MBS Trader

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Optimal Blue is a leading provider of secondary market solutions and actionable data services and delivers innovative and integrated solutions to transform the mortgage and secondary market industries.
This is a hybrid role based in our San Francisco (zip code 94108) office.

SUMMARY
Responsible for working under the direction of the Hedge Account Management team to assist with fixed income analytics, risk management, and/or trading. Learn to execute trading strategies on behalf of clients, implement tools that lead to greater client profitability and contribute to the further development of our industry leading technology.
RESPONSIBILITIES

• Works under the supervision of a Hedge Account Manager to evaluate, define, and execute hedge strategies, derivation of risk management analytics and historical data
• Execute trades on behalf of clients at the direction of the assigned Hedge Account Manager, typically using forward-traded TBA or Specified MBS Pools
• Work directly with Hedge Account Manager to implement new tools, troubleshoot existing setups, and other ad hoc analysis
• Responsible for assisting with mortgage valuation analytics, report development, testing, and feedback
• Assist with monitoring risk positions in the mortgage pipeline and/or servicing asset intraday and alert the appropriate account management team of any exceptions to policy limits
• Provide Hedge Account Manager support with monitoring and reporting performance of hedged positions as interest rates change and compare with predicted value changes. Explain any material deviations from projections through attribution analysis.
• Support the Hedge Account Managers in maintaining relationships with Broker/Dealer community on behalf of clients; provide client assistance in expanding credit availability
• Maintain relationships with mortgage bankers, investors and servicing brokerage firms, and other firms making a market in whole loans
• May be responsible for other miscellaneous research projects
• Performs other related duties as assigned

MINIMUM REQUIREMENTS

• Bachelor’s degree or the equivalent combination of education, training, and work experience. Master’s degree is preferred
• Requires 0 – 3+ years of fixed income mortgage trading, portfolio, or risk management experience

PREFERRED QUALIFICATIONS

• Knowledge of company products, services, and capabilities
• Ability to learn and comprehend the mortgage origination process, mortgage securities and markets through on-the-job training
• Knowledge of Mortgage Secondary Marketing, including best execution of whole loan, MBS, and retained/released sales methods
• Knowledge of the fundamentals of ratesheet and margin management
• Knowledge of options theory, derivative markets and instruments, macroeconomics, and financial markets
• Knowledge of proprietary mortgage risk management, valuation analytics, and account management
• Knowledge of Mortgage Servicing Right (MSR) valuation techniques, sensitivities and fixed income financial theory and practice
• Strong quantitative skills with solid grounding in basic mathematical and statistical concepts
• Outstanding verbal and written communication skills to technical and non-technical audiences of various levels within the organization (e.g., executive, management, individual contributors) as well as outside the organization
• Excellent analytical, decision-making, problem-solving, team and time management skills
• Positive outlook, strong work ethic, and responsive to internal and external customers and contacts

Business Unit:

Optimal Blue is a leading provider of secondary market solutions and actionable data services and delivers innovative and integrated solutions to transform the mortgage and secondary market industries.
This is a hybrid role based in our San Francisco (zip code 94108) office.

SUMMARY
Responsible for working under the direction of the Hedge Account Management team to assist with fixed income analytics, risk management, and/or trading. Learn to execute trading strategies on behalf of clients, implement tools that lead to greater client profitability and contribute to the further development of our industry leading technology.
RESPONSIBILITIES

• Works under the supervision of a Hedge Account Manager to evaluate, define, and execute hedge strategies, derivation of risk management analytics and historical data
• Execute trades on behalf of clients at the direction of the assigned Hedge Account Manager, typically using forward-traded TBA or Specified MBS Pools
• Work directly with Hedge Account Manager to implement new tools, troubleshoot existing setups, and other ad hoc analysis
• Responsible for assisting with mortgage valuation analytics, report development, testing, and feedback
• Assist with monitoring risk positions in the mortgage pipeline and/or servicing asset intraday and alert the appropriate account management team of any exceptions to policy limits
• Provide Hedge Account Manager support with monitoring and reporting performance of hedged positions as interest rates change and compare with predicted value changes. Explain any material deviations from projections through attribution analysis.
• Support the Hedge Account Managers in maintaining relationships with Broker/Dealer community on behalf of clients; provide client assistance in expanding credit availability
• Maintain relationships with mortgage bankers, investors and servicing brokerage firms, and other firms making a market in whole loans
• May be responsible for other miscellaneous research projects
• Performs other related duties as assigned

