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Mbs Trading Jobs (NOW HIRING)

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 ...

Huntington

Trade Settlements Specialist

Columbus, OH · On-site +1

MBS/ABS settlements knowledge to include, Reg S to 144A conversions and factor changes * Provide ... Resolve operational or trading issues by coordinating with other departments and external parties

Prophecy Technologies

Data Analyst

San Antonio, TX · On-site

Support analysis across derivatives trading operations, products, and markets. * Conduct portfolio ... Analyze data related to mortgage loan servicing, MBS, equities, fixed income, and asset management.

Huntington

Trade Settlements Specialist

Chicago, IL · On-site +1

MBS/ABS settlements knowledge to include, Reg S to 144A conversions and factor changes * Provide ... Resolve operational or trading issues by coordinating with other departments and external parties

Huntington

Trade Settlements Specialist

Chicago, IL · On-site +1

MBS/ABS settlements knowledge to include, Reg S to 144A conversions and factor changes * Provide ... Resolve operational or trading issues by coordinating with other departments and external parties

Huntington

Trade Settlements Specialist

Columbus, OH · On-site +1

MBS/ABS settlements knowledge to include, Reg S to 144A conversions and factor changes * Provide ... Resolve operational or trading issues by coordinating with other departments and external parties

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Mbs Trading information

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How much do mbs trading jobs pay per hour?

As of Jun 22, 2026, the average hourly pay for mbs trading in the United States is $36.54, according to ZipRecruiter salary data. Most workers in this role earn between $22.36 and $46.15 per hour, depending on experience, location, and employer.

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

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 is an MBS Trading job?

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.

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Mbs Trading jobs near you
Infographic showing various Mbs Trading job openings in the United States as of June 2026, with employment types broken down into 98% Full Time, and 2% Contract. Highlights an 90% Physical, 6% Hybrid, and 4% Remote job distribution, with an average salary of $76,005 per year, or $36.5 per hour.
FVP, Whole Loan Trading

FVP, Whole Loan Trading

Pennymac

Westlake Village, CA • On-site

$110K - $170K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 26 days ago

Job description

PENNYMAC
Pennymac is (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.
Job Overview
The FVP, Pricing Strategies role supports Agency and Non-Agency whole loan trading activities. The Assistant Trader is responsible for the design, development and validation of best execution models of Non-Agency products including Jumbo, Agency eligible investment and second homes, closed end second liens and Non-QM mortgages; identification of whole loan trading arbitrage opportunities; assistance in the development and roll-out of non-agency products; data management & analytics and the development of management reporting. Responsibilities also include assisting in the creation, distribution and analysis of trade offerings; reconciliation and settlement of whole loan pools; developing, maintaining and monitoring daily pricing of non-agency products; coordination of analysis with multiple departments (e.g. Technology, Sales, Capital Markets); cross-channel non-agency product development and documentation; competitor product and pricing analysis and key corporate initiatives.
A Typical Day
  • The ideal candidate will possess deep expertise in residential secondary markets, hedging, analytics and whole loan trading
  • Lead the design and enhancement of best execution models within Pennymac proprietary pricing engines, as well as desktop-based solutions, to optimize the execution of Agency and Non-Agency products through whole loan sales and securitization
  • Develop an efficient and accurate mechanism to a) identify and divert loans from Agency MBS execution into Non-Agency Whole loans, and b) optimize distribution of Non-Agency products across multiple investors in a way that seamlessly integrates into Capital Markets MTM databases and Pennymac data warehouses to facilitate management, reporting and creation of whole loan offerings
  • Manage the creation, distribution and execution of whole loan offerings to include loan selection, setting collateral and transaction stipulations, receiving and analyzing investor bids and making best execution recommendations
  • Lead the design, development and deployment of new mortgage products, including comprehension and documentation of guideline and pricing requirements, as well as testing and building tools to validate the accuracy of all calculations and configurations
  • Participate and/or lead requirement gathering sessions with stakeholders, walk-throughs with cross-functional teams, and assist in drafting and producing related documentation to successfully deploy new products timely, accurately and efficiently
  • Design data models to extract data from operational databases and transform the data to easily understood business views
  • Develop, maintain, and manage advanced reporting, analytics, dashboards and other BI solutions to support whole loan trading and non-agency products
  • Delivery of key corporate initiatives and demonstrate the ability to collaborate effectively with management and key stakeholders
  • Demonstrate behaviors which are aligned with the organization's desired culture and values

What You'll Bring
  • Bachelor's degree with a major in Finance, Actuarial Science, Statistics, Decision Science, Mathematics or Quantitative Analysis
  • 5+ years of experience in residential mortgage finance, preferably with experience in Secondary Marketing or Capital Markets and exposure to Non-Agency/Non-QM mortgage products
  • Strong quantitative analysis skills and proficiency in statistical analysis, quantitative methods, computational math, and probability distributions. Direct experience designing and running agency and non-agency whole loan cash flow pricing models, MSR pricing models and structured private label securitization models a plus
  • Exposure to and working knowledge of mortgage prepayment and credit concepts and conventions
  • Must be highly proficient in MS Suite, with experience in SQL, data modeling and advanced Excel skills
  • Bloomberg, Intex, Snowflake and Rating Agency model experience preferred

Why You Should Join
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:
  • Comprehensive Medical, Dental, and Vision
  • Paid Time Off Programs including vacation, holidays, illness, and parental leave
  • Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
  • Retirement benefits, life insurance, 401k match, and tuition reimbursement
  • Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

To learn more about our benefits visit: https://pennymacnews.page.link/benefits
For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information
Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
  • Lower in range - Building skills and experience in the role
  • Mid-range - Experience and skills align with proficiency in the role
  • Higher in range - Experience and skills add value above typical requirements of the role

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary
$110,000 - $170,000
Work Model
OFFICE

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