Agency MBS Senior Analyst/Trader

Position Summary

This position is based in TCW’s Los Angeles office and reports to the Co-Heads of Global Securitized Products within TCW’s Fixed Income team. The role requires working onsite five days per week.

About the Role

The Senior Analyst/Trader will join the Agency MBS team (and the broader Global Securitized team) to provide market surveillance, investment analysis, best execution, and portfolio optimization across TCW’s managed portfolios.

Responsibilities

• Agency MBS Market Coverage & Investment Activity
• Trading & Execution: Execute Agency MBS trades across specified pools, TBAs, and CMO structures with precision and efficiency
• Portfolio Management: Collaborate with portfolio managers to optimize allocations, and help manage duration, convexity, and prepayment risk
• Market Analysis: Monitor market trends, rate movements, and liquidity conditions to identify opportunities and mitigate risk
• Client Interaction: Support client inquiries, provide market color, and assist in structuring solutions tailored to client objectives
• Risk Oversight: Ensure compliance with internal risk limits and regulatory requirements
• Collaboration: Work closely with Rates, Risk and Operations teams in day-to-day trading and execution; work closely with proprietary analytics developers to enhance workflow and trading efficiency

Qualifications

• Bachelor’s degree; minimum 10 years of buy-side or sell-side experience trading Agency MBS
• Proficiency in Yield Book, TradeWeb, Bloomberg, advanced MS Excel, and Intex
• Experience with Python, SQL, and/or VBA

Professional Skills

• Excellent verbal and written communication skills
• Highly motivated and resourceful with strong work ethic and entrepreneurial mindset

Desired Qualifications

• Graduate degree and/or CFA designation preferred; or, equivalent work experience

Benefits

Eligible for TCW’s comprehensive benefits package.