MINIMUM REQUIREMENTS

• Bachelor’s degree or the equivalent combination of education, training, and work experience. Master’s degree is preferred
• Requires 0 – 3+ years of fixed income mortgage trading, portfolio, or risk management experience

PREFERRED QUALIFICATIONS

• Knowledge of company products, services, and capabilities
• Ability to learn and comprehend the mortgage origination process, mortgage securities and markets through on-the-job training
• Knowledge of Mortgage Secondary Marketing, including best execution of whole loan, MBS, and retained/released sales methods
• Knowledge of the fundamentals of ratesheet and margin management
• Knowledge of options theory, derivative markets and instruments, macroeconomics, and financial markets
• Knowledge of proprietary mortgage risk management, valuation analytics, and account management
• Knowledge of Mortgage Servicing Right (MSR) valuation techniques, sensitivities and fixed income financial theory and practice
• Strong quantitative skills with solid grounding in basic mathematical and statistical concepts
• Outstanding verbal and written communication skills to technical and non-technical audiences of various levels within the organization (e.g., executive, management, individual contributors) as well as outside the organization
• Excellent analytical, decision-making, problem-solving, team and time management skills
• Positive outlook, strong work ethic, and responsive to internal and external customers and contacts

Business Unit:

OB - Hedge & Trading (H&T)

FLSA Designation (US Only):

Exempt

Salary Range (US Only):

The estimated base salary range for this role in the United States is $51,200.00 - $76,800.00 per year. For compliance with local legislation, and to provide greater transparency to applicants, we share salary ranges on all job postings regardless of the desired hiring location or whether the position is remote. The posted range is an estimate and reflects many factors which are subject to change. Final offer amounts may vary from the amounts listed above, based upon geographic location, candidate experience and expertise, and other relevant factors.

Other Compensation (US Only):

Not Applicable

Benefits (US Only):

Full time employees will also be eligible for enrollment in a wide range of choices of benefits , including medical, dental, vision, basic life insurance, short/long term disability, 401(k) participation (with company match).

Time off (US Only):

The Company provides a minimum of 10 days of vacation for new employees , sick time based on state requirements, 8 Company-paid holidays and 2 personal holidays per year.We recognize the value and importance of diversity and inclusion in our communities and in the workplace. We celebrate diversity and one of our goals as an employer is to create an inclusive work environment for all employees. We are an equal opportunity employer and do not discriminate against any employee or applicant because of race, religion, sex, sexual orientation including gender identity or expression, pregnancy, national origin, age, marital status, veteran status, disability status, or any other category or characteristic protected by law.Applicants with disabilities who would like to require a reasonable accommodation related to any part of the application process may contact us at NOTE: If an applicant is selected to receive a conditional offer of employment, and in accordance with applicable law, a criminal background check may be conducted before the offer becomes final and employment begins. Pursuant to the San Francisco Fair Chance Ordinance, and other applicable laws, we will consider for employment qualified applicants with arrest and conviction records.#LI-BL1#OB

Perseus, an operating group of Constellation Software Inc., acquires independently managed software companies around the world. It provides them with the strategic guidance and financial security they need to become leaders within their respective markets.

"We believe that small businesses should stay small. While other purchasers of business seek economies of scale through centralization, we have taken the opposite approach. We believe that potential is maximized when teams are allowed to remain small. This enables the General Manager of the business to be empowered and remain in control of all levers necessary to guide his/her business.”
 

Perseus Group is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

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