Introduction to Mortgage Based Securities (MBS) and its trading process
6
Approval: HR to Validate Documentation
7
Enrollment for Agency Mortgage Trader Compliance Course
8
Complete Agency Mortgage Trader Compliance Course
9
Training on Agency MBS Pricing Methods
10
Approval: Line Manager for Compliance Course Completion
11
Introduction to Agency Trading Desk Support Staff
12
Setting up Risk Management Software Access
13
Training on Risk Management Software
14
Process Walk-Through With the Trainer
15
Meet with Compliance Officer to understand regulation standards
16
Set-Up of the Trading Desk Infrastructure
17
Approval: Compliance Officer for understanding regulation standards
18
Shadowing Experienced Agency Mortgage Trader
19
Approval: Mentor for Successful Shadowing Experience
20
Authorized to Begin Live Trading
Collect Required Employee Documentation
This task involves collecting all the necessary documentation from the new employee. These documents are essential for the onboarding process and ensuring compliance with company policies and legal requirements. The collected documents will serve as proof of identity, banking details, and eligibility to work in the country. Additionally, they provide the necessary information for setting up the employee's payroll and benefits. Collecting these documents in a timely manner is crucial to avoid delays in activating the employee's payroll and benefits.
Activation of Employee Payroll and Benefits
Activating the employee's payroll and benefits is a vital step in ensuring a smooth onboarding process. It involves setting up the employee in the payroll system, including their personal information, tax details, and banking information. Activating the employee's benefits requires enrolling them in the company's benefit programs and providing them with relevant information and resources. This task ensures that the employee can receive their salary and access their benefits as soon as they start working.
Completion of Background Check
Conducting a thorough background check on the new employee is essential to ensure compliance, protect the company's reputation, and maintain the integrity of the trading desk. The background check includes verifying the employee's educational qualifications, employment history, credit history, and any criminal records. This task aims to mitigate potential risks and identify any red flags that may affect the employee's suitability for the role. Completing a comprehensive background check instills confidence in the employee's credentials and trustworthiness.
Authorization for Bloomberg Terminal Access
Bloomberg Terminal is a critical tool for agency mortgage traders. This task involves obtaining the necessary authorization and access for the new employee to use the Bloomberg Terminal. Access to the Bloomberg Terminal allows the employee to monitor market trends, analyze data, and execute trades effectively. By granting the employee Bloomberg Terminal access, they will have the necessary tools to excel in their role and contribute to the agency trading desk's success.
1
Basic Access
2
Advanced Access
3
Full Access
Introduction to Mortgage Based Securities (MBS) and its trading process
Introducing the new employee to Mortgage-Backed Securities (MBS) and its trading process is critical to their success as an agency mortgage trader. This task familiarizes the employee with the concept of MBS, including its characteristics, types, and trading dynamics. It highlights the employee's role in trading MBS and provides an overview of the key market players and factors that influence MBS prices. By understanding MBS and the trading process, the employee will be better equipped to make informed trading decisions and contribute to the agency's profitability.
Approval: HR to Validate Documentation
Will be submitted for approval:
Collect Required Employee Documentation
Will be submitted
Enrollment for Agency Mortgage Trader Compliance Course
Every agency mortgage trader must adhere to strict compliance regulations. This task involves enrolling the new employee in an Agency Mortgage Trader Compliance Course. The course covers the regulatory framework, best practices, and ethical guidelines that govern agency mortgage trading. Completion of this course is essential for ensuring compliance with industry regulations and mitigating the risk of non-compliance. By enrolling the employee in this course, we prioritize their adherence to compliance standards from the very beginning of their tenure.
Complete Agency Mortgage Trader Compliance Course
Completing the Agency Mortgage Trader Compliance Course is a crucial step in the onboarding process for agency mortgage traders. This task requires the employee to dedicate time and effort to successfully complete the course and pass any required assessments. The course equips the employee with an understanding of compliance regulations, ethical principles, and best practices specific to agency mortgage trading. Successful completion of this course ensures that the employee is well-versed in compliance standards and prepared to uphold them in their role.
Training on Agency MBS Pricing Methods
Training on Agency MBS Pricing Methods is essential for agency mortgage traders to accurately assess and determine the value of MBS. This task involves providing comprehensive training on different pricing models, valuation techniques, and market factors that influence MBS prices. The employee will gain expertise in pricing Agency MBS accurately and effectively, enabling them to make informed trading decisions. By mