Securitized Products Group - MBS Trading - Analyst at Chase · New York

Summary: Chase is a leading financial institution that offers innovative financial solutions. The MBS TBA Trading Analyst supports the flow trading desk focusing on execution support, market awareness, and the development of analytics and tools to enhance trading efficiency. Responsibilities: - Assist in pricing, quoting, and executing TBA trades across FN30, FN15, and G230 - Maintain real-time awareness of positioning, risk, and P&L drivers; support balance sheet allocation processes across sectors - Build and refine analytics to track relative value in mortgage basis, coupon stack, and cross-sector relationships (e.g., G2/FN, 15/30) - Expand tools for dollar roll analysis (roll-cycle dynamics, specialness, float analytics) across all three sectors - Enhance internal dashboards/platforms to improve speed and accuracy of trade decisioning - Optimize auto-quoting capabilities and response logic; identify opportunities to automate repetitive trading and operational workflows - Develop deep understanding of TBA market structure and liquidity; progressively take on greater responsibility in risk-taking, position management, and independent execution Required Qualifications: - Knowledge of (or strong interest in) MBS/TBA products, market structure, and trading mechanics - Strong analytical skills with ability to build/refine tools for relative value, basis, coupon stack, and roll analysis - Ability to operate in a fast-paced environment with real-time risk/P&L awareness and attention to detail - Experience improving or building dashboards, workflows, or trading infrastructure to support decision-making - Aptitude for automation/systemization, including streamlining data aggregation and repetitive workflows - Strong communication and teamwork skills to support traders and collaborate across functions Preferred Qualifications: - Prior exposure to trading, sales & trading, or electronic market making environments - Experience with systematic quoting, execution logic, and performance metrics (e.g., hit ratio, distance-to-cover) - Strong technical skills for building scalable analytics and tooling (e.g., scripting, data pipelines, or dashboarding) - Demonstrated ability to take increasing ownership toward risk-taking and independent trade execution over time Required Skills: MBS/TBA products, Market structure, Trading mechanics, Dashboard development, Data aggregation, Trade execution, Risk management, P&L awareness Benefits: Commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions, Comprehensive health care coverage, On-site health and wellness centers, A retirement savings plan, Backup childcare, Tuition reimbursement, Mental health support, Financial coaching