MBS Trader

We are offering a salary of $60,000–$70,000 USD for this position.

Optimal Blue is a leading provider of innovative secondary market solutions and actionable data services that deliver integrated solutions to transform the mortgage and capital market industries.

• Support the Hedge Account Management Team as it evaluates, defines, and executes hedge strategies, derivation of risk management analytics and historical data.
• Execute hedge trades on behalf of clients, typically using forward-traded TBA or other market instruments, and trading loans on behalf of clients, using bulk, cash, co-issue, and other common or specialty executions.
• Work directly with Hedge Account Management Team to implement new tools, troubleshoot existing setups, and other ad hoc analysis.
• Heavy emphasis on supporting the overall trade desk with trading TBA and Specified Pool Securities.
• 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 Management Team 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 Management Team 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.

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

• Knowledge of company products, services, and capabilities.
• Excellent customer service skills in high stakes business-to-business environment.
• Ability to learn and comprehend the mortgage origination process, mortgage securities and markets through on-the-job training.
• Knowledge of options theory, derivative markets and instruments, macroeconomics, and financial markets.
• 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 and problem-solving skills with close attention to detail.
• Ability to work in a fast-paced team environment supporting multiple client requests and shifting priorities with excellent multitasking and time management skills.
• Positive outlook, strong work ethic, and responsive to internal and external customers and contacts.

• Salary Range: USD $63,000.00 - USD $77,000.00 per year.

• 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…