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BNP Paribas · 8 hours ago

Vice President - TBA Flow Trader

New York, NY

Full-time

Onsite

Mid Level

$225K/yr - $265K/yr

4+ years exp

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. They are seeking a TBA Trader for their agency mortgage desk within G10 rates, responsible for market making, risk management, and providing liquidity to clients. The role involves writing market commentary, collaborating with trading teams, and monitoring market news to evaluate risks and opportunities.

BankingConsumer LendingFinancial ServicesInnovation ManagementWealth Management

Responsibilities

This is a Associate/VP/Director level role that will report to the head of MBS Trading

Trading role will focus on market making and risk management of TBAs and New Production Specified Pools

Provide liquidity through market making to BNPP client base. Work with head of trading and sales on expanding the Flow TBA franchise both domestically and overseas

Write daily commentary to be distributed to the salesforce, hold conference calls with clients to discuss the market and trade ideas

Work with our quant and research team on improving existing analytics and relative value framewors

Contribute to and facilitate with trading middle office, the confirmation of daily P&L at the close of the day

Monitor market news and events and evaluate the risk and opportunities for clients and the firm's positions and strategy

Attend relevant regulatory and product/skill training and keep up to date with market issues

Maintain open communication with team and direct line management to resolve risk and P&L discrepancies and fulfil notification requirement

Qualification

MBS Pass-through TBAsTrading experienceCapital Markets KnowledgeSeries 7Series 63ProactiveEthicsAnalyticalAttention to detailInterpersonal skillsIntegrityWork under pressureCommunication skills