CMO Portfolio Manager/Trader

Take the first step towards discovery by exploring our employment opportunities. CMO Portfolio Manager/Trader

Barclays Global Investors (BGI) is America's largest money manager, providing structured investment strategies such as indexing, risk-controlled active products, and exchange traded funds to investors worldwide. For 35 years, BGI has been at the forefront of developing innovative investment ideas, applying science and technology to the investment process. Headquartered in San Francisco and winning first place in the SF Business Times' ''Best Places to Work in the Bay Area 2008" Awards (Large Companies category), the Barclays PLC subsidiary employs over 3,700 people globally and manages approximately $2 trillion in assets.

Overview
The CMO Portfolio Manager/Trader will be a member of Mortgage Investment Team responsible for generating superior performance in MBS portfolios. This person will be responsible for trading securities and developing long/short recommendations in the prime MBS market (including agency and non-agency credit), focusing on CMOs and mortgage derivatives. The position will report into the Head of US Fixed Income Trading.

Responsibilities
Actively manage and enhance return in mortgage portfolios in collaboration with other members of the mortgage investment team. Conduct trading and identify relative value opportunities across agency and non-agency structured MBS sectors including pass-throughs, PACs, sequentials, IOs and POs (both trusts and structured), inverses, floaters, and more esoteric derivative structures. Work with research to develop and improve existing signals of mortgage models – specifically those involving CMOs and mortgage derivatives. Ensure cash allocated for long-term investment achieves targeted objectives and recommend hedges as needed. Support the balance of the mortgage team and become an integral part of alpha generation for our active MBS strategies.



Requirements
At least 5 years of experience in the MBS sector, with an emphasis on trading and portfolio management preferred. Strong risk management skills, focusing on convexity risk (for agency securities) plus credit risk (for non-agencies). This includes mastery of analytic tools to manage idiosyncratic, systematic, and interest rate risks. Strong quantitative skills with a willingness to adopt the BGI's research framework. Ability to prioritize multiple demands in a fast-paced, intellectually demanding work environment. Solid understanding of asset classes outside of the mortgage sector. MBA/CFA or higher degree preferred.

To apply, please click here. You will be taken to the Barclays Global Investors Careers website where you will be asked to create a profile and submit a resume for this position.

BGI's San Francisco headquarters is located at 45 Fremont (near Market Street) and is easily accessible by BART and Muni. More information about careers at BGI can be obtained at http://www.barclaysglobal.com/about/careers/?r=19&a=34.



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