What are the responsibilities and job description for the Securitized Products Group - MBS Trading - Analyst position at JPMorganChase?
Job Description
Be part of a high-performance MBS TBA trading franchise supporting flow execution and building the analytics and infrastructure that power real-time decision-making. This role offers direct exposure to pricing, risk management, and client flow across FN30, FN15, and G230, with a clear path to develop into a front-line trading seat.
Job Summary
The MBS TBA Trading Analyst supports the flow trading desk across three product lines (FN30, FN15, G230), focusing on execution support, market/risk awareness, and the development of analytics, dashboards, and scalable tools. The role is designed to build strong product and trading fundamentals with increasing responsibility over time.
Job responsibilities
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Be part of a high-performance MBS TBA trading franchise supporting flow execution and building the analytics and infrastructure that power real-time decision-making. This role offers direct exposure to pricing, risk management, and client flow across FN30, FN15, and G230, with a clear path to develop into a front-line trading seat.
Job Summary
The MBS TBA Trading Analyst supports the flow trading desk across three product lines (FN30, FN15, G230), focusing on execution support, market/risk awareness, and the development of analytics, dashboards, and scalable tools. The role is designed to build strong product and trading fundamentals with increasing responsibility over time.
Job responsibilities
- Assist in pricing, quoting, and executing TBA trades across FN30, FN15, and G230
- Maintain real-time awareness of positioning, risk, and P&L drivers; support balance sheet allocation processes across sectors
- Build and refine analytics to track relative value in mortgage basis, coupon stack, and cross-sector relationships (e.g., G2/FN, 15/30)
- Expand tools for dollar roll analysis (roll-cycle dynamics, specialness, float analytics) across all three sectors
- Enhance internal dashboards/platforms to improve speed and accuracy of trade decisioning
- Optimize auto-quoting capabilities and response logic; identify opportunities to automate repetitive trading and operational workflows
- Develop deep understanding of TBA market structure and liquidity; progressively take on greater responsibility in risk-taking, position management, and independent execution
- Knowledge of (or strong interest in) MBS/TBA products, market structure, and trading mechanics
- Strong analytical skills with ability to build/refine tools for relative value, basis, coupon stack, and roll analysis
- Ability to operate in a fast-paced environment with real-time risk/P&L awareness and attention to detail
- Experience improving or building dashboards, workflows, or trading infrastructure to support decision-making
- Aptitude for automation/systemization, including streamlining data aggregation and repetitive workflows
- Strong communication and teamwork skills to support traders and collaborate across functions
- Prior exposure to trading, sales & trading, or electronic market making environments
- Experience with systematic quoting, execution logic, and performance metrics (e.g., hit ratio, distance-to-cover)
- Strong technical skills for building scalable analytics and tooling (e.g., scripting, data pipelines, or dashboarding)
- Demonstrated ability to take increasing ownership toward risk-taking and independent trade execution over time
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About The Team
J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Salary : $110,000 - $125,000