Telecommut
Salary Range: 120,000.00 - 130,000.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Title: Analyst, Mortgage Backed Securities (MBS) New York, NY
Global Banking And Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Purpose
The Agency MBS Analyst supports and helps develop the firm’s Agency MBS/TBA trading business, with secondary responsibilities in trading support and market making. This early-career role is designed to build foundational Agency MBS expertise across analytics and trade execution support. The position will also interface with Houston-based mortgage lending and origination teams as the business expands.
Responsibilities
- Support Agency MBS/TBA trading activities, including collateral and prepayment analysis; develop Python-based analytical tools to streamline data workflows.
- Partner with institutional sales teams to address client demand for Agency MBS products; provide timely market color, liquidity insights, and product education.
- Build and maintain relationships with external counterparties, including dealer trading desks and institutional clients.
- Monitor Agency MBS and broader fixed-income market developments to identify relative value opportunities and generate trade ideas; proactively communicate recommendations to sales teams and clients.
- Prepare daily P&L reporting, reconcile trade positions with middle office, and perform performance attribution to identify key drivers of desk results.
- Execute and manage hedging strategies using TBA, U.S. Treasuries, swaps, and swaptions; maintain exposures within established risk limits and ensure all trading activity complies with regulatory requirements and internal trading policies.
- Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related field; master’s degree preferred.
- 0–3 years of experience in fixed income (trading, analytics, research, or risk), with interest in Agency MBS/TBA markets.
- Strong quantitative, analytical, and problem-solving skills; ability to synthesize market and collateral data into actionable insights.
- Proficiency in Python; experience building repeatable analytics and automations for data analysis and reporting.
- Familiarity with Bloomberg and/or other fixed-income analytics platforms preferred.
- Strong written and verbal communication skills, with the ability to support client-facing discussions in partnership with Sales.
- High attention to detail and sound judgment in a fast-paced trading environment; ability to manage priorities and deadlines.
- Preferred: FINRA Series 7 and 63 (or ability to obtain)
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Location(s): United States : New York : New York City
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.
Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.
