Residential Mortgage Securitization Trader - Associate

Location: New York

Be at the center of the residential mortgage market—where collateral strategy, market pricing, and transaction execution come together.

The Consumer & Community Banking Capital Markets – Portfolio team manages approximately 500B of balance sheet assets across Residential, Auto, and Commercial Real Estate, spanning the full loan lifecycle from product development and originations through hedging, asset-liability management, servicing strategy, and exit execution via loan sales and securitization. The team has built a leading securitization and risk transfer platform across flagship shelves (CHASE, CHAOT, CACLN), with over 70B of loan trading activity and a top-tier market presence.

As an Associate Trader, you will focus on residential mortgages and RMBS, sourcing collateral, analyzing relative value, and executing transactions. You will engage directly with investors and correspondent lenders while partnering closely with Sales, Trading, Structuring, Research, and origination teams to align collateral strategy with market execution and balance sheet objectives. This role is designed for someone who wants to be close to markets, build strong product expertise, and contribute directly to the continued growth of the residential securitization platform.

Job responsibilities

Drive collateral sourcing and market engagement with investors, correspondent lenders, and internal partners

Analyze collateral attributes, cash flows, and structural features to inform pricing, execution, and risk transfer outcomes

Develop and communicate relative value views and actionable trade ideas for distribution and execution

Support structuring, marketing, and execution of RMBS securitizations and related capital markets transactions

Monitor pipeline, inventory, hedging, and desk performance; identify key drivers, risks, and opportunities

Prepare and present materials on performance, strategy, and market opportunities to senior stakeholders

Build and enhance analytical frameworks, tools, and processes to improve decision-making and scalability

Required qualifications, capabilities, and skills

Strong written and verbal communication skills; ability to clearly articulate analysis and market views to varied audiences

Demonstrated relationship-building skills and comfort representing the platform with external counter parties

Bachelor’s degree or equivalent experience, with strong quantitative, analytical, and problem-solving skills

Strong interest in financial markets and the drivers of pricing, liquidity, and relative value

Ability to translate market, collateral, and transaction data into actionable business insights in a fast-paced environment

Intellectual curiosity and desire to develop expertise in residential mortgages, securitized products, and trading dynamics

Strong work ethic, professionalism, judgment, and ability to handle sensitive information appropriately

Preferred qualifications, capabilities, and skills

Proficiency with Python and data/analytics workflows (including AI-enabled tooling), plus strong Excel and PowerPoint skills

Financial modeling experience (cash flow analysis, bond math, securitization analytics) and familiarity with relevant market instruments

Prior experience in structured products, mortgage/RMBS markets, trading, capital markets, or securitization structuring/execution

Commercial mindset with ability to identify opportunities and contribute to execution-oriented work streams

Chase is a leading financial services firm, helping nearly half of America’s households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses,…