VP, ABS Trader

Conning is a leading global investment management firm with a long history of serving the insurance industry.

We develop customized investment strategies that address our clients' unique objectives, requirements and tolerance for risk. We develop solutions by leveraging Conning's risk management tools and utilizing a highly disciplined investment process that relies on fundamental analysis.

The Mortgage-Backed Securities (MBS) Trader will be an integral part of the investment team and will be responsible for generating, executing, and communicating investment ideas. This individual will track MBS markets to help form views on relative value and investment themes. The individual will execute MBS trades while monitoring primary and secondary market flows. This individual will also discuss MBS markets, macroeconomics, and US rates with portfolio managers, analysts, clients and prospects.

Responsibilities

• Evaluate, develop and present ideas / execute MBS trades. Maintain up to date knowledge of market conditions, flows, dealer axes, secondary BWICs across MBS. Develop and maintain relationships sell side traders and sales to ensure access to issuance, ideas and market information flow. (40%)
• Provide market commentary for internal and external uses. Provide market information, trends, and recommendations to trading and portfolio management groups on the MBS market. (25%)
• Provide sector expertise and knowledge base required to service existing clients as well as prospective clients via conference calls, meeting presentations, and other documentation. (15%)
• Represent Conning in client and prospective client meetings. (10%)
• Serve as a backup to the non-agency RMBS trading function. (10%)
• Initial coverage includes TBA, specified pools, CMOs, derivatives.

Requirements

• MBA and/or CFA designation preferred.
• Team oriented individual with ability to work well with diverse groups of traders, credit analysts and portfolio managers.
• Existing relationships with sell side traders and/or salespeople with the ability to effectively communicate with the broker/dealer community preferred.
• Experience with investment systems, including Bloomberg and YieldBook.
• Excellent communication and analytic skills.
• Ability to work under pressure and time constraints.
• Strong aptitude for handling multiple tasks simultaneously.
• Experience with analysis, structure and/or trading MBS.
• 0-3 years of trading experience.

Decision Making Level/Position Latitude

• Significant autonomy under the SP team

Position Scope Data

• No direct reports.
• Significantly contributes to the success of the SP team and the team's overall performance.

Conning is an equal opportunity employer. Our company embraces the principles of inclusion; our employees can bring the best version of themselves to work every day. We thrive in an environment where everyone's voice is heard, every idea counts, and the differences of our employees are valued. We provide reasonable accommodations to those who need them.

If you are unable to complete this application due to a disability, contact us to ask for an accommodation or an alternative application process.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

Applicants must exhibit a strong commitment to meet compliance obligations reflecting Conning's core values of honesty and integrity; must accept responsibility for compliance in each role and comply with all applicable rules, regulations, and legal requirements.