Agency MBS Trader

JOB DESCRIPTION

Business Overview:

Citi’s Spread Products (SP) Business is part of the greater Markets Group. The Spread Products business is a global business with a presence in eleven countries across North and Latin America, Europe, and Asia primarily focusing on corporate, municipal, and mortgage backed bonds, loans and credit default swaps as well as structured products and financings. The Spread Products Team’s primary function is to facilitate market liquidity for its institutional investor client base across both developed and emerging markets.

Key Responsibilities:

The Agency Mortgage Trading business sits within the Spread Products Sales and Trading Division. The role supports the trading of Agency-issued mortgage-backed securities. The role will be expected to be facilitating in the day-to-day operations of the trading desk, which include responding to client inquiries, managing risk exposure of the trading book, monitoring and analyzing market trends for profit optimization, and working with partners of the firm, both in sales/trading and in risk/control functions.

The ideal candidate should have a well-diversified background with a successful track record of leadership, experience, and performance. The candidate should also have both strong technical skills and will be expected to utilize them to in day-to-day risk management. Strong interpersonal and leadership skills to build consensus on strategy and execution are a key component of the role.

This role may require travel and will be based in New York.

Key Responsibilities Include:

The successful execution of this role requires the incumbent to develop a wide range of financial, business, and inter-personal skills, the ability to multi-task, and to function comfortably amidst conflicting objectives in a high pressure environment.

• Day-to-day business management and administrative duties for the Agency MBS trading desk
• Initiate and execute short, medium and long term projects to achieve the business objectives of the group. Projects may be related to process enhancement with the Agencies and internal stakeholders, as well as technology or risk enhancement initiatives
• Ensure a robust governance, oversight, and control framework exists and is in line with corporate policies & regulation.
• Maintain detailed control documentation, procedures, key metrics and audit evidence.
• Working with the business and support areas (including Middle Office, Operations, Audit, Compliance, Finance, Technology and Legal) to ensure a robust control infrastructure is in place and to act as a key point of contact between business and stakeholders.
• Assist in establishment of new business lines or enhanced product offerings including processes, booking models, and systems/infrastructure.
• Build an understanding of the cost base of the Business & pursue opportunities for savings and efficiency, maximizing returns.

Knowledge/Experience:

• Interest in and prior exposure to capital markets, and familiarity with financial institution regulation and policies.
• Pre-existing fixed income products knowledge is a plus, and interest in learning about complex financial instruments, transactions, and client/market interactions is essential.
• Experience within Citigroup or similar situations would be a plus

Skills:

• Strong communication and listening skills
• Excellent analytic and creative problem solving skills
• Proficiency in Microsoft Office and experience in programming (e.g. Python, SQL, etc.)
• Strong interpersonal skills; ability to develop peer-like relationships with senior leaders throughout an organization
• Ability to work as part of a team and autonomously
• Focused attention to detail plus ability to see the big picture
• Collaborative, team-oriented approach to problem solving
• Project and process ownership; strong time management
• Intellectual curiosity
• Strong desire to achieve excellence
• Experience in project management and process ownership

Qualifications:

• 4+ years of experience in Agency MBS strategy, trading, or portfolio management
• Strong knowledge of fixed income products
• Demonstrated ability to translate analytics into actionable trade ideas and portfolio positioning
• Bachelor’s degree or sufficient industry experience
• An interest in and prior exposure to capital markets, and familiarity with financial institution regulation and policies

Job Family Group:

Business Strategy, Management & Administration

Job Family:

Institutional Trading

Time Type:

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo_aa_policy.pdf) .

View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)

Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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Job Family Group:

Institutional Trading

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Job Family:

Trading

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$200 000,00 - $300 000,00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Anticipated Posting Close Date:

jul 16, 2026

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.