Utilize expertise in Agency CMBS trading, securitization, and mortgage markets to improve execution outcomes * Support MBS settlement processes and resolution of trade-related operational issues
Utilize expertise in Agency CMBS trading, securitization, and mortgage markets to improve execution outcomes * Support MBS settlement processes and resolution of trade-related operational issues
Junior Trader
New York, NY · On-site
Be involved in day-today management of risks on a secured financing trading book on credit fixed ... securities (CMBS), collateralized loan obligations (CLO), Fannie and Freddie risk transfer ...
Junior Trader
New York, NY · On-site
Be involved in day-today management of risks on a secured financing trading book on credit fixed ... securities (CMBS), collateralized loan obligations (CLO), Fannie and Freddie risk transfer ...
Utilize expertise in Agency CMBS trading, securitization, and mortgage markets to improve execution outcomes * Support MBS settlement processes and resolution of trade-related operational issues
Utilize expertise in Agency CMBS trading, securitization, and mortgage markets to improve execution outcomes * Support MBS settlement processes and resolution of trade-related operational issues
Utilize expertise in Agency CMBS trading, securitization, and mortgage markets to improve execution outcomes * Support MBS settlement processes and resolution of trade-related operational issues
Utilize expertise in Agency CMBS trading, securitization, and mortgage markets to improve execution outcomes * Support MBS settlement processes and resolution of trade-related operational issues
Senior Trader, Public Credit
Stamford, CT · On-site
$122K - $189K/yr
... ABS, CMBS, RMBS, and CLOs. Responsibilities may also expand to support private Corporate and ... The Trading function is central to converting portfolio strategy into executable investment ...
Senior Trader, Public Credit
Stamford, CT · On-site
$122K - $189K/yr
... ABS, CMBS, RMBS, and CLOs. Responsibilities may also expand to support private Corporate and ... The Trading function is central to converting portfolio strategy into executable investment ...
Senior Trader, Public Credit
Stamford, CT · On-site
... ABS, CMBS, RMBS, and CLOs. Responsibilities may also expand to support private Corporate and ... The Trading function is central to converting portfolio strategy into executable investment ...
Senior Trader, Public Credit
Stamford, CT · On-site
... ABS, CMBS, RMBS, and CLOs. Responsibilities may also expand to support private Corporate and ... The Trading function is central to converting portfolio strategy into executable investment ...
... ABS, CMBS, RMBS, and CLOs. Responsibilities may also expand to support private Corporate and ... The Trading function is central to converting portfolio strategy into executable investment ...
... ABS, CMBS, RMBS, and CLOs. Responsibilities may also expand to support private Corporate and ... The Trading function is central to converting portfolio strategy into executable investment ...
Manager - Credit Operations
Manhattan, NY · On-site
Our team manages the full lifecycle of credit trades including affirmation, matching, settlement, exercise / expiry. Products include but are not limited to structured credit, CDX/CDS, CLO, CMBS ...
Manager - Credit Operations
Manhattan, NY · On-site
Our team manages the full lifecycle of credit trades including affirmation, matching, settlement, exercise / expiry. Products include but are not limited to structured credit, CDX/CDS, CLO, CMBS ...
The role requires strong product expertise across ABS, CLOs, RMBS, and CMBS, close coordination with trading and syndicate, and the ability to drive client engagement through market insight ...
The role requires strong product expertise across ABS, CLOs, RMBS, and CMBS, close coordination with trading and syndicate, and the ability to drive client engagement through market insight ...
The role requires strong product expertise across ABS, CLOs, RMBS, and CMBS, close coordination with trading and syndicate, and the ability to drive client engagement through market insight ...
The role requires strong product expertise across ABS, CLOs, RMBS, and CMBS, close coordination with trading and syndicate, and the ability to drive client engagement through market insight ...
... trading platform. SMC - is one of the nation's leading commercial real estate lenders, specializing in originating commercial real estate-backed loans ranging from $5MM to $100MM for CMBS ...
Quick apply
... trading platform. SMC - is one of the nation's leading commercial real estate lenders, specializing in originating commercial real estate-backed loans ranging from $5MM to $100MM for CMBS ...
