Analyst - Mortgage Backed Securities (MBS)

Role overview

This full-time Analyst role sits within Global Banking and Markets in New York City. The position supports the firm’s Agency Mortgage-Backed Securities (MBS) and TBA trading activity, with a focus on building early-career expertise in market analytics, trade support, and execution assistance.

The team operates across a broad capital markets platform and works with mortgage lending and origination partners as the business grows. The role is part of a high-performance, inclusive environment with a strong emphasis on results.

Compensation

The posted base pay range is 120,000 to 130,000 per year. This range is only a guide, and the actual offer may differ depending on the successful candidate’s relevant knowledge, skills, and experience.

Responsibilities

• Assist with Agency MBS and TBA trading workflows, including collateral review, prepayment analysis, and the creation of Python-based tools that improve data handling and reporting.
• Work alongside institutional sales teams to respond to client interest in Agency MBS products by sharing market commentary, liquidity views, and product explanations.
• Develop and maintain professional relationships with external dealers, trading desks, and institutional counterparties.
• Track developments in Agency MBS and the wider fixed-income market to spot relative value opportunities, form trade ideas, and relay recommendations to sales teams and clients.
• Prepare daily profit and loss reporting, match trade positions with the middle office, and analyze performance drivers for the desk.
• Support hedging and risk management using TBAs, U.S. Treasuries, swaps, and swaptions while keeping exposures within approved limits and following internal policies and regulatory requirements.

Requirements

• A bachelor’s degree in Finance, Economics, Mathematics, Engineering, or another related discipline is required; a master’s degree is preferred.
• Up to 3 years of experience in fixed income, whether in trading, analytics, research, or risk, with an interest in Agency MBS/TBA markets.
• Strong quantitative and analytical ability, along with solid problem-solving skills and the capacity to turn market and collateral data into practical insights.
• Hands-on Python experience, including building reusable automation and analytics for analysis and reporting.
• Familiarity with Bloomberg or similar fixed-income analytics platforms is preferred.
• Clear written and verbal communication skills, especially for client-facing conversations in support of Sales.
• Strong attention to detail, sound judgment, and the ability to manage deadlines and shifting priorities in a fast-moving trading environment.
• FINRA Series 7 and 63 are preferred, or the candidate should be able to obtain them.

About the business

Global Banking and Markets is a major capital markets and investment banking platform with a long-standing presence across the U.S. and Latin America. The group provides financing, trading, research, corporate banking, and risk management solutions across a wide range of products, including debt and equity financing, M&A, fixed income, derivatives, foreign exchange, and precious metals.

Benefits and culture

The organization emphasizes an inclusive, performance-driven culture where employees are encouraged to grow, bring their best to work, and feel respected for their differences. A broad set of flexible benefits is available to support family, financial, physical, mental, and social well-being.

Equal opportunity and accommodations

The employer is committed to building an accessible and inclusive workplace. Candidates needing accommodations during the hiring process can request support such as an accessible interview location, alternate document formats, ASL interpretation, or assistive technology. The company is an equal opportunity employer and considers qualified applicants without regard to protected characteristics under applicable law.

Application notes

Applicants must submit their application directly through the company’s online process to be considered. Only candidates selected for an interview will be contacted.