The MBS Allocations (Fixed Income Middle Office) supports the day-to-day allocation and lifecycle processing for Agency MBS TBA trades and specified pools, ensuringaccuratetrade capture, matching/affirmation, position integrity, andtimelysettlement. This role partners with Trading, Sales, Operations, Finance, Risk, and Technology toidentifyand resolve issues across the fixed income trade lifecycle.Theposition contributes to reducing operational risk, supports process improvements/automation efforts, and helps ensure adherence to internal policies and market deadlines.

Essential Job Duties

• Execute daily allocation of Agency MBS TBA trades across accounts/strategies, ensuring adherence to allocation policies, good delivery, client guidelines, and cutoff times

• Monitor TBA and pool positions (pair-offs, rolls, substitutions, and netting) and coordinate with Trading toanticipateoperational impacts and help prevent position breaks

• Provide day-to-day trader support including trade entry and capture;validatetrade economics and required identifiers (e.g., counterparty, broker, settlement date, pool details where applicable) to supporttimelyMBSCC processing

• Support integrity of trade capture and downstream bookings by reviewing key economics (coupon, settlement date, factor, price/yield, fees) andassistingwith the processing of amendments/cancellationsin accordance withprocedures

• Monitor MBSCC/DTCC matching and affirmation; track unmatched items and exceptions and coordinatetimelyresolution with counterparties and internal stakeholders

• Support failsresolutionin partnership with Settlements/Operations; communicate status to the desk, document issues, and escalate items appropriately

• Support position/P26L integrity by reviewing reconciliation outputs, prioritizing break remediation, and partnering with Finance/Risk as needed to resolve issues

• Coordinate newissueand secondary securitized support as needed (CUSIP setup requests, factor updates, announcements), helping ensureaccuratestatic data and controlled implementation of changes

• Support allocation and lifecycle controls:maintainprocedures and evidence asrequired,assistwith audit/regulatory requests, and escalate operational risk eventsin accordance withpolicy

• Manage and process MBSCC trade assignmentsas neededfor Agency MBS TBA trades, ensuringtimelysubmission andaccurateassignment details in line with desk instructions and market cutoffs.

Qualifications

• 712+ years of experience in Agency MBS (TBA and specified pools) middle office/trade support/allocations

• Deep understanding of the MBS trade lifecycle including TBA settlement conventions, pair-offs, dollar rolls,tradeassignment processes, and fails/claims; able to advise stakeholders on operational implications.

• Strong working knowledge of DTCC/MBSCC workflows and exception management; proven ability to drive complex, cross-functional issue resolution under tight deadlines.

• Strong systems aptitude with hands-on experience using ION,Bloomberg, MBSE and Impactto support trade capture, allocation workflows, and reconciliations

• Advanced Excel skills (pivot tables, lookups) and strong analyticalskills

• Demonstrated ability to thrive in a fast-paced, dynamic environment1rioritizing competing deadlines, adapting to changing desk needs/market conditions, andmaintainingaccuracy and control.

• Bachelor27s degreerequired; relevant certifications are a plus.