... trade and investment flows across the Americas and the world. Global Banking & Markets provides a ... and CMBS lending platforms. The position will work closely with Originations, Capital Markets ...
... trade and investment flows across the Americas and the world. Global Banking & Markets provides a ... and CMBS lending platforms. The position will work closely with Originations, Capital Markets ...
... trade and investment flows across the Americas and the world. Global Banking & Markets provides a ... and CMBS lending platforms. The position will work closely with Originations, Capital Markets ...
... trade and investment flows across the Americas and the world. Global Banking & Markets provides a ... and CMBS lending platforms. The position will work closely with Originations, Capital Markets ...
... trading platform. SMC - is one of the nation's leading commercial real estate lenders, specializing in originating commercial real estate-backed loans ranging from $5MM to $100MM for CMBS ...
... trading platform. SMC - is one of the nation's leading commercial real estate lenders, specializing in originating commercial real estate-backed loans ranging from $5MM to $100MM for CMBS ...
Rotational Analyst (2027)
Miami Beach, FL · On-site
... trading platform. SMC - is one of the nation's leading commercial real estate lenders, specializing in originating commercial real estate-backed loans ranging from $5MM to $100MM for CMBS ...
Rotational Analyst (2027)
Miami Beach, FL · On-site
... trading platform. SMC - is one of the nation's leading commercial real estate lenders, specializing in originating commercial real estate-backed loans ranging from $5MM to $100MM for CMBS ...
Junior Data Analyst - CMBS
Anton, CO · Hybrid
... to CMBS & CRE CLO's. * Analysing complex product data. * Mapping of monthly updates to system ... Flexibility in terms of working hours - Work according to US trading hours during peak days.
Junior Data Analyst - CMBS
Anton, CO · Hybrid
... to CMBS & CRE CLO's. * Analysing complex product data. * Mapping of monthly updates to system ... Flexibility in terms of working hours - Work according to US trading hours during peak days.
Corporate Treasury, Mortgages Trader/Portfolio Manager, Vice President, New York
New York, NY · On-site
Identify opportunities in Ginnie Mae and conventional passthroughs, Agency CMBS, Agency CMOs, and other products * Contribution to macro trade ideas in interest rate markets * Risk management of the ...
Corporate Treasury, Mortgages Trader/Portfolio Manager, Vice President, New York
New York, NY · On-site
Identify opportunities in Ginnie Mae and conventional passthroughs, Agency CMBS, Agency CMOs, and other products * Contribution to macro trade ideas in interest rate markets * Risk management of the ...
Corporate Treasury, Mortgages Trader/Portfolio Manager, Vice President, New York
New York, NY · On-site
Identify opportunities in Ginnie Mae and conventional passthroughs, Agency CMBS, Agency CMOs, and other products * Contribution to macro trade ideas in interest rate markets * Risk management of the ...
Corporate Treasury, Mortgages Trader/Portfolio Manager, Vice President, New York
New York, NY · On-site
Identify opportunities in Ginnie Mae and conventional passthroughs, Agency CMBS, Agency CMOs, and other products * Contribution to macro trade ideas in interest rate markets * Risk management of the ...
Identify opportunities in Ginnie Mae and conventional passthroughs, Agency CMBS, Agency CMOs, and other products * Contribution to macro trade ideas in interest rate markets * Risk management of the ...
Identify opportunities in Ginnie Mae and conventional passthroughs, Agency CMBS, Agency CMOs, and other products * Contribution to macro trade ideas in interest rate markets * Risk management of the ...
CMBS, ABS, or Student Loans The Sales Professional will represent our inventory items and market to clients. This requires working closely with our trading desk to identify trade opportunities and ...
CMBS, ABS, or Student Loans The Sales Professional will represent our inventory items and market to clients. This requires working closely with our trading desk to identify trade opportunities and ...
Cmbs Trader information
See salary details
$55.2K is the 25th percentile. Wages below this are outliers.
$39.5K - $60.4K
33% of jobs
The median wage is $76.3K / yr.
$60.4K - $81.3K
22% of jobs
$100.2K is the 75th percentile. Wages above this are outliers.
