CIB Agency CMBS Associate

CIB Agency CMBS Associate Country: United States of America It Starts Here: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.

This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference. If you are interested in exploring the possibilities We Want to Talk to You! The Difference You Make: The Agency CMBS Associate is a front-office role within the CIB Markets group supporting the trading, risk management, and client activities of the Agency CMBS desk. The Associate will partner with senior traders and sales professionals to price and execute transactions, analyze relative value and security structures, monitor positions and risk, and provide timely market color and trade ideas.

The role collaborates closely with Research, Operations, Risk, Finance, Legal, and Compliance 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.

What You Bring: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education: 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 - Required.

Qualifications: 2+ Years of relevant Sales & Trading experience; Agency CMBS or securitized-products experience preferred . 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). Modeling skills preferred.

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. Certifications: FINRA SIE and applicable registrations, including Series 7 and 63 as applicable, must be obtained within firm-established timeframes It Would Be Nice For You To Have: 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. Work Auth