Analyst, Agency MBS Trading

About the Position

We are actively seeking an Analyst on our Agency MBS Trading team, preferably with 1-3 years of MBS-related experience. A market‑making trading seat at Performance Trust is a demanding role in terms of intensity and quantitative aptitude, with upside that is commensurate with one’s performance. This job is based in Chicago and is a fully in‑office position (onsite 5 days a week).

• Support senior traders in market‑making and risk management of Agency MBS, including specified pools and TBAs.
• Prepare axes, pricing runs, and pool color for distribution to traders, sales, and clients.
• Maintain desk analytics (Bloomberg, Yield Book, Excel) to track positions, risk, prepayments, and daily P&L.
• Assist in trade execution and ensure accurate booking, reconciliation, and resolution of breaks.
• Partner with sales on client requests, analytics, and trade ideas.
• Contribute to desk commentary and client‑facing materials to build market visibility.
• Monitor market flows and identify relative value opportunities across pools and coupons.
• Summarize key market news, Fed policy, and regulatory changes impacting Agency MBS.

• Bachelor’s degree preferably in a quantitative discipline, e.g., mathematics, finance, economics, engineering, computer science and/or statistics.
• Advanced training in Applied Math, Engineering, Statistical Modeling, Calculus, Computer Science, Physics or related disciplines a plus.
• Highly conversant in Excel, Bloomberg and Python.
• Strong attention to detail and process, particularly when under the pressure of deadlines.
• Excellent verbal and written communication skills.
• Ability to work without direction and follow through on given tasks.
• Ability to manipulate, interpret and communicate large datasets.
• Ability to think systematically and quantitatively.
• Ability to apply technology and/or quantitative skills to solve complex trading problems.
• Experience with programming, scripting, and/or statistical software.
• License Requirements: FINRA SIE and Series 7, 63 or the ability to obtain licenses within 120 days of hire date.
• Candidates must be eligible to work permanently in the United States without sponsorship.

• Medical, Dental & Vision Insurance (administered through a national carrier such as Blue Cross Blue Shields).
• Prescription Drug Plans.
• Pre‑Tax Flexible Spending Account (Health and Dependent Care) (FSA).
• Health Savings Account (HSA).
• Vacation/Personal Days + Holidays.
• PT Retirement.
• Mission‑Driven Employee Stock Ownership Plan.
• Voluntary Life Insurance + Long‑Term Disability Insurance.

• Discounted Fitness Memberships (Free membership for Chicago office).
• Pre‑Tax Commuter Benefits – Transit & Parking.
• Mental Health support through company provided Employee Assistance Program.
• Employee recognition programs (PT Rewards and Annual Awards).

The base salary range for this position is $75,000 - $100,000. This is an estimated range based on the circumstances at the time of posting, however, may change based on a combination of factors, including but not limited to skills, experience, education, market factors, geographical location, budget, and demand. This position is also eligible for a bonus component that would be dependent on pre‑defined performance factors.

All compensation determinations are based on the skills and experience required for the position and commensurate with experience of selected individuals, which may vary above and below the stated amounts.