11 days old

Junior MBS Trader

T. Rowe Price
Baltimore, MD 21202
  • Job Code

A career at T. Rowe Price says you want to contribute and make a difference at a leading global investment management firm where success results from the dedication our associates have in building success for our clients. We are a growing organization of associates from diverse backgrounds, experiences, and perspectives.

We take a long-term view on associates and their careers. Our associates do phenomenal work with purpose, and as a result, we provide growth opportunities through in-person and online training, management development programs, and career development on the job.

If you are seeking a meaningful work experience along with a workplace culture that thrives on teamwork, we invite you to explore the opportunity to join us.

This individual will work with the Global Trading Team with the primary responsibility for trading mortgage backed securities (MBS). In addition, the trader will be responsible for communicating themes, trends, and activity relating to the Mortgage debt market to portfolio managers, analysts, and other traders on a regular basis. This trader must maintain a working knowledge of the MBS market and keep abreast of evolving market trends.Being able to build and maintain relationships both externally and internally is essential.


  • Execute buy and sell transactions on agency mortgage backed securities across multiple active portfolio strategies, as well as various systematic trading strategies
  • Maximize best execution practices using multiple trading platforms/venues for TBAs, specified pools, CMOs and dollar rolls
  • Develop maintain, and manage relationships with broad set of broker/dealers
  • Gather and analyze market color and communicate relevant information to portfolio managers, analysts, and other traders across the firm
  • Track sector specific valuation information to help identify market opportunities for internal portfolios



  • Bachelors degree
  • Fixed Income investment experience preferred
  • Strong interpersonal and communication skills
  • Strong ability to build and maintain relationships both externally and internally is essential
  • Ability to work effectively as part of a team of portfolio managers, analysts and traders
  • Strong quantitative, analytical and organizational skills
  • Ability to negotiate effectively with broker/dealers
  • Ability to work under pressure and multi-task with precision
  • Strong attention to detail
  • Self-motivated


  • Bachelors degree in Finance, Accounting, Economics or Mathematics
  • MBA, MA or CFA (or in progress)
  • Programming skills

FINRA licenses are not required and will not be supported for this role

T. Rowe Price is committed to providing our associates with a comprehensive total rewards benefit program, including wellness, retirement and quality-of-life benefits. Please view What We Offer to see what's available to you.

As part of T. Rowe Prices Health and Safety protocols, effective October 19, 2021, any US-based new hires, including interns will be required to be fully vaccinated against COVID-19 or have a valid medical or religious exemption from receiving a COVID-19 vaccine.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, colour, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.

Posted: 2022-01-07 Expires: 2022-02-05
Sponsored by:
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Sponsored by:
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Junior MBS Trader

T. Rowe Price
Baltimore, MD 21202

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