ZipRecruiter

Log In

1

Mbs Trading Jobs in California (NOW HIRING)

Guild Mortgage

Mortgage Trader

San Diego, CA · On-site

$99K - $150K/yr

Diligently observe market conditions including Intraday price changes of MBS, Treasury bonds, cash ... Work directly with trading team on building and enhancing relationships with Wall Street broker ...

Guild

Mortgage Trader

San Diego, CA · On-site

$99K - $150K/yr

Diligently observe market conditions including Intraday price changes of MBS, Treasury bonds, cash ... Work directly with trading team on building and enhancing relationships with Wall Street broker ...

Pennymac

FVP, Whole Loan Trading

Westlake Village, CA · On-site

$110K - $170K/yr

Develop an efficient and accurate mechanism to a) identify and divert loans from Agency MBS ... loan trading and non-agency products * Delivery of key corporate initiatives and demonstrate the ...

All JobsMbs Trading JobsMbs Trading Jobs in California

Mbs Trading information

See California salary details

$14

$36

$49

How much do mbs trading jobs pay per hour?

As of Sep 3, 2026, the average hourly pay for mbs trading in California is $36.06, according to ZipRecruiter salary data. Most workers in this role earn between $22.07 and $45.53 per hour, depending on experience, location, and employer.

What is an MBS Trading?

An MBS Trading job involves buying and selling mortgage-backed securities (MBS) in financial markets. Traders analyze market conditions, interest rates, and prepayment risks to make informed investment decisions. They work for banks, hedge funds, or investment firms, managing portfolios and executing trades to maximize returns. Strong quantitative skills, financial modeling, and knowledge of fixed income markets are essential for success in this role.

What are the key skills and qualifications needed to thrive in MBS Trading?

To thrive in MBS Trading, you need strong analytical skills, a solid understanding of fixed income markets (especially mortgage-backed securities), and a relevant degree such as finance, economics, or mathematics. Mastery of trading platforms like Bloomberg, proficiency in Excel or Python, and FINRA Series 7 or 63 licenses are often required. Excellent communication, decision-making, and stress management skills set top performers apart. These skills are crucial for effectively analyzing market trends, executing trades, and managing risk in a fast-paced, high-stakes environment.

What are some typical challenges faced by professionals working in MBS Trading?

MBS Traders often face the challenge of navigating complex market dynamics influenced by interest rate movements, prepayment risks, and macroeconomic factors. Staying current with rapidly changing regulations and technological advancements is also crucial in this field. Additionally, the role requires making quick, high-stakes decisions under pressure, often in coordination with sales teams, researchers, and risk managers. Adaptability and continuous learning can help traders succeed and advance in this demanding but rewarding environment.

What are popular job titles related to Mbs Trading jobs in California?

For Mbs Trading jobs in California, the most frequently searched job titles are:

What job categories do people searching Mbs Trading jobs in California look for?

The top searched job categories for Mbs Trading jobs in California are:

What cities in California are hiring for Mbs Trading jobs?

Cities in California with the most Mbs Trading job openings:

Mbs Trading jobs near you
Infographic showing various Mbs Trading job openings in California as of August 2026, with employment types broken down into 100% Full Time. Highlights an 75% In-person, and 25% Remote job distribution, with an average salary of $75,009 per year, or $36.1 per hour.

Agency MBS Senior Analyst/Trader

The TCW Group

Los Angeles, CA • On-site

$250K - $275K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 17 days ago

Job description

Position Summary
This position is based in TCW's Los Angeles office and reports to the Co-Heads of Global Securitized Products within TCW's Fixed Income team. The role requires working onsite five days per week. The Senior Analyst/Trader will join the Agency MBS team (and the broader Global Securitized team) to provide market surveillance, investment analysis, best execution, and portfolio optimization across TCW's managed portfolios. These portfolios span a range of investment styles, including Agency MBS benchmarked, Core Plus, Unconstrained, and a suite of dedicated securitized strategies targeting returns from cash +150 bps to +500 bps.
Essential Duties
Agency MBS Market Coverage & Investment Activity
  • Trading & Execution: Execute Agency MBS trades across specified pools, TBAs, and CMO structures with precision and efficiency
  • Portfolio Management: Collaborate with portfolio managers to optimize allocations, and help manage duration, convexity, and prepayment risk.
  • Market Analysis: Monitor market trends, rate movements, and liquidity conditions to identify opportunities and mitigate risk.
  • Client Interaction: Support client inquiries, provide market color, and assist in structuring solutions tailored to client objectives.
  • Risk Oversight: Ensure compliance with internal risk limits and regulatory requirements.
  • Collaboration: Work closely with Rates, Risk and Operations teams in day-to-day trading and execution; work closely with proprietary analytics developers to enhance workflow and trading efficiency
  • Training and mentoring: A Team player who can effectively work with and provide leadership to others.

Required Qualifications
  • Bachelor's degree; minimum 10 years of buy-side or sell-side experience trading Agency MBS.
  • Proficiency in Yield Book, TradeWeb, Bloomberg, advanced MS Excel, and Intex.
  • Experience with Python, SQL, and/or VBA.

Professional Skills Qualifications
  • Excellent verbal and written communication skills.
  • Highly motivated and resourceful with strong work ethic and entrepreneurial mindset.

Desired Qualifications
  • Graduate degree and/or CFA designation preferred; or, equivalent work experience

This role requires candidates to work from a TCW office five days a week.
Estimated Compensation:
Base Salary: For CA based position, the base salary range is $250k-$275k. This represents base salary range only.
Other Compensation and Benefits: In addition to base salary, employees are eligible for a discretionary bonus and a comprehensive benefits package designed to support you and your family, invest in your health and wellbeing, and help build long-term financial security. Benefits include medical, dental, and vision coverage, retirement benefits, and paid time off. These benefits reflect our commitment to supporting the health, wellbeing, and long-term financial security of our employees and their families.
#LI-SW1 #LI-Hybrid

Apply