Hiring: MBSCC Specialist- AVP/VP Company: Mizuho Location: Iselin, NJ Job Posted Time: 2026-09-11 14:39:04 Employment Type: Remote Target Skills & Keywords : Capital Markets, Derivatives, Fixed Income, Microsoft Excel About the job Experience: •7+ years of experience in Agency MBS (TBA and specified pools) middle office, trade support, allocations, or related operations. Required Skills: •Manage and process MBSCC trade assignments for Agency MBS TBA trades, ensuring timely submission and accurate assignment details in line with desk instructions and market cutoffs. •Monitor DTCC MBSCC for trade matching/affirmation; work exception queues and resolve unmatched, DK, and un-compared items efficiently, coordinating with counterparties and internal stakeholders. •Allocate Agency MBS TBA trades to accounts/strategies and maintain accurate TBA positions and monitor pool position as needed. •Provide trader support including trade entry and capture; confirm trade economics and required identifiers (e.g., counterparty, broker, settlement date, pool details where applicable) to ensure trades are assignment-ready for MBSCC processing. •Partner with Trading and Sales to respond to trade queries, investigate issues, and coordinate resolutions with internal teams and counterparties. •Support netting procedures across MBSCC settlement cycle; coordinate with Settlements on obligations and timely resolution of exceptions impacting settlement. •Process and control trade amendments/cancellations and assignment updates; reconcile front-office bookings to MBSCC status and ensure changes are reflected accurately through the assignment and settlement lifecycle. •Track and communicate daily MBSCC assignment and matching status (cutoffs, pending items, exceptions) via dashboards; escalate time-sensitive risks that could impact settlement. Qualifications: •3–7+ years of experience in Agency MBS (TBA and specified pools) middle office, trade support, allocations, or related operations. •In-depth knowledge of the MBS trade lifecycle, including TBA settlement conventions, allocations/assignments, pair-offs, rolls, pool assignment processes, and fails/claims. •Strong knowledge of the trade lifecycle, including DTCC netting procedures and exception management across fixed income products. •Applied hands-on capability in DTCC MBSCC trade assignments and processing (matching/affirmation, netting/obligations, and exception queues) and demonstrated ability to resolve unmatched/DK/un-compared items quickly. •Solid functional working knowledge of MBSCC timing, cutoff schedules, and key settlement controls; ability to coordinate across Trading and Settlements to prevent/mitigate fails. •Strong systems aptitude with hands-on experience using ION, Bloomberg, MBSE and Impact to support trade capture, allocation workflows, and reconciliations •Advanced Excel skills and strong attention to detail; ability to work effectively under intraday deadlines. •Clear written and verbal communication skills with the ability to partner across Trading, Sales, Settlements, and Technology. •Bachelor’s degree or equivalent relevant experience. •Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process Compensation: •$82,000 - $135,000 / year •Flexible work environment (work from home / hybrid options) •In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus Interested candidates, please apply directly through the job posting on company's career page or try via AI auto apply on this platform. Don't miss this opportunity to join a forward-thinking team!