through the coordination of daily written briefings and conference calls and market overview reports. To support this work each Trader/Analyst id expected to complete a 9 month applied study course on global market monitoring and analysis within their first two years of service.

Position Requirements:

The ideal candidate would have the following qualifications:
# Master’s level degree in Business, Economics, Policy or related area;
# Three to five years of work experience in MBS trading and/or analysis;
# Strong quantitative skills and proven ability in working with and understanding market data including volumes, spreads, etc.;
# Demonstrated analytical skills, including substantial knowledge of financial instruments, market structures, macroeconomic theory, and monetary policy;
# Ability to analyze complex market issues, make decisions quickly, and respond under pressure;
# Strong written and verbal communication skills; ability to extract larger themes while providing concise, articulate and insightful analyses in both written and verbal form;
# Ability to work productively on a high-performance team and as an independent analyst.

This position requires access to FOMC information, which is limited to “Protected Individuals” as defined in the U.S. federal immigration law. Protected Individuals include but are not limited to U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

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