Western Asset

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MBS Trader/Research Analyst

MBS Trader/Research Analyst

Location 
US-CA-Pasadena
Category 
Investment Management

Overview

The MBS (Mortgage Backed Securities) Trader/Research Analyst position will be the primary trader for Agency MBS and will support the Lead MBS Portfolio Manager.  Through collaboration, intellectual curiosity and creativity, this individual will contribute ideas to the broader team. The successful individual will be able to work in a team environment with the ability to build relationships quickly both internally and externally

 

Responsibilities

 

  • Execute MBS trades as part of Agency MBS team, and larger Structured Products team
  • Research and develop investment ideas within Agency MBS and related markets
  • Work with primary PM to understand, follow and implement portfolio strategies
  • Work with Client Service, as needed, to communicate portfolio strategies, construction, results, and market color
  • Prepare complex financial analyses and pricing models
  • Provide analysis and reporting for special asset types
  • Develop and maintain broker relationships in the Agency MBS space

 

Qualifications

  • Undergraduate Bachelor’s Degree in related field, MBA and/or CFA designation preferred, including courses in finance, economics, business and/or accounting
  • Minimum 3 years of fixed income securities or secondary mortgage markets in a financial or risk based role
  • Minimum 5 years’ experience in MBS trading and/or research experience including Corporate Finance, commercial real estate credit or private equity experience including principles of securitization, an commercial real estate valuation including appraisal methodologies

 

Competencies:

 

  • Quantitative Skills – understanding of rates, curve, and volatility
  • Collaboration – Ability to work professionally with internal and external customers including employees, journalists, investment professionals and other stakeholders
  • Interpersonal SkillsStrong interpersonal skills with the ability to communicate effectively with both internal and external clients and industry professionals
  • Integrity – Shares complete and accurate information, maintaining confidentiality and adhering to organizational policies and procedures
  • Conceptual Thinking – The ability to find effective solutions by taking a holistic, abstract, or theoretical perspective

 

 

 

  • Communication - Can convey complex and technical issues to diverse audiences, orally and in writing, in a manner that is easily understood, authoritative, and actionable for the business; actively listens to peers' input
  • Decision Making - Considers the relative costs and benefits of potential actions to choose the most appropriate one; acts decisively and swiftly; identifies problems and drives toward solutions; is comfortable making difficult decisions
  • Organizational Awareness - Understands and works in line with the organization’s mission, operations, structure, and goals; understands informal structures and processes of the organization; understands organization-level implications of his or her day-to-day decisions
  • Teamwork - Supervisory and team working skills and able to work independently with remote supervision