CMO Trader/PM Job

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CMO Trader/PM Job

Pack, Jaime BGI SF

CMO Portfolio Manager/Trader

San Francisco, CA


Barclays Global Investors (BGI) is America's largest money manager, providing structured investment strategies such as indexing, risk-controlled active products, and exchange traded funds to investors worldwide. For 35 years, BGI has been at the forefront of developing innovative investment ideas, applying science and technology to the investment process. Headquartered in San Francisco and named one of the SF Business Times' ''Best Places to Work in the Bay Area 2007, '' the Barclays PLC subsidiary employs over 3,500 people globally and manages $2 trillion in assets.





The CMO Portfolio Manager/Trader will be a member of Mortgage Investment Team responsible for generating superior performance in MBS portfolios. This person will be responsible for trading securities and developing long/short recommendations in the prime MBS market (including agency and non-agency credit), focusing on CMOs and mortgage derivatives.





·         Actively manage and enhance return in mortgage portfolios in collaboration with other members of the mortgage investment team.

·         Conduct trading and identify relative value opportunities across agency and non-agency structured MBS sectors including pass-throughs, PACs, sequentials, IOs and POs (both trusts and structured), inverses, floaters, and more esoteric derivative structures.

·         Work with research to develop and improve existing signals of mortgage models – specifically those involving CMOs and mortgage derivatives.

·         Ensure cash allocated for long-term investment achieves targeted objectives and recommend hedges as needed.

·         Support the balance of the mortgage team and become an integral part of alpha generation for our active MBS strategies. 





·         At least 5 years of experience in the MBS sector, with an emphasis on trading and portfolio management preferred.

·         Strong risk management skills, focusing on convexity risk (for agency securities) plus credit risk (for non-agencies).  This includes mastery of analytic tools to manage idiosyncratic, systematic, and interest rate risks.

·         Strong quantitative skills with a willingness to adopt the BGI’s research framework.

·         Ability to prioritize multiple demands in a fast-paced, intellectually demanding work environment.

·         Solid understanding of asset classes outside of the mortgage sector.

·         MBA/CFA or higher degree preferred.



To apply, upload a Word or PDF resume to the following URL:






Please connect with me via LinkedIn:


Jaime Pack

Recruiting Specialist

Human Resources

Barclays Global Investors

(: (415) 908-7612 (office)

6: (415) 618-1411 (fax)

45 Fremont Street, San Francisco, CA 94105, USA



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