BNP Paribas · 15 hours ago
Analyst – Agency CMO Trader
New York, NY
Full-time
Hybrid
Entry, Mid Level
$110K/yr - $130K/yr
1+ years expBNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. The Analyst – Agency CMO Trader role focuses on market making and risk management of fixed rate CMOs and associated collateral book, while also structuring new issue CMO responsibilities.
BankingConsumer LendingFinancial ServicesInnovation ManagementWealth Management
Responsibilities
Working with current team to provide clients liquidity across all secondary CMO markets (including Fixed Rates, Floaters and Inverse Floaters and any other exotic CMO security such as Supports and PACs and Last Cash Flows)
Focusing on maximizing opportunities within new issue CMO creation. Working with the rest of team on evaluating different new issue structures off a variety of collateral to satisfy client needs and inquiries
Working closely with the Spec desk on evaluating different spec stories and coupons to optimize execution based on client inquiries
Evaluating hedging different hedging strategies for the books based on rates and basis performance
Interacting with BNP sales and clients in order to understand clients investment objectives and needs. Working on sourcing or creating securities that satisfy those criteria
Attending relevant regulatory and product/skill training and keeping up to date with market issues
Contributing to and facilitating interactions with trading middle office, confirming daily P&L at the close of the day
Maintaining open communication with team and direct line management to resolve risk and P&L discrepancies and fulfil notification requirement
Qualification
Required
Bachelor's Degree in Finance or a related / STEM field
1-4+ years' previous work experience, ideally in a trading capacity
Existing client relationships a plus
Direct experience in Mortgages required
Capital markets knowledge
FINRA Registrations Required: YES
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): YES
Preferred
Analytical mindset with attention to detail
Strong interpersonal skills
Proactive; demonstrates high standards of ethics and integrity
Ability to work well under pressure
Strong communication skills, including capacity to present trade ideas to internal and external clients
Benefits
Medical
Dental and vision coverage
A 401(k) Savings Plan
Backup childcare
Life, accident and disability insurance
Mental health support
Paid time off
Eligibility for a discretionary bonus
Company
BNP Paribas
BNP Paribas is a financial service company that offers commercial, banking, and investment services. It is a sub-organization of Opera Tech Ventures.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2010-04-05IPO
Leadership Team
Eirik Winter
CEO & Head of CIB, Nordic Region
Jean-Laurent Bonnafé
Director and Chief Executive Officer
Recent News
2026-01-23
2026-01-22
2026-01-22
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