Analyst - Mortgage Backed Securities (MBS) New York, NY

Analyst - Mortgage Backed Securities (MBS) New York, NY

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. 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. 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.

Qualifications:

• Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related field; master's degree preferred.
• 03 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)

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.