MBS Trader (Mortgage-Backed Securities)

Location: Hybrid — 2 days per week in the office in Chevy Chase, Maryland, USA

Salary: $60,000–$70,000 USD per year. The estimated base salary range is $63,000–$77,000 per year, with eligibility for a company profit-sharing bonus plan.

Company

Optimal Blue, part of hirify.global, provides secondary-market solutions and actionable data services for the mortgage and capital markets industries.

What you will do

• Support hedge account management by evaluating and executing hedge strategies, risk analytics, and historical data analysis.
• Execute client hedge trades involving TBA securities, specified pool securities, loans, and other mortgage-market instruments.
• Monitor mortgage pipeline and servicing-asset risk positions, identify policy-limit exceptions, and alert the account management team.
• Analyze and report the performance of hedged positions as interest rates change, including attribution analysis of material deviations.
• Assist with mortgage valuation analytics, report development, testing, troubleshooting, and implementation of new tools.
• Maintain relationships with broker-dealers, mortgage bankers, investors, servicing brokerage firms, and whole-loan market participants.

Requirements

• Bachelor’s degree or an equivalent combination of education, training, and work experience.
• 0–3+ years of experience in fixed-income mortgage trading, portfolio management, or risk management.
• Knowledge of mortgage securities, mortgage markets, and the mortgage origination process, or the ability to learn them through training.
• Strong quantitative, analytical, mathematical, statistical, problem-solving, communication, multitasking, and time-management skills.
• Ability to work in a fast-paced team environment and support multiple client requests and changing priorities.

Nice to have

• Knowledge of options theory, derivative markets and instruments, macroeconomics, and financial markets.
• Knowledge of the company’s products, services, and capabilities.
• Customer service experience in a high-stakes business-to-business environment.

Culture & Benefits

• Medical, dental, vision, life insurance, and short- and long-term disability coverage.
• 401(k) participation with company matching.
• At least 10 vacation days for new employees, sick time based on state requirements, 8 company-paid holidays, and 2 personal holidays annually.
• Inclusive work environment with equal-opportunity employment practices.