RMBS Trader - Structured Products Job at Santander Holdings USA Inc
New York, United States of America
WHAT YOU WILL BE DOING
USA Job Function Description:
The firm is seeking a full-time trader to join an established team. Interested candidates must have product knowledge and trading experience in the U.S. residential mortgage market. The position is high-touch, and the candidate will be expected to work effectively in a fast-paced and high-pressure environment.
This position provides a unique opportunity to gain exposure across the entire range of the U.S. residential mortgage market, and involves collaborating closely with mortgage traders, institutional sales teams, strategists, and quant teams. In this role, the candidate will be expected to be a key contributor to generating trading revenues and managing risk. The candidate will also gain invaluable experience in trading, structuring, and operating a successful trading business.
Essential Functions/ Responsibility:
Perform price discovery of RMBS and related asset classes and identify relative value opportunities in the market
Based on market conditions, customer demand, relative value, and other market factors, effectively identify and position risk across the capital stack
Trade bonds from inventory but also facilitate riskless transactions and work on customer inquiry and situations
Work closely with strategy and data analytics team to market opportunities both internally and externally to institutional clients
Collaborate closely with sales to develop and maintain relationships and transact with a variety of institutional accounts
Manage and actively hedge trading book with TBAs, Treasuries, Futures, and Options
Gather, store and share market updates, color, and insights
Qualifications:
Knowledge of trading protocols, markets levels and risk management of RMBS
Strong understanding of U.S. residential mortgage market and RMBS fundamentals as well as macro-economic factors affecting the value and trading flow
Great communicator and marketer both in voice and written forms
Strong interpersonal skills with ability to engage and develop deep relationships with customers
Willingness to work long hours in a demanding, highly focused, collaborative, and team environment
Ability to multi-task and prioritize in a high-pressure environment
Results driven, with a strong sense of accountability and moral compass
Detailed-oriented with strong analytical / problem solving skills
Relevant experience, 5-9+ years
Ideally, 3+ years of trading experience in RMBS
Education:
Bachelor's Degree or equivalent work experience in Business or equivalent field (Req)
FINRA series 7 and 63 licenses
Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights:
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employee.
For NYC Job Applicants: The base annual salary range for this position is $161,000-$201,250. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Primary Location: New York, NY, Madison Ave Corp
Other Locations: New York-New York
Organization: Santander US Capital Markets LLC
Please Note :
epokagency.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, epokagency.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, Site.com is the ideal place to find your next job.
WHAT YOU WILL BE DOING
USA Job Function Description:
The firm is seeking a full-time trader to join an established team. Interested candidates must have product knowledge and trading experience in the U.S. residential mortgage market. The position is high-touch, and the candidate will be expected to work effectively in a fast-paced and high-pressure environment.
This position provides a unique opportunity to gain exposure across the entire range of the U.S. residential mortgage market, and involves collaborating closely with mortgage traders, institutional sales teams, strategists, and quant teams. In this role, the candidate will be expected to be a key contributor to generating trading revenues and managing risk. The candidate will also gain invaluable experience in trading, structuring, and operating a successful trading business.
Essential Functions/ Responsibility:
Perform price discovery of RMBS and related asset classes and identify relative value opportunities in the market
Based on market conditions, customer demand, relative value, and other market factors, effectively identify and position risk across the capital stack
Trade bonds from inventory but also facilitate riskless transactions and work on customer inquiry and situations
Work closely with strategy and data analytics team to market opportunities both internally and externally to institutional clients
Collaborate closely with sales to develop and maintain relationships and transact with a variety of institutional accounts
Manage and actively hedge trading book with TBAs, Treasuries, Futures, and Options
Gather, store and share market updates, color, and insights
Qualifications:
Knowledge of trading protocols, markets levels and risk management of RMBS
Strong understanding of U.S. residential mortgage market and RMBS fundamentals as well as macro-economic factors affecting the value and trading flow
Great communicator and marketer both in voice and written forms
Strong interpersonal skills with ability to engage and develop deep relationships with customers
Willingness to work long hours in a demanding, highly focused, collaborative, and team environment
Ability to multi-task and prioritize in a high-pressure environment
Results driven, with a strong sense of accountability and moral compass
Detailed-oriented with strong analytical / problem solving skills
Relevant experience, 5-9+ years
Ideally, 3+ years of trading experience in RMBS
Education:
Bachelor's Degree or equivalent work experience in Business or equivalent field (Req)
FINRA series 7 and 63 licenses
Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights:
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employee.
For NYC Job Applicants: The base annual salary range for this position is $161,000-$201,250. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Primary Location: New York, NY, Madison Ave Corp
Other Locations: New York-New York
Organization: Santander US Capital Markets LLC
Please Note :
epokagency.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, epokagency.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, Site.com is the ideal place to find your next job.