Junior Quant - Mortgage-Backed Securities
About the job
- A degree in a quantitative discipline, such as engineering, mathematics, physics, computer science, or a similar field.
- At least one year of experience working with agency mortgage-backed securities, on a buy-side desk, at a dealer, or with an analytics vendor.
- Understanding of Agency MBS concepts, including TBA, rolls, pay-ups, collateral attributes, prepayment behavior, and its drivers.
- Strong applied statistics and programming ability, including the judgment to distinguish real results from noise and the discipline to write code others can read, test, and build on.
- Ability to discuss and present complex ideas in an intuitive, easy-to-follow way.
- Help senior portfolio managers and researchers find new and profitable trading strategies and alphas.
- Research, scope, and onboard new securitized markets and sectors.
- Improve the systematic trading platform for securitized products, following markets and research.
- Conduct novel research on trading signals, prepayment modeling, pricing, and hedging.
- Use AI tools across these responsibilities to make research and trading more efficient and impactful.
- Understanding of CMO structures, including IO, PO, and floater.
- Understanding of GSE program types.
- Experience with prepayment model calibration or validation.
- Understanding of various spreads and durations.
- Experience with systematic back-testing and portfolio construction.
About the company
Man Group manages investments for institutions, financial advisers and individual investors across public and private markets. Its Man AHL and Man Numeric businesses use computer models to select and trade investments, while other teams analyse companies and markets directly. Clients access strategies covering shares, credit and multiple asset classes through funds or tailored investment portfolios. The group earns management fees based on assets and performance fees when portfolios meet agreed return conditions, with systems supporting research, trading and risk oversight. The business traces its roots to a sugar brokerage founded in 1783 in the City of London.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
1783
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Simplify's Take
What believers are saying
- Employees gain schedule flexibility: Man advertises hybrid arrangements and flexible hours.
- Graduates build broader skills: Man runs 18-to-24-month rotations with mentorship and professional qualification opportunities.
- Client demand grew through June 2026: Man attracted $7.1 billion in net inflows during the first half.
What critics are saying
- Employee bonuses fluctuate with business results: Man's variable compensation adjusts with revenue and profitability.
- Losses delay performance income: Man's alternative funds must recover prior losses before earning performance fees.
- Large allocators drive Man's business: institutions account for 72% of client assets.
What makes Man Group unique
- Academic research feeds investing: Man AHL has first negotiation rights to commercially exploitable Oxford-Man Institute research.
- Investment teams retain autonomy: Man pairs independent investment decisions with one shared operating platform.
- Man commercialises its research tools: ArcticDB licenses its Python database for production use.
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Benefits
- Health Insurance
- Life Insurance
- 401(k) Retirement Plan
- 401(k) Company Match
- Paid Vacation
- Paid Sick Leave
- Paid Holidays
- Enhanced Parental Leave
- Long-Service Leave
- Flexible Work Hours
- Remote Work Options
- Gym Membership