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Cmbs Trader Jobs (NOW HIRING)

Page Group USA

Senior Legal Counsel

Manhattan, NY · On-site

$153K - $208K/yr

... CMBS). Client Details Financial services institution. Description Role will report directly to the ... to loan trading business, specifically the negotiation of referral agreements and future ...

StructureIT

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.

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How much do cmbs trader jobs pay per year?

As of Jul 15, 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 job?

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.

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:
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Cmbs Trader jobs near you
Infographic showing various Cmbs Trader job openings in the United States as of July 2026, with employment types broken down into 1% Internship, 93% Full Time, 2% Part Time, 1% Temporary, and 3% Contract. Highlights an 85% Physical, 14% Hybrid, and 1% Remote job distribution, with an average salary of $96,774 per year, or $46.5 per hour.
SPG, Non-Agency Desk Strategist - Fixed Income - Vice President

SPG, Non-Agency Desk Strategist - Fixed Income - Vice President

Morgan Stanley

New York, NY • On-site

$225K - $250K/yr

Full-time

Posted 12 days ago

Morgan Stanley rating

8.3

Company rating: 8.3 out of 10

Based on 154 frontline employees who took The Breakroom Quiz

40th of 148 rated financial services

Job description

Role Overview

The Securitized Products Group (SPG) is seeking a highly talented and motivated CMBS-focused trading desk strategist / analyst. The successful candidate will work closely with traders in a fast-paced, real-time trading environment, developing analytics, valuation frameworks, and investment insights to support secondary market trading and relative value analysis.

They will be expected to demonstrate a thorough, detail-oriented approach to commercial real estate and CMBS fundamentals, with the ability to proactively identify actionable trading and investment opportunities. A strong track record of partnering with traders and other desk stakeholders to deliver practical, business-driven solutions is essential.

The role is focused on CMBS, and candidates should have meaningful hands-on experience analyzing commercial real estate collateral and CMBS structures. Previous exposure to other products is acceptable, provided CMBS is the primary focus of their current or recent role.

Skills Required

  • Bachelor's degree in economics, finance, real estate, statistics, or a related discipline

  • 3-5+ years of experience dedicated to CMBS, ideally as the primary focus of the role

  • Strong foundation in commercial real estate fundamentals, including:

    • Property-level cash flow analysis (NOI, NCF)

    • Cap rates, yield metrics, leverage and debt service ratios

    • Rent rolls, vacancy analysis, tenant quality

    • Comparables and market-level analysis across major CRE sectors (office, retail, industrial, hotel, etc.)

  • Familiarity with CMBS products and indices, including CMBX

  • Exposure to CMBS data and analytics platforms, ideally Intex and at least one of Trepp or CoStar

  • Ability to generate and articulate investment ideas and relative value views, both internally and externally

  • Strong verbal and written communication skills, with the ability to translate complex analysis into clear, actionable insights

  • High degree of self-motivation and ownership mindset

Skills Desired

  • Advanced degree (e.g., MS, MFE, MBA) in a related discipline

  • Working knowledge of Python, or alternatively strong proficiency in Excel/VBA, for data analysis and automation

  • Experience working with large datasets and performing ad-hoc analytical work

  • Familiarity with SQL or other database tools

  • Experience contributing to valuation models, scenario analysis, or stress testing frameworks

Nice to Have

  • Experience reviewing or analyzing CMBS deal documentation

  • Understanding of regulatory or stress-testing frameworks relevant to structured products

  • Working knowledge of Q/KDB

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Expected base pay rates for the role will be between $225,000 - $250,000 per year for Vice President, at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

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