Mortgage Trading Specialist

1 month ago


London, Greater London, United Kingdom Goldman Sachs Full time
Job Title: Mortgage Trading

At Goldman Sachs, we are seeking a highly skilled Mortgage Trading professional to join our team. As a key member of our Residential Structured Finance business, you will be responsible for originating and executing a variety of residential mortgage transactions, including securitizations, advisory assignments, warehouse and term financing, and whole loan principalizing.

Key Responsibilities:
  • Underwrite and analyze credit, market, operational, and legal risk related to principal balance sheet lending.
  • Structure private lending facilities and securitizations across non-agency and non-traditional collateral sectors.
  • Prepare term sheets and check deal structure in securitization-related documents.
  • Collaborate to monitor market developments, reverse engineer structures in the market, and devise novel and unique features to optimize financing.
  • Develop Excel/Intex models in support of transaction execution, rating agency interactions, and investor dialogue.
  • Communicate effectively with internal and external clients, including finance, trading, sales, structurers, legal counsel, rating agencies, accountants, and trustees.
Requirements:
  • Master's degree or equivalent in Finance, Economics, Business, Math, Physics, or a related quantitative field, plus 2 years of non-agency Residential Mortgage-Backed Securities experience or related experience.
  • Bachelor's degree or equivalent in Finance, Economics, Business, Math, Physics, or a related quantitative field, plus 3-5 years of non-agency Residential Mortgage-Backed Securities experience or related experience.
Qualifications:
  • Structured products/trading experience and demonstrated knowledge of fixed income markets.
  • Demonstrated financial modeling skills to understand and develop deal structure and cash flow waterfall models for revolving and amortizing transactions.
  • Experience using Intex and Bloomberg, and evaluating/pricing non-agency mortgage-backed securities.
  • Demonstrated quantitative skills, including performing bond math.
  • Demonstrated IT skills, including experience with Microsoft Excel and VBA programming.
  • Ability to communicate and work under tight timeframes with internal and external clients.


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