CIB Agency CMBS Associate

Summary

Santander is a global financial services organization undergoing a technology-driven, customer-centric transformation. The Agency CMBS Associate supports the CIB Markets Agency CMBS desk by assisting with trading, market-making, risk management, transaction execution, security analysis, hedging, and client support.

Responsibilities

• Supports trading and market-making in Agency CMBS and related securitized products in primary and secondary markets
• Prices securities and responds to client inquiries; supports trade execution within approved limits
• Develops relative-value views using spread, cash-flow, collateral, prepayment, extension, liquidity, and technical analysis
• Analyzes Agency CMBS structures, collateral, and cash flows across agency multifamily and commercial mortgage programs
• Monitors positions, inventory, profit and loss, market risk, liquidity, and hedge effectiveness
• Assists in developing and executing hedging strategies using appropriate rates and spread products
• Partners with Sales to provide market color, axes, portfolio analysis, and actionable client ideas
• Tracks new issuance, investor demand, dealer positioning, agency-program developments, and broader rates-market trends
• Maintains accurate marks, trade bookings, and position data; resolves breaks, fails, and settlement issues
• Builds and improves analytical models, dashboards, and workflow tools in Excel and other approved platforms
• Contributes to desk projects, process improvements, product development, and junior team development

Skills

• Bachelor's Degree: in Finance, Economics, Mathematics, Engineering, Computer Science, or a related field, or equivalent demonstrated through a combination of work experience, training, military service, or education
• 2+ Years of relevant Sales & Trading experience
• Highly motivated with a drive to succeed
• Strong quantitative and qualitative skills
• Ability to be flexible, adapt to changing priorities and prioritize deadlines
• Advanced in Microsoft Office applications (Word, Excel) with ability to learn new software(s)
• Proven ability work collaboratively in a team environment
• Ability to work under pressure
• Strong verbal and written communication skills, organizational skills and project management skills
• FINRA SIE and applicable registrations, including Series 7 and 63 as applicable, must be obtained within firm-established timeframes
• Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment
• Agency CMBS or securitized-products experience preferred
• Modeling skills preferred
• Familiarity with Freddie Mac K-Series, Fannie Mae DUS, Ginnie Mae project-loan securities, or comparable agency multifamily products
• Experience with Bloomberg, Intex, Yield Book, or comparable analytics tools
• Experience with Python, SQL, VBA, or other workflow-automation tools

Qualifications

Must Haves

• Bachelor's Degree: in Finance, Economics, Mathematics, Engineering, Computer Science, or a related field, or equivalent demonstrated through a combination of work experience, training, military service, or education
• 2+ Years of relevant Sales & Trading experience
• Highly motivated with a drive to succeed
• Strong quantitative and qualitative skills
• Ability to be flexible, adapt to changing priorities and prioritize deadlines
• Advanced in Microsoft Office applications (Word, Excel) with ability to learn new software(s)
• Proven ability work collaboratively in a team environment
• Ability to work under pressure
• Strong verbal and written communication skills, organizational skills and project management skills
• FINRA SIE and applicable registrations, including Series 7 and 63 as applicable, must be obtained within firm-established timeframes
• Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment

Nice to Haves

• Agency CMBS or securitized-products experience preferred
• Modeling skills preferred
• Familiarity with Freddie Mac K-Series, Fannie Mae DUS, Ginnie Mae project-loan securities, or comparable agency multifamily products
• Experience with Bloomberg, Intex, Yield Book, or comparable analytics tools
• Experience with Python, SQL, VBA, or other workflow-automation tools