ZipRecruiter

Log In

1

Cmbs Trader Jobs (NOW HIRING)

The Hartford

CMBS Sector Head

Hartford, CT · Hybrid

Partner closely with the CMBS trader to execute primary and secondary market transactions while gathering market color to support investment decisions. Qualifications: * 10+ years of investment ...

Vangard, Inc.

Structured Products Trader

Malvern, PA · On-site

This role offers the ability to contribute directly to portfolio performance through trading, idea generation, and portfolio positioning across CLOs and broader structured credits (ABS/CMBS). The ...

Vanguard Group

Structured Products Trader

Malvern, PA · On-site

This role offers the ability to contribute directly to portfolio performance through trading, idea generation, and portfolio positioning across CLOs and broader structured credits (ABS/CMBS). The ...

Blue Owl

Real Assets, CMBS Associate

New York, NY · On-site

Actively trade CMBS and other securitized CRE credit assets in the secondary market, originating trade ideas and delivering best execution for clients. * Engage in all aspects of due diligence and ...

Blue Owl

Real Assets, CMBS Associate

New York, NY · On-site

Actively trade CMBS and other securitized CRE credit assets in the secondary market, originating trade ideas and delivering best execution for clients. * Engage in all aspects of due diligence and ...

Blue Owl

Real Assets, CMBS Associate

New York, NY · On-site

Actively trade CMBS and other securitized CRE credit assets in the secondary market, originating trade ideas and delivering best execution for clients. * Engage in all aspects of due diligence and ...

Brio Real Estate

Associate, CRE/CMBS

Atlanta, GA

... traded Mortgage REIT, and liquid securities strategies. BREDS is part of Blackstone Real Estate ... This role focuses on analyzing and managing credit risk within CMBS investments. Responsibilities ...

next page

Showing results 1-20

All JobsCmbs Trader Jobs

Cmbs Trader information

See salary details

$39.5K

$96.8K

$269.5K

How much do cmbs trader jobs pay per year?

As of Aug 10, 2026, the average yearly pay for cmbs trader in the United States is $96,774.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,500.00 and $105,500.00 per year, depending on experience, location, and employer.

What is a CMBS trader?

A CMBS Trader buys and sells commercial mortgage-backed securities (CMBS) in financial markets to generate profits or manage risk for their firm. They analyze market trends, credit risk, and deal structures to make informed trading decisions. CMBS Traders work with institutional clients, hedge funds, and investment banks to execute trades, manage portfolios, and optimize returns. Strong quantitative skills, market knowledge, and risk management expertise are essential for success in this role.

How much does a CMBS trader make?

A CMBS trader typically earns between $80,000 and $200,000 annually, depending on experience, location, and performance. Compensation may also include bonuses tied to trading success and market conditions, with senior traders earning higher salaries and bonuses.

What are the day-to-day responsibilities of a CMBS trader?

A CMBS Trader spends the day monitoring market conditions, analyzing commercial mortgage-backed securities, executing buy and sell orders, and managing risk within a trading portfolio. Daily tasks also involve pricing securities, communicating with institutional clients, collaborating with research analysts, and responding quickly to market-moving news. Traders often work closely with sales teams to provide market color and identify trading opportunities. The role requires quick decision-making, continuous market analysis, and attention to regulatory compliance, making each day dynamic and engaging for those who enjoy fast-paced environments.

What are the key skills and qualifications needed to thrive in the CMBS trader position, and why are they important?

To thrive as a CMBS Trader, you need strong analytical skills, a solid understanding of commercial mortgage-backed securities markets, and typically a degree in finance, economics, or a related field. Familiarity with trading platforms like Bloomberg, risk management systems, and relevant FINRA licenses such as Series 7 and 63 are commonly required. Excellent communication, negotiation skills, and the ability to work well under pressure help set top performers apart. These capabilities are critical for making timely, informed trading decisions and effectively collaborating with sales teams, clients, and risk managers in a dynamic market environment.

More about Cmbs Trader jobs
What cities are hiring for Cmbs Trader jobs? Cities with the most Cmbs Trader job openings:
What are the most commonly searched types of Cmbs Trader jobs? The most popular types of Cmbs Trader jobs are:
What states have the most Cmbs Trader jobs? States with the most job openings for Cmbs Trader jobs include:
What job categories do people searching Cmbs Trader jobs look for? The top searched job categories for Cmbs Trader jobs are:
Cmbs Trader jobs near you
Infographic showing various Cmbs Trader job openings in the United States as of August 2026, with employment types broken down into 95% Full Time, 2% Part Time, and 3% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $96,774 per year, or $46.5 per hour.

CMBS Sector Head

The Hartford Financial Services Group, Inc.

