VP, Investments Officer

Position Specifications:

The VP, Investments Officer of NexBank supports NexBank Capital Inc. (NCI) and its subsidiaries. This individual will be responsible for executing trades in the agency Mortgage-Backed Securities (MBS) markets, including TBA and specified pass-through pools, while assisting with financing and hedging strategies involving futures, interest rate swaps, and repos. The ideal candidate will also support broader portfolio management initiatives, leveraging advanced analytical tools and technologies to optimize performance. The VP, Investments Officer reports directly to the SVP, Head of Capital Markets. This position is based in Dallas, Texas.

Key Responsibilities:

• Trading and Execution

- Execute trades in the agency MBS/TBA market, ensuring optimal pricing and liquidity management.

- Actively trade specified pass-through pools, focusing on pool-level characteristics such as prepayment risk, convexity, and cash flow dynamics.

- Assist in executing and managing hedging strategies, including interest rate futures, interest rate swaps, and repo transactions.

- Design and implement derivatives strategies to manage interest rate risk, convexity risk, and basis risk across the portfolio.

• Portfolio Management & Analysis

- Collaborate with the investments team and Executive Management to analyze market conditions and develop investment strategies.

- Monitor portfolio performance metrics, conduct scenario analyses, and recommend adjustments based on market shifts.

- Provide in-depth analysis of prepayment behavior, spread movements, and risk/reward trade-offs in the MBS market.

• Asset Liability Management (ALM)

- Assist in modeling and managing interest rate risk and liquidity risk across the balance sheet.

- Work closely with Treasury and Finance teams to align investment strategies with funding needs and liability structures.

- Participate in ALM meetings, providing insights on duration gaps, shock profiles and general market trends.

• Technology & Efficiency

- Utilize systems to analyze data, improve existing and develop new internal models.

- Develop management dashboards within PowerBI using internal and external data sources.

• Market Research & Reporting

- Stay updated on market trends, pricing, liquidity, and macroeconomic factors impacting MBS and hedging instruments.

- Generate reports and insights for internal strategy meetings, senior management, and Board-level reviews.

• Execution & Compliance

- Build and maintain strong relationships with broker- dealers to ensure efficient trade execution and access to market intelligence.

- Assist in the implementation of electronic trading initiatives.

- Ensure strict adherence to internal guidelines and regulatory requirements across all trading activities.

Requirements

Professional Experience/Qualifications:

• CFA designation strongly preferred.

• Advanced degree (MBA, MS in Finance, Economics, or a related field) is highly desirable.

• 5+ years of trading experience in agency MBS markets, with demonstrated expertise in TBA and specified pool trading.

• Series 7 and Series 63 License, preferred.

• Deep understanding of prepayment behavior, pool selection, and relative value analysis in MBS.

• Strong knowledge of hedging instruments (futures and interest rate swaps).

• Experience with repo financing preferred.

• Detail-oriented, with excellent problem-solving and organizational skills.

• Strong communication abilities and a collaborative approach.

• Proficiency with Bloomberg Terminal, MBS analytics platforms, and trading systems.

• Advanced Excel skills, with the ability to develop and use complex models.

• Knowledge of portfolio management systems and risk management tools.

• Knowledge of SQL and PowerBI, or related tools, strongly preferred.

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