Job Overview:
The Agency Mortgage Trading business is part of the Spread Products Sales & Trading Division. The successful candidate will support the day-to-day activities of the trading desk, including market making, risk management, relative value analysis, client engagement, and collaboration with Sales, Research, Quantitative Analytics, Technology, and Risk & Control partners. The role requires strong market judgment, analytical capabilities, and leadership skills, with a focus on driving performance, enhancing risk management, and improving trading processes
This position is based in New York and requires occasional travel.
Responsibilities:
- Manage Agency MBS risk positions and execute trading strategies.
- Generate trade ideas through analysis of mortgage markets and prepayment dynamics.
- Partner with Sales to provide market liquidity, market insights, and client solutions.
- Collaborate with Research, Quantitative Analytics, and Technology teams to enhance trading and risk management capabilities.
- Drive process improvements and automation initiatives to improve desk efficiency.
- Ensure compliance with internal risk limits, controls, and regulatory requirements.
Qualifications:
- 4+ years of experience in Agency MBS trading, strategy, or portfolio management.
- Extensive experience trading or analyzing TBAs, Specified Pool, CMO, and/or mortgage derivatives.
- Strong understanding of Agency MBS, fixed income markets, interest rates, and options.
- Demonstrated ability to generate actionable trade ideas and manage risk effectively.
- Strong analytical and quantitative skills; proficiency in Python, SQL, or similar tools preferred.
- Excellent communication, collaboration, and decision-making skills.
- Bachelor's degree required.
Education:
Bachelor's degree/University degree or equivalent experience
Job Family Group:
Institutional Trading
Job Family:
Trading
Time Type:
Full time
Primary Location:
New York New York United States
Primary Location Full Time Salary Range:
$200 000,00 - $300 000,00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Most Relevant Skills
Please see the requirements listed above.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date:
jul 15, 2026
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi's EEO Policy Statement and the Know Your Rights poster.