Hartford, CT • On-site

Full-time

Posted 14 days ago

The Hartford rating

8.8

Company rating: 8.8 out of 10

Based on 121 frontline employees who took The Breakroom Quiz

57th of 304 rated insurance

Job description

MD, Sr Portfolio Mgr - VHMDPM
We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals - and to help others accomplish theirs, too. Join our team as we help shape the future.
HIMCO (The Hartford Investment Management Company) is seeking an experienced and highly motivated CMBS Sector Head (the Sector Head) to lead the Commercial Mortgage-Backed Securities (CMBS) investment activities of the firm. The Sector Head will be responsible for managing CMBS investments and portfolios across HIMCO clients, totaling approximately $5 billion in assets and spanning both Agency and Non-Agency CMBS strategies.
The Sector Head will develop and maintain investment strategies tailored to each client's investment guidelines, return objectives, and risk tolerance. The Sector Head will be responsible for security selection, deal underwriting, portfolio construction, risk management, surveillance, and performance of CMBS investments across multiple client mandates.
In addition to portfolio management responsibilities, the Sector Head will lead and develop a team of three investment professionals, fostering a collaborative, high-performing culture centered on rigorous credit research, proactive portfolio surveillance, and ongoing talent development.
The Sector Head will maintain deep expertise in commercial real estate markets, CMBS structures, and emerging investment opportunities across the commercial mortgage sector. The Sector Head will report to the Head of Securitized Products. This position is based in our Hartford, CT office on a full time, hybrid schedule (T, W, Th in the office, M, F remote).
Responsibilities:
  • Manage CMBS investments across the HIMCO platform, including both Agency and Non-Agency CMBS portfolios.
    • Develop portfolio strategies and model portfolios tailored to client objectives, investment guidelines, and risk appetites.
    • Identify and source relative value opportunities across CMBS sectors.
    • Monitor portfolio positioning, credit risk, spread exposure, duration, convexity, liquidity, and performance relative to benchmarks and investment targets.
    • Lead portfolio construction and rebalancing decisions to optimize risk-adjusted returns.
  • Conduct fundamental credit analysis of commercial real estate collateral, borrowers, sponsors, property cash flows, and transaction structures.
    • Analyze CMBS securitization structures, including waterfall mechanics, credit enhancement, prepayment provisions, extension risk, and loss allocation methodologies.
    • Maintain a robust surveillance framework for all CMBS holdings.
    • Review remittance reports, servicer commentary, and underlying collateral performance data to identify emerging risks and opportunities.
  • Develop and maintain strong relationships with broker-dealers, investment banks, research providers, and industry participants to source investment opportunities.
  • Monitor commercial real estate market fundamentals across major property sectors, including office, multifamily, industrial, retail, lodging, self-storage, and specialty property types.
  • Track economic, regulatory, and capital market developments that may impact commercial real estate values and CMBS performance.
  • Communicate market views, investment themes, and relative value opportunities to client portfolio managers and senior management.
  • Prepare and present portfolio positioning, individual investments, and market insights to senior management and client portfolio managers.
  • Help market HIMCO's investment activities. Support sales and marketing activities for clients and potential clients.

Team Leadership & Collaboration
  • Lead, mentor, and develop a team of three investment professionals.
  • Provide coaching, training, and oversight to ensure consistent application of investment processes and risk management standards.
  • Foster collaboration across the Securitized Products team and broader Fixed Income platform.
  • Share market insights and investment expertise to support the development of junior and mid-level investment professionals.
  • Collaborate with HIMCO's private commercial real estate team to inform both high level property-type views and asset-level underwriting assessments.
  • Partner closely with the CMBS trader to execute primary and secondary market transactions while gathering market color to support investment decisions.

Qualifications:
  • 10+ years of investment experience in CMBS portfolio management, trading, research, or structured credit investing.
  • Deep expertise across Agency CMBS, Conduit CMBS, SASB (Single-Asset Single-Borrower) CMBS and other commercial real estate credit markets.
  • Strong understanding of:
    • Commercial real estate fundamentals
    • Property valuation methodologies
    • CRE market cycles and trends
    • Commercial mortgage underwriting
    • CMBS structural features and cash flow mechanics
  • Extensive experience analyzing CMBS transaction structures, collateral performance, and credit risk.
  • Advanced quantitative and analytical skills with the ability to evaluate complex structured finance securities.
  • Strong proficiency in risk and data analysis systems such as Trepp, Bloomberg and Blackrock/Aladdin (preferred).
  • Strong understanding of portfolio risk management principles and relative value investing.
  • Proven leadership and team management experience, including mentoring and developing investment professionals.
  • Demonstrated ability to work effectively both independently and collaboratively within a team environment.
  • Sound investment judgment, strong decision-making capabilities, and excellent negotiation skills.
  • Outstanding written, verbal, and presentation communication skills.
  • Bachelor's degree required; MBA, CFA, or other advanced investment-related designation preferred.
  • Able and willing to travel as required.

About the Firm:
Hartford Investment Management Company (HIMCO) is the asset management arm of The Hartford Insurance Group, Inc. HIMCO is an insurance asset manager with approximately $120 billion in assets under management across the public fixed income, equity, and private markets (as of March 31, 2026). The firm manages assets on behalf of The Hartford, as well as insurance, sub-advisory and other institutional clients.
As a condition of your employment for HIMCO, you will be required to affirm to HIMCO's Code of Ethics and understand that you will be required to comply with the disclosure of accounts, holdings and pre-clearance of trades for the accounts of you and your household family members as more fully described in the Code of Ethics Key Points. If you will be deemed to be a "Covered Associate" under HIMCO's Pay to Play Policy, you will also need to disclose all political contributions that you have given within the past 2 calendar years.
Compensation
The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:
$189,600 - $284,400
Equal Opportunity Employer/Sex/Race/Color/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age
About Us | Our Culture | What It's Like to Work Here | Perks & Benefits

What The Hartford employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Hartford logo

About Hartford

Sourced by ZipRecruiter

Hartford Financial Services Group, widely recognized as The Hartford, is a renowned company based in Hartford, CT, US. Established in 1810, it has evolved into an industry leader in the insurance and financial services sector, proudly serving more than one million businesses in the US. The Hartford is committed to offering a gamut of insurance products that include homeowners, automobile, and business insurance as well as employee benefits and mutual funds. The company’s core values revolve around customer-focused innovations, diversity and inclusion, and ethical dealings that have earned them a customer-centric reputation. This shapes their mission which revolves around aiding their clients to overcome unforeseen obstacles and enhancing their wealth over time. Among the company's noted accomplishments is being consistently listed among the World's Most Ethical Companies, a testament to their unwavering commitment towards responsible business practices.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Hartford, CT, US

Year founded

1810

Social media

FacebookTwitter

View All Hartford Jobs

Apply