AGNC Investment Corp. (“AGNC”) is an internally managed real estate investment trust (“REIT”). We invest primarily in agency mortgage-backed securities (“agency MBS”) on a leveraged basis, financed through collateralized borrowings structured as repurchase agreements. Our principal investment objective is to provide stockholders with attractive risk-adjusted returns through a contribution of monthly dividends and net asset value accretion. We generate income from the interest earned on our investment assets, net of associated borrowing and hedging costs, and net realized gains and losses on our investments and hedging activities. We utilize an active portfolio management philosophy with the goal of preserving net asset value over a wide range of market scenarios. We were founded in 2008 and are headquartered in Bethesda, Maryland. Our common stock is traded on the Nasdaq Global Select Market under the symbol “AGNC.”
THE POSITION
The Vice President – Agency Portfolio Management role will be responsible for identifying analyzing and executing investments in Agency mortgage backed securities (MBS) as part of AGNC’s overall investment strategy. Experience with asset selection, risk management and expertise in analyzing, recommending, and executing transactions will be critical aspects of this position. Furthering relationships with counterparties and other industry professionals is also a key objective.
Responsibilities
PRIMARY RESPONSIBILITIES
Key responsibilities include:
- Identify, analyze, and execute transactions in the Agency MBS market including specified pools, TBA, and mortgage derivatives
- Ensure execution strategy and activities are consistent with AGNC’s long term focus, reputation as a market leader, and industry best practices
- Maintain market intelligence through frequent interaction with dealer trading desks and the research community
- Identify and monitor market developments and trends
- Develop and maintain surveillance reports to monitor investment performance and market conditions
- Monitor and manage key investment risks
- Maintain relationships with key constituents (dealers, investors, other market participants)
- Assist in the development and oversight of Agency MBS models
Qualifications
REQUIRED EXPERIENCE
• 7+ years of relevant financial experience
• Bachelor’s degree required and MBA preferred
• Strong analytical skills
• Ability to understand complex financial concepts
• Thorough understanding of prepayment and OAS models and related risk metrics
• Relevant experience trading Agency MBS including TBA, specified pools and/or mortgage derivatives
• In-depth understanding of the Agency MBS market and mortgage cash flows
• Experience maintaining relationships with external constituents
PERSONAL PROFILE
• Comfortable in a fast-paced, hands-on, transactional, and entrepreneurial environment
• Analytic skills
• Exceptional presentation, verbal and written skills
• Resourceful and innovative approach to problem solving and a proactive and collaborative operating style
• Willing to accept accountability and manage projects from inception through to closure
• Resilient, energetic, and enthusiastic attitude
• Ability to operate effectively with sustained pressure while responding constructively to challenging new ideas and inputs
• Creative, ambitious, forward-thinking mind, pragmatic and highly results oriented
• Functions effectively with minimal supervision
• Energetic and team-oriented
