First United Bank · 2 hours ago
Fixed Income Portfolio Analyst (Securitized) – Ranger
Plano, TX
Full-time
Onsite
Mid, Senior Level
3+ years expFirst United Bank is seeking a Fixed Income Portfolio Analyst to support the Fixed Income Portfolio Manager in managing and overseeing fixed income portfolios. The role focuses on securitized products, trade execution, and risk analysis to ensure effective portfolio management and compliance with internal policies.
BankingFinancial ServicesInsuranceLending
Responsibilities
Support execution workflows for corporate bonds, money market instruments, and securitized products, including price discovery, dealer runs, comparable analysis, and best-execution documentation
Own trade maintenance end-to-end: blotter accuracy, allocations, confirmations, settlement follow-through, exception management, and coordination with operations, custody, and accounting
Execute routine portfolio maintenance activity (rolls, rebalances, reinvestments) with strong process discipline, documentation, and audit readiness
Ensure execution and post-trade processes align with internal policies, best-execution standards, and portfolio guidelines
Analyze securitized investments (Agency MBS, ABS, CMBS) for portfolio fit, including structure, key risks, liquidity, and expected performance across rate and spread scenarios
Produce concise purchase / hold / sell recommendations, clearly articulating: Relative value context, Key risk drivers and sensitivities, Explicit 'what would change the view' triggers
Support price discovery and execution for securitized trades, including dealer runs, comparable levels, and documented execution rationale
Monitor the securitized sleeve at the portfolio level, including: Duration, yield, carry/roll dynamics, DV01 and interest-rate sensitivity, Concentration limits and guideline adherence, Drift versus portfolio and Treasury targets
Support Treasury risk processes by maintaining and validating securitized cash flows and assumptions, and by assisting with interest-rate risk modeling, reporting inputs, and reconciliations
Maintain a repeatable cadence of portfolio analytics and reporting, including duration, DV01 (and key-rate duration where applicable), convexity, yield, carry/roll, spread duration, liquidity profile, concentration exposure, and guideline compliance
Identify and flag exposure drift; propose actionable adjustments and clearly communicate trade-offs (carry vs liquidity vs DV01)
Support scenario analysis (rate shocks, curve shifts, spread widening) and translate quantitative outputs into clear, plain-English implications for portfolio positioning
Qualification
Required
3–6 years of relevant fixed income experience (portfolio analytics, trading support, risk, bank treasury, asset management, or sell-side), with meaningful exposure to securitized products
Demonstrated experience in securitized due diligence and surveillance across Agency MBS, ABS, and CMBS, including: Structural familiarity, Ongoing monitoring cadence, Liquidity awareness, Clear escalation discipline
Strong understanding of securitized risk drivers, including OAS/spreads, WAL/WAM, prepayment and extension behavior, tranche features, collateral fundamentals, and market technicals
Solid bond math foundation: yield and spread analysis, duration and DV01, convexity, carry/roll, and total return drivers
Advanced Excel skills required
Self-Starter & Continuous Improvement Mindset: Proactively improves monitoring, reporting, and execution workflows through better templates, controls, automation, and documentation
Demonstrates strong ownership: follows issues through to resolution, escalates appropriately, and keeps stakeholders informed
Builds repeatable, scalable processes (e.g., watchlists, weekly risk packs, trade checklists) that reduce operational risk and improve consistency
Preferred
Tools: Bloomberg strongly preferred; Intex, Yield Book, or Trepp experience a plus
Python, SQL, or VBA experience a plus
Company
First United Bank
First United Bank is a banking company that specializes in the fields of personal banking, loans, and business loans.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
$80.45M2022-02-01Series Unknown· $80.45M
Leadership Team
Tadd D. Tobkin
Executive Vice President
Recent News
2026-01-13
2025-11-11
2025-10-22
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