Description

Job Description:

Associate - FICC Trading (Mortgage Products)

Rodrigo Calvo Team
Role Overview

The Associate will join the FICC Trading Mortgage Products team, supporting day‑to‑day trading activity across a range of agency and non‑agency mortgage products. This role sits directly on the trading desk and requires strong markets acumen, sound risk instincts, and the ability to perform in a fast‑paced, high‑pressure environment. The Associate will partner closely with senior traders, sales, research, and risk to help manage positions, analyze market dynamics, and drive franchise growth.
Key Responsibilities

• Support the trading desk in managing positions, risk, and P&L across mortgage products (e.g., Agency MBS, TBA, specified pools, CMOs, and related derivatives, as applicable).
• Monitor market conditions, spreads, flows, and macro/micro drivers impacting mortgage valuations.
• Assist in pricing, trade execution, and post‑trade analysis; ensure accurate booking and lifecycle management of trades.
• Develop and maintain analytical tools and models to support trading decisions, relative value analysis, and risk management.
• Partner with Sales to ensure efficient client execution and high‑quality market color.
• Work closely with Operations, Risk, Compliance, and Technology to ensure robust controls and smooth trade processing.
• Contribute to desk initiatives, automation efforts, and process improvements as the platform evolves.

Qualifications

• Bachelor's degree required; strong academic background in finance, economics, mathematics, engineering, or a related field preferred.
• Prior experience in FICC trading, mortgage products, structured products, or related markets strongly preferred.
• Solid understanding of fixed income fundamentals, interest rates, and mortgage market mechanics.
• Strong quantitative, analytical, and problem‑solving skills; advanced Excel required, with Python or other programming skills a plus.
• Ability to manage multiple priorities, make decisions under time pressure, and operate with a high level of detail and accuracy.
• Strong communication skills and the ability to work collaboratively on a trading desk.
• Demonstrated interest in global markets and trading as a long‑term career.

Minimum Education Requirement: Bachelor's degree in related field or equivalate work experience

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$110,000.00 - $160,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.