Residential Whole Loan Trader
Why Work for Us?
A career at Janus Henderson is more than a job; it’s about investing in a brighter future together. Our Mission is to help clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. We protect and grow our core business, amplify our strengths, and diversify where we have the right.
Our Values—Clients Come First, Execution Supersedes Intention, Together We Win, Diversity Improves Results, and Truth Builds Trust—are key to driving our success and are at the heart of everything we do. If our mission, values, and purpose align with your own, we would love to hear from you!
Key Responsibilities
Develop and maintain borrower performance models, including default, delinquency, and prepayment curves for pools of residential mortgage loans.
Create and calibrate S-curves and other behavioral models to capture sensitivity to interest rates, credit attributes, and macroeconomic factors.
Conduct scenario and stress testing to assess portfolio resilience under varying market conditions.
Perform levered cash flow modeling for whole loan pools and securitization structures.
Evaluate relative value across loan cohorts and securitization tranches using tools such as Intex, Yield Book, and internal models.
Support portfolio managers in trade structuring, hedging strategies, and P&L attribution.
Manage large, loan-level datasets and ensure data integrity across acquisition, surveillance, and reporting workflows.
Integrate data into internal systems and visualization platforms such as Snowflake, Power BI, and Tableau.
Collaborate with technology teams to enhance automation and scalability of analytical processes.
Track portfolio performance against expectations and market benchmarks.
Partner with risk management to design and implement hedging programs and monitor exposure metrics (duration, convexity, spread risk).
Stay current on mortgage market trends, regulatory developments, and investor behavior.
Contribute to research initiatives on borrower behavior, housing economics, and securitization structures.
What to Expect When You Join Our Firm
Hybrid working and reasonable accommodations
Generous Holiday policies
Paid volunteer time
Support to grow through professional development courses, tuition/qualification reimbursement, and more
Maternity/paternity leave benefits and family services
Complimentary subscription to Headspace – the mindfulness app
Corporate membership to ClassPass and other health and well-being benefits
Unique employee events and programs including a 14er challenge
Complimentary beverages, snacks, and all employee Happy Hours
Must Have Skills
Education: Master’s or Ph.D. in a quantitative discipline (Finance, Economics, Statistics, Mathematics, Physics, Engineering, or related field)
Experience: Minimum 5 years in mortgage analytics, quantitative research, or portfolio modeling within an asset manager, hedge fund, bank, or rating agency
Technical Skills: Proficiency in cash flow modeling and loan-level analytics; advanced knowledge of Intex, Yield Book, and other mortgage analytics platforms; strong programming skills in Python, R, or SQL for data manipulation and model development; familiarity with Snowflake, Power BI, and Tableau for data integration and visualization
Domain Expertise: Deep understanding of residential mortgage products (Prime, Non-QM, Jumbo, second liens, HELOCs), borrower behavior, and securitization structures
Soft Skills: Excellent communication, ability to present complex analytics to senior stakeholders, and collaborative mindset
Supervisory Responsibilities
No
Potential for Growth
Mentoring Leadership development programs Regular training Career development services Continuing education courses
Compensation Information
The base salary range for this position is $180,000 - $210,000. This range is estimated for this role. Actual pay may be different. This role will remain open through February 28, 2026.
Annual Bonus Opportunity
Position is eligible to receive an annual discretionary bonus award from the profit pool. The profit pool is funded based on Company profits. Individual bonuses are determined based on Company, department, team, and individual performance.
Benefits
Janus Henderson is committed to offering a comprehensive total rewards package to eligible employees that includes; competitive compensation, pension/retirement plans, and various health, wellbeing and lifestyle benefits. To learn more about our offerings please visit the Why Join Us section on the career page here.
Equal Opportunity / Affirmative Action Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.
Regulatory Obligations
You should be willing to adhere to the provisions of our Investment Advisory Code of Ethics related to personal securities activities and other disclosure and certification requirements, including past political contributions and political activities.