About the role
As an Agency MBS Strategist at Citi, you will lead prepayment strategy analysis for Agency Mortgage-Backed Securities and shape the relative value ideas that guide institutional client decisions. Sitting within Citi's Agency MBS team, this role combines deep market analysis with direct client engagement, giving you the opportunity to influence trading strategy and investment outcomes. You will work closely with sales, trading, and quantitative colleagues while mentoring junior talent within the team.
Responsibilities
* Lead prepayment strategy analysis for Agency Mortgage-Backed Securities, identifying trends that inform trading decisions.
* Identify relative value trade opportunities by analyzing collateral characteristics and issuance trends.
* Analyze large datasets using quantitative methods to uncover patterns in prepayment speeds, issuance volume, and supply and demand.
* Evaluate the relative value of securities and recommend enhancements to existing valuation models.
* Produce written investment reports that translate data and market insights into actionable recommendations for clients.
* Build strong relationships with institutional clients and partner with sales, trading, and quantitative teams to address their questions and requests.
* Mentor and train junior analysts and associates, supporting their growth within the team.
* Evaluate risk in every decision, upholding compliance standards and safeguarding Citi's reputation, clients, and assets.
Required Qualifications & Skills
* 6 to 10 years of experience in fixed income markets, with hands-on expertise in Agency Mortgage-Backed Securities.
* Ability to value fixed income securities and translate that analysis into practical trading recommendations.
* Proficiency in Python, Excel, and a database querying language such as SQL, applied with a methodical and organized approach to data analysis.
* Clear, effective written and verbal communication skills for producing client-facing investment reports.
* Strong interpersonal skills, a collaborative mindset, and a proactive approach to work.
* Active Series SIE, 7, and 63 licenses, or the ability to obtain and maintain them.
* Bachelor's degree.
Beneficial Skills & Qualifications
* Master's degree in a related field.
What We Offer
This role gives you the platform to shape strategy for one of Citi's core fixed income businesses while building your profile with institutional clients and developing your expertise alongside experienced colleagues.
* Hybrid working model with three days in the office and two days working remotely.
* Exposure to a global network of institutional clients and cross-functional teams in sales, trading, and quantitative research.
* Autonomy to develop valuation frameworks and trade ideas while collaborating closely with experienced strategists.
* Learning and development resources to deepen your expertise in fixed income markets and strategy.
* Opportunity to mentor junior analysts and associates while growing your own capabilities.
* Benefits supporting financial wellbeing and work-life balance.
Apply today to help shape Citi's Agency MBS strategy and build lasting institutional client relationships.
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Job Family Group:
Research
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Job Family:
Research Analysis
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Time Type:
Full time
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Primary Location:
New York New York United States
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Primary Location Full Time Salary Range:
$175,000.00 - $250,000.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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Most Relevant Skills
Please see the requirements listed above.
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Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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Anticipated Posting Close Date:
Nov 09, 2026
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Automated Processing and AI
We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
Illinois residents – AI Notice and Right
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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.