$81.3K - $102.2K
22% of jobs
$102.2K - $123.1K
15% of jobs
$123.1K - $144K
2% of jobs
$144K - $165K
0% of jobs
$165K - $185.9K
2% of jobs
$185.9K - $206.8K
3% of jobs
$206.8K - $227.7K
0% of jobs
$227.7K - $248.6K
0% of jobs
$248.6K - $269.5K
1% of jobs
$39.5K
$96.8K
$269.5K
How much do cmbs trader jobs pay per year?
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?
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.

Job description
Are you looking for the opportunity to make an impact?
Berkadia's mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD's top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career. Be Backed by the Best. Be Berkadia.
The Managing Director - Securities Trading is responsible for leading Berkadia's securities trading and Agency capital markets activities, including loan pricing, securities trading, market analytics, counterparty management, and execution support. The role partners closely with senior leadership to optimize profitability, execution quality, and production flow across Berkadia's Agency lending platforms.
The Managing Director serves as a senior resource to mortgage banking, underwriting, and capital markets teams by providing market expertise, execution guidance, and analytical support while helping manage key investor, dealer, and Agency relationships.
We Innovate to shape the future of CRE, so in this role you will:
Trading & Capital Markets Execution
- Lead the day-to-day operations of the trading desk, including supervision of trading personnel, prioritization of workflow, and oversight of pricing, execution, reporting, and profitability management activities
- Lead day-to-day trading desk activities supporting Berkadia's Agency lending platforms
- Assist with management of pricing strategy, profitability monitoring, and execution performance across Fannie Mae, Freddie Mac, and Ginnie Mae transactions
- Monitor market conditions, MBS spreads, and investor pricing to identify execution opportunities and risks
- Manage relationships with broker-dealers, investors, and trading counterparties
- Seek out and arrange for the onboarding of new counterparties and capital sources
- Assist in managing counterparty exposure and concentration limits
- Resolve investor, dealer, and trade-related inquiries in a timely manner
- Utilize expertise in Agency CMBS trading, securitization, and mortgage markets to improve execution outcomes
- Support MBS settlement processes and resolution of trade-related operational issues
- Directly manage and develop vice presidents, assistant vice presidents, analysts, and other trading desk personnel
GSE Execution Support
- Partner with Capital Markets and GSE leadership to support execution strategies across Agency platforms.
- Assist in coordinating production flow, pricing requests, and execution priorities.
- Monitor pricing performance and profitability trends across Agency executions.
- Support management of pricing guardrails and execution standards.
- Provide market insight and recommendations regarding product selection, execution alternatives, and competitive positioning.
- Maintain strong working relationships with trading, capital markets, and production personnel at Fannie Mae, Freddie Mac, and Ginnie Mae.
Market Intelligence & Business Support
- Produce market commentary regarding interest rates, Agency spreads, and broader capital markets developments.
- Oversee creation and distribution of Agency Multifamily Rate Sheets.
- Present market updates and economic commentary to mortgage banking and underwriting teams.
- Assist in development and maintenance of reporting, business intelligence, and Power BI dashboards.
- Identify and implement process improvements that enhance efficiency and reduce risk.
- Assist in development and maintenance of Capital Markets policies and procedures.
- Mentor analysts and junior team members while supporting a collaborative team environment.
- Other duties as assigned.
We Stand for Excellence, so to achieve success in this role you should have:
- 7+ years of experience in a similar role
- Strong understanding of Agency lending programs, mortgage-backed securities, and commercial real estate finance.
- Experience managing dealer, investor, and GSE relationships.
- Advanced Excel, Power BI, and Bloomberg proficiency preferred.
- Strong communication and presentation skills.
- Demonstrated analytical and problem-solving abilities.
We believe People Matter, so we offer benefits that go beyond:
- Monthly paid volunteer hours and donation matching to benefit our communities
- Employee Resource Groups that help you grow with us
- Fertility and family planning services
- Up to 12-weeks of fully paid parental leave
- Mental health care, including free counseling sessions:
- We'll help you fund your learning journey with generous tuition reimbursement
- Pet insurance discounts
- And more!
Be the Next Big Thing. Be Berkadia.
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