MBS Trader

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 Chevy Chase (zip code 20815 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 forwardtraded 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

• Bachelors degree or the equivalent combination of education training and work experience. Masters 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 onthejob training
• Knowledge of Mortgage Secondary Marketing including best 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 nontechnical audiences of various levels within the organization (e.g. executive management individual contributors) as well as outside the organization
• Excellent analytical decisionmaking problemsolving team and time management skills
• Positive outlook strong work ethic and responsive to internal and external customers and contacts

We are targeting pay for this position nearer to the midpoint of the range rather than the top of the range.

OB Hedge & Trading (H&T)

Exempt

The estimated base salary range for this role in the United States is $57600.00 $86400.00 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.

This role will also be eligible for participation in a Company profit sharing bonus plan. Plan details will be provided to you upon hire.

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).

The Company provides a minimum of 10 days of vacation for new employees sick time based on state requirements 8 Companypaid 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.

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