Saturday, January 30, 2010

Mortgage Securities Trader

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Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administration's Homeowner Affordability and Stability Plan.

Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nation's housing recovery.

For more information about Fannie Mae and our career opportunities, visit


Represent the corporation and its services and manage its accounts with one or more large financial institutions in the capital markets. Recommend MBS trades and execute those trades in the market. Assess mortgage assets for purchase or sale and contribute to corporation's buying, hedging, and trading strategies.


The trader will share responsibility for the day-to-day agency CMO purchase and sales process, assuring that product is purchased at levels consistent with senior management guidelines and that rigorous relative value analysis is applied. The trader will also be responsible for tracking market activity, reporting relative value opportunities to senior management, making pricing recommendations, and monthly pricing of existing CMO positions. The trader will also have responsibility for hedging certain positions as well as IO and PO trading.

Inform and guide thinking in corporate management regarding parameters of trading strategy: cash position, risk management, current market conditions, regulatory concerns, and the like, to determine optimal solution.

Confer with appropriate corporate resources to plan and put in motion execution of strategy on behalf of account: traders, management of relevant business unit, regional CAMs, Cap Market operations for pooling loans, risk management, etc.

Track execution of product development process or of trading strategy and confer with client to resolve issues and clear way for transaction to be executed.

Confer with corporate management on completion of trade, purchase, or other transaction and document as needed for accounting, regulatory, or corporate purposes.

Provide guidance or leadership to less experienced account management or trading staff, particularly on interests and expectations of clients.

Position may represent a wider range of the corporation's services, or deal in larger volume transactions, or both.


* Bachelor Degree or Equivalent
* Master or Other Advanced Preferred
* Degree in Mathmatics, Physics or Engineering Preferred


* 6-8 years or equivalent experience


Should have in-depth knowledge of fixed-income securities, preferably MBS including CMOs, IOs/POs, etc.
Should also have experience with fixed-income analytics including mortgage prepayment models and interest-rate models.
Experience with other complex securities will also be considered.
Trading experience is preferred but experience in modeling or a related area will also be considered.


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 for positions in some areas of our business.

Fannie Mae is an Equal Opportunity Employer.

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