AVP/VP - MSB Allocations
Dexian, New York, NY, United States
The MBS Allocations (Fixed Income Middle Office) supports the day-to-day allocation and lifecycle processing for Agency MBS TBA trades and specified pools, ensuring accurate trade capture, matching/affirmation, position integrity, and timely settlement. This role partners with Trading, Sales, Operations, Finance, Risk, and Technology to identify and resolve issues across the fixed income trade lifecycle. The position contributes to reducing operational risk, supports process improvements/automation efforts, and helps ensure adherence to internal policies and market deadlines.
Essential Job Duties Execute daily allocation of Agency MBS TBA trades across accounts/strategies, ensuring adherence to allocation policies, good delivery, client guidelines, and cutoff times Monitor TBA and pool positions (pair-offs, rolls, substitutions, and netting) and coordinate with Trading to anticipate operational impacts and help prevent position breaks Provide day-to-day trader support including trade entry and capture; validate trade economics and required identifiers (e.g., counterparty, broker, settlement date, pool details where applicable) to support timely MBSCC processing Support integrity of trade capture and downstream bookings by reviewing key economics (coupon, settlement date, factor, price/yield, fees) and assisting with the processing of amendments/cancellations in accordance with procedures Monitor MBSCC/DTCC matching and affirmation; track unmatched items and exceptions and coordinate timely resolution with counterparties and internal stakeholders Support fails resolution in partnership with Settlements/Operations; communicate status to the desk, document issues, and escalate items appropriately Support position/P&L integrity by reviewing reconciliation outputs, prioritizing break remediation, and partnering with Finance/Risk as needed to resolve issues Coordinate new issue and secondary securitized support as needed (CUSIP setup requests, factor updates, announcements), helping ensure accurate static data and controlled implementation of changes Support allocation and lifecycle controls: maintain procedures and evidence as required, assist with audit/regulatory requests, and escalate operational risk events in accordance with policy Manage and process MBSCC trade assignments as needed for Agency MBS TBA trades, ensuring timely submission and accurate assignment details in line with desk instructions and market cutoffs.
Qualifications 7–12+ years of experience in Agency MBS (TBA and specified pools) middle office/trade support/allocations Deep understanding of the MBS trade lifecycle including TBA settlement conventions, pair-offs, dollar rolls, trade assignment processes, and fails/claims; able to advise stakeholders on operational implications. Strong working knowledge of DTCC/MBSCC workflows and exception management; proven ability to drive complex, cross-functional issue resolution under tight deadlines. Strong systems aptitude with hands-on experience using ION, Bloomberg, MBSE and Impact to support trade capture, allocation workflows, and reconciliations Advanced Excel skills (pivot tables, lookups) and strong analytical skills Demonstrated ability to thrive in a fast-paced, dynamic environment—prioritizing competing deadlines, adapting to changing desk needs/market conditions, and maintaining accuracy and control. Bachelor’s degree required; relevant certifications are a plus.
Essential Job Duties Execute daily allocation of Agency MBS TBA trades across accounts/strategies, ensuring adherence to allocation policies, good delivery, client guidelines, and cutoff times Monitor TBA and pool positions (pair-offs, rolls, substitutions, and netting) and coordinate with Trading to anticipate operational impacts and help prevent position breaks Provide day-to-day trader support including trade entry and capture; validate trade economics and required identifiers (e.g., counterparty, broker, settlement date, pool details where applicable) to support timely MBSCC processing Support integrity of trade capture and downstream bookings by reviewing key economics (coupon, settlement date, factor, price/yield, fees) and assisting with the processing of amendments/cancellations in accordance with procedures Monitor MBSCC/DTCC matching and affirmation; track unmatched items and exceptions and coordinate timely resolution with counterparties and internal stakeholders Support fails resolution in partnership with Settlements/Operations; communicate status to the desk, document issues, and escalate items appropriately Support position/P&L integrity by reviewing reconciliation outputs, prioritizing break remediation, and partnering with Finance/Risk as needed to resolve issues Coordinate new issue and secondary securitized support as needed (CUSIP setup requests, factor updates, announcements), helping ensure accurate static data and controlled implementation of changes Support allocation and lifecycle controls: maintain procedures and evidence as required, assist with audit/regulatory requests, and escalate operational risk events in accordance with policy Manage and process MBSCC trade assignments as needed for Agency MBS TBA trades, ensuring timely submission and accurate assignment details in line with desk instructions and market cutoffs.
Qualifications 7–12+ years of experience in Agency MBS (TBA and specified pools) middle office/trade support/allocations Deep understanding of the MBS trade lifecycle including TBA settlement conventions, pair-offs, dollar rolls, trade assignment processes, and fails/claims; able to advise stakeholders on operational implications. Strong working knowledge of DTCC/MBSCC workflows and exception management; proven ability to drive complex, cross-functional issue resolution under tight deadlines. Strong systems aptitude with hands-on experience using ION, Bloomberg, MBSE and Impact to support trade capture, allocation workflows, and reconciliations Advanced Excel skills (pivot tables, lookups) and strong analytical skills Demonstrated ability to thrive in a fast-paced, dynamic environment—prioritizing competing deadlines, adapting to changing desk needs/market conditions, and maintaining accuracy and control. Bachelor’s degree required; relevant certifications are a plus.