Residential Loan Trader

Overview

Why work for us?

A career at Janus Henderson is more than a job, it’s about investing in a brighter future together.

Our Mission at Janus Henderson is to help clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. We will do this by protecting and growing our core business, amplifying our strengths and diversifying where we have the right.

Our Values are key to driving our success, and are at the heart of everything we do:

Clients Come First - Always | Execution Supersedes Intention | Together We Win | Diversity Improves Results | Truth Builds Trust

If our mission, values, and purpose align with your own, we would love to hear from you!

The Residential Whole Loan Trader will be responsible for working directly with portfolio managers to model, price, and analyze residential whole loan pools, including jumbo loans, non-QM loans, closed-end second liens, and HELOCs. This role requires expertise in loan-level modeling, risk measurement and management, and market analysis to optimize trading strategies and portfolio performance.

• Loan Pool Analysis:
  Collaborate with portfolio managers to model, price, and analyze residential whole loan pools, including various loan types such as jumbo, non-QM, closed-end second liens, and HELOCs.
• Modeling Workflow:
  Establish behavioral model forecasts at the loan level, conduct stress and scenario analysis, and evaluate the relative value of various forms of debt and securitization structural features.
• Post-Acquisition Surveillance:
  Monitor portfolio performance post-acquisition, track performance against expectations and market benchmarks.
• Coordination:
  Work closely with portfolio management, operations, and transaction management teams to ensure successful execution of trading strategies.
• Risk Management:
  
  Coordinate with risk management to design and implement hedging programs on the loan portfolio, and track P&L and hedges effectively.
• Market Analysis:
  Monitor market trends, pricing dynamics, and regulatory changes to inform and adjust trading strategies.
• Regulatory Compliance:
  Ensure adherence to relevant industry regulations and company policies.
• Technical Expertise:
  Apply cashflow modeling, statistical and econometric modeling, aided by software like Intex Calc, Intex Dealmaker, Yield Book, and Bloomberg to analyze whole loan pools and price and model risk
• Carry out other duties as assigned

• Hybrid working and reasonable accommodations
• Generous Holiday policies
• Paid volunteer time to step away from your desk and into the community
• Support to grow through professional development courses, tuition/qualification reimbursement and more
• Maternal/paternal leave benefits and family services
• Complimentary subscription to Headspace – the mindfulness app
• Corporate membership to Class Pass and other health and well-being benefits
• Unique employee events and programs including a 14er challenge
• Complimentary beverages, snacks and all employee Happy Hours

• Previous trading experience in residential whole loans.
• Bachelor's Degree required, preferably in mathematics, technical sciences, business, finance or economics
• Minimum of five years trading experience required
• Knowledge of Bloomberg and other market data platforms, including execution platforms
• Knowledge of Intex Solutions, Yield Book and other applications applicable to role
• Ability to prioritize and manage time and risk accordingly
• Strong communication, interpersonal, and customer service skills
• Independent judgement with strong analytical and risk assessment skills
• Ability to build key internal relationships with Fund Managers and external relationships with brokers

• Programming skills (C#, Python, VBA) strongly preferred
• Derivatives and FX experience, including swaps, futures and forwards strongly desired

• No
• Potential for growth
• Mentoring
• Leadership development programs
• Regular training
• Career development services
• Continuing education courses

The base salary range for this position is $180,000 - $210,000. This range is estimated…