CIB Agency Mortgage Backed Securities Trader, Vice President
Santander · United States · 14d ago
It Starts Here:
Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.
If you are interested in exploring the possibilities We Want to Talk to You!
The Difference You Make:
The Agency Mortgage-Backed Securities (“MBS”) Trading Vice President is responsible for market-making, risk management, trade execution, and revenue generation across Agency MBS products. The role requires deep knowledge of mortgage markets, strong quantitative and analytical capabilities, and the ability to make timely trading decisions in a fast-paced, risk-controlled environment.
You will partner closely with Institutional Sales, Research, Structuring, Operations, Finance, Technology, Risk, and Compliance to deliver liquidity, market insights, and trade ideas to institutional clients while managing the firm’s positions in accordance with established risk limits and regulatory requirements.
Key responsibilities include:
- Make markets and execute transactions across Agency MBS products, including To-Be-Announced securities, specified pools, pass-through securities, and related mortgage products.
- Manage trading positions, market risk, basis risk, convexity risk, prepayment exposure, and daily profit and loss within approved limits.
- Price securities and evaluate relative-value opportunities using market data, prepayment assumptions, yield and spread analysis, option-adjusted spread analysis, and other mortgage analytics.
- Develop and execute hedging strategies using U.S. Treasury securities, futures, swaps, options, and other appropriate instruments.
- Monitor macroeconomic developments, interest-rate movements, Federal Reserve activity, housing-market trends, mortgage origination dynamics, and regulatory developments that may affect Agency MBS valuations.
- Generate actionable trade ideas and communicate market color, pricing, liquidity, and risk considerations to Institutional Sales and clients.
- Support the growth of the Agency MBS franchise by deepening client relationships, identifying revenue opportunities, and contributing to broader fixed-income strategy.
- Collaborate with Research and Sales to develop client-facing content and differentiated market perspectives.
- Maintain accurate position, risk, valuation, and profit-and-loss records and promptly investigate or escalate discrepancies.
- Ensure trading activity complies with applicable laws, regulations, firm policies, supervisory procedures, and market-conduct standards.
- Partner with Market Risk, Credit Risk, Compliance, Operations, and Finance to resolve trade, valuation, control, and reporting matters.
- Contribute to the development and enhancement of pricing tools, trading analytics, automated processes, and risk-management infrastructure.
- Provide guidance and technical support to junior traders, analysts, and other team members.
- Demonstrate sound judgment, disciplined risk management, and a strong commitment to ethical conduct and the firm’s values.
What You Bring:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education:
Qualifications:
Certifications:
- No Certifications listed for this job.
It Would Be Nice For You To Have:
- Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
What Else You Need To Know:
The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Base Pay Range:
Minimum:
$225,000.00 USDMaximum:
We Value Your Impact:
Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com)
Risk Culture:
We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.
EEO Statement:
At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions:
Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.
Employer Rights:
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.
What To Do Next:
If this sounds like a role you are interested in, then please apply.
We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at TAOps@santander.us to discuss your needs.