Securitized Products - Agency MBS Analyst

The Empower Securitized Products team is responsible for the oversight and management of over $20Bn in US Securitized Products investments, encompassing Agency MBS/CMBS pass-thrus, Non Agency RMBS, CMBS, ABS and CLOs. In this role, you will provide coverage for our agency mortgage investments which consists of roughly $5bn across TBA, Specified Pools, CMOs and CMBS. You will work closely with portfolio managers to identify and execute on investment opportunities in your markets in a manner that is consistent with portfolio needs and risk guidelines. A successful candidate will be a highly organized, detail oriented and self-motivated individual who thrives in a team-based investment environment and will actively contribute to discussions around markets, strategy, risk, relative-value and trade ideas.What you will do:Analyze and evaluate specific investment opportunities in the Agency MBS / CMBS markets and present detailed support for these investments to portfolio managers and the investment teamConduct fundamental and technical analysis of the Agency MBS/ CMBS markets, monitoring performance, evaluating relative value across products, structures and coupons and identify opportunities and risks across portfoliosHave a deep understanding of the drivers of risk and return for these products, including carry, duration, convexity and optionalityUtilize agency MBS models, having a deep understanding their inputs and drivers, analyze prepayments relative to modeled expectations and make appropriate adjustmentsMonitor existing transactions, set up surveillance models and monitor bond performance vs. expectationsOversee all aspects of trading for Agency MBS/CMBS including building allocations, trade execution and ensuring the timeliness, completeness, and accuracy of all trades, while also acting as backup to the non-agency traderUtilize trading and portfolio management systems to monitor account positioning across various strategies, recommend and execute trading actions to ensure adherence to various strategy and risk targetsCommunicate directly with broker/dealer counterparties as well as utilize various electronic trading systemsCultivate and maintain strong relationships with sell-side coverageAssist in the effort to continuously improve the capability and scalability of the team’s investment processWhat you will bring:A minimum of 3 years of investment experience in the Agency MBS/CMBS markets is requiredBachelor’s degree in Finance, Economics or another related field. Graduate degrees focused in Finance/Economics or CFA designation are strongly preferredExcellent written and verbal communication skillsA proven ability to organize, process and analyze large data sets and draw well-reasoned conclusionsWhat will set you apart:Experience trading derivatives, including futures, swaps and options, for portfolio hedging strategiesExperience using, interpreting and adjusting Bloomberg’s BAM modelStrong technical and quantitative skills (Proficiency in programming languages such as Python/SQL/R is preferred)Note:

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.

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