Job Description:

Job Title Mortgage-Backed Securities (MBS) Trade Support & Allocator

Corporate Title Assistant Vice President

Location Jacksonville, FL

Overview

The Mortgage-Backed Securities (MBS) Allocations team provides comprehensive trade and allocation support to RMB trading desks. The team will support Agency MBS Pass-Through securities (TBAs and pools), or those issued or guaranteed by the government agency, Ginnie Mae, or one of the two government-sponsored entities (GSE), Fannie Mae and Freddie Mac. The MBS Allocation team will be supporting the Firm’s propriety MBS Pass-Through business which includes: TBAs allocation, EPN processing, Position Management, MBSD FICC-RTTM, Fails Management, TBA (To Be Announced) and Pool Netting, Daily Reporting, TBA Pair off, Trade Assignment processing, and Trade Support services for the desks. The Allocator team is required to manage risk, avoid fails and sift for valuable bonds to maximize profits, “If the rules of allocation are properly and carefully administered, Profit & Loss (P&L) can be realized over and above the original TBA trade P&L”. The Allocator role includes ad-hoc trading desk requests, allocation deadlines, and position management between the trade flow systems; the ability to multi-task and prioritize in a fast paced, highly stressful environment is a must.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration

• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days

• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement

• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits

• Educational resources, matching gift and volunteer programs

What You’ll Do

• Manage and allocating TBA product and coupon trade flow and pool inventory on 48-hour days

• Sort for valuable bonds to maximize Trading Desk profits. Reconcile positions with the Residential Mortgage- Backed Securities (RMBS) Trading Desk. Processing TBA and MBS Pool Netting transactions

• Ensuring that all trades are booked and confirmed as intended by checking the Trading system verses internal systems, liaising with Trading, Sales, Brokers or the Counterparties directly

• Manage fails by communicating with the street for prompt settlement. Investigate and resolve trade exceptions

• Participating, supporting, and testing relating to new business initiatives, as well as ongoing internal and industry business testing

• Partnering closely with the Trading and Sales to provide the first level of control (1LOD) and escalation

Skills You’ll Need

• Moderate relevant mortgage-backed securities experience (TBAs/Pools Trade Support/MBS Allocation). Solid understanding of SIFMA’s TBA Market Governance and Uniform Practices Manual (https://www.sifma.org/resources/general/tba-market-governance/)

• Advanced Excel Skills (macros, pivot tables, vlookups, etc.)

• Individual needs to be performance-driven, proactive, with proven ability to take on challenges, set and execute agenda

• Educated to at least Bachelor’s degree level

• Knowledge of MBSE/Impact/FICC MBSD-RTTM/EPN/BONY-BDC

Skills That Will Help You Excel

• Job knowledge: (Candidate must have knowledge of the Firm’s markets, products, business, and regulations)

• Strong analytical skills: (ability to utilize different techniques to resolved problem transactions)

• Solid operational skills: (Good understanding of trade processing and settlement procedures)

• Good technical skills: (Candidate must have MBS Allocation/trade support experience, clearance experience and Fixed Income Clearing Corp (FICC) knowledge for MBS products)

• Excellent interpersonal skills: (Candidate must have excellent communication skills and interacts well with others appropriately)

Expectations

It is the Bank’s expectation that employees hired into this role will work in the Jacksonville, FL office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

Deutsche Bank Values & Diversity

We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authenti­cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

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Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.