Mbs Trade Support

in Financial Services
  • New York, New York View on Map
  • Salary: $75,000.00 - $80,000.00
Permanent

Job Detail

  • Experience Level Staff
  • Degree Type Bachelor of Science (BS)
  • Employment Full Time
  • Working Type On Site
  • Job Reference 0000018574
  • Salary Type Annually
  • Industry Broker Dealer
  • Selling Points

    Enhance your expertise in MBS trade support operations in a dynamic environment. Collaborate directly with traders to ensure seamless trade execution and reconciliation. Gain hands-on experience with comprehensive training provided.

Job Description

Overview

  • Provide trade support for TBA/MBS transactions, ensuring seamless operations and accurate execution.
  • Collaborate closely with traders to manage allocations, trade processing, and settlement tasks.
  • Perform trade reconciliation and execution confirmation to maintain operational integrity.
  • Work on the trading desk to support daily activities and resolve issues promptly.
  • Gain hands-on experience in trade operations with training provided for unfamiliar tasks.
  • Contribute to the efficiency of trading operations in a fast-paced environment.
  • Ensure compliance with industry standards and internal policies during trade execution.
  • Develop expertise in MBS trade support functions through continuous learning and collaboration.

Key Responsibilities & Duties

  • Support traders in managing TBA/MBS trade allocations and processing tasks.
  • Handle settlement procedures to ensure timely and accurate trade completion.
  • Perform reconciliation of trades to identify and resolve discrepancies.
  • Confirm execution details with counterparties and maintain accurate records.
  • Collaborate with internal teams to address operational challenges effectively.
  • Assist in maintaining compliance with regulatory requirements and industry standards.
  • Provide desk support for traders, ensuring smooth daily operations.
  • Participate in training sessions to enhance knowledge of trade support functions.

Job Requirements

  • Bachelor of Science (BS) degree in a relevant field is required.
  • Preferred experience of 1 year in trade support or related functions.
  • Strong understanding of TBA/MBS trade operations and processes.
  • Ability to collaborate effectively with traders and internal teams.
  • Proficiency in trade reconciliation and execution confirmation tasks.
  • Excellent organizational skills to manage multiple tasks in a fast-paced environment.
  • Willingness to learn and adapt to new trade support functions.
  • Commitment to maintaining compliance with industry regulations and standards.
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