The Robert Toigo Foundation

Junior MBS Trader

T. Rowe Price
Published
October 7, 2021
Location
Baltimore, MD, United States of America

Description

This individual will work with the Global Trading Team with the primary responsibility for trading mortgage backed securities (MBS). In addition, the trader will be responsible for communicating themes, trends, and activity relating to the Mortgage debt market to portfolio managers, analysts, and other traders on a regular basis. This trader must maintain a working knowledge of the MBS market and keep abreast of evolving market trends. Being able to build and maintain relationships both externally and internally is essential.

Responsibilities:

  • Execute buy and sell transactions on agency mortgage backed securities across multiple active portfolio strategies, as well as various systematic trading strategies
  • Maximize best execution practices using multiple trading platforms/venues for TBAs, specified pools, CMOs and dollar rolls
  • Develop maintain, and manage relationships with broad set of broker/dealers
  • Gather and analyze market color and communicate relevant information to portfolio managers, analysts, and other traders across the firm
  • Track sector specific valuation information to help identify market opportunities for internal portfolios

Qualifications:

Required:

  • Bachelor’s degree
  • Fixed Income investment experience preferred
  • Strong interpersonal and communication skills
  • Strong ability to build and maintain relationships both externally and internally is essential
  • Ability to work effectively as part of a team of portfolio managers, analysts and traders
  • Strong quantitative, analytical and organizational skills
  • Ability to negotiate effectively with broker/dealers
  • Ability to work under pressure and multi-task with precision
  • Strong attention to detail
  • Self-motivated

Preferred:

  • Bachelor’s degree in Finance, Accounting, Economics or Mathematics
  • MBA, MA or CFA (or in progress)
  • Programming skills

FINRA licenses are not required and will not be supported for this role

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