Skip to main content

This site functions best with JavaScript enabled

Search Jobs

RMBS Trader - Structured Products

Apply Req ID: Req1083092 Date posted 04/15/2023
RMBS Trader - Structured Products

New York, United States of America


USA Job Function Description:

The firm is seeking a full-time trader to join an established team. Interested candidates must have product knowledge and trading experience in the U.S. residential mortgage market.  The position is high-touch, and the candidate will be expected to work effectively in a fast-paced and high-pressure environment.

This position provides a unique opportunity to gain exposure across the entire range of the U.S. residential mortgage market, and involves collaborating closely with mortgage traders, institutional sales teams, strategists, and quant teams.   In this role, the candidate will be expected to be a key contributor to generating trading revenues and managing risk.  The candidate will also gain invaluable experience in trading, structuring, and operating a successful trading business. 

Essential Functions/Responsibility:

  • Perform price discovery of RMBS and related asset classes and identify relative value opportunities in the market

  • Based on market conditions, customer demand, relative value, and other market factors, effectively identify and position risk across the capital stack

  • Trade bonds from inventory but also facilitate riskless transactions and work on customer inquiry and situations

  • Work closely with strategy and data analytics team to market opportunities both internally and externally to institutional clients

  • Collaborate closely with sales to develop and maintain relationships and transact with a variety of institutional accounts

  • Manage and actively hedge trading book with TBAs, Treasuries, Futures, and Options

  • Gather, store and share market updates, color, and insights


  • Knowledge of trading protocols, markets levels and risk management of RMBS

  • Strong understanding of U.S. residential mortgage market and RMBS fundamentals as well as macro-economic factors affecting the value and trading flow

  • Great communicator and marketer both in voice and written forms

  • Strong interpersonal skills with ability to engage and develop deep relationships with customers

  • Willingness to work long hours in a demanding, highly focused, collaborative, and team environment

  • Ability to multi-task and prioritize in a high-pressure environment

  • Results driven, with a strong sense of accountability and moral compass

  • Detailed-oriented with strong analytical / problem solving skills

  • Relevant experience, 5-9+ years

  • Ideally, 3+ years of trading experience in RMBS


  • Bachelor's Degree or equivalent work experience in Business or equivalent field (Req)

  • FINRA series 7 and 63 licenses

Diversity & EEO Statements: At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.

Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights:

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employee.

For NYC Job Applicants: The base annual salary range for this position is $161,000-$201,250. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Primary Location: New York, NY, Madison Ave Corp

Other Locations: New York-New York

Organization: Santander US Capital Markets LLC


Featured Jobs

View All of Our Available Opportunities

Your Jobs

You currently have no jobs saved.

Work in New York

Check out where you could be working if you apply.

About this location

Get the Scoop

Keep your finger firmly on the pulse. Sign up, and you'll receive news, updates and alerts for the newest Santander roles as they become available.

already signed up? click here