WHAT YOU WILL BE DOING

The firm is seeking a full-time junior trader to join an established team. Interested candidates must have an interest in fixed income and must possess excellent quantitative, analytical, multi-tasking, and computer skills. 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 also gain essential knowledge of residential mortgage backed securities (RMBS) and invaluable experience in trading, structuring, and operating a successful trading business.

Essential Functions/Responsibility Statements:

• Research and analyze securities, market levels, trading activity, and customer objectives

• Perform price discovery of mortgage backed securities and identify relative value opportunities in the market

• Support daily operations of the trading desk:

  • booking trades

  • post-trade analysis

  • calculating P&L and reconciliation

  • managing trader’s positions including marking bonds, reconciling trade breaks, and liaising with brokers’ middle and back offices

  • generating risk reports

  • ad hoc analysis on securities

• Other projects will involve more programming-oriented tasks aimed at streamlining processes on the desk and developing analytics to assist the traders.

Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

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

Skills and Abilities:

• Related experience, 3-5+ years

• Highly motivated to learn about markets/trading

• 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

• Excellent interpersonal and communication skills

• Ability to work independently

• Proficiency in Microsoft office products - Word, Excel and Outlook

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 $85,500-$149,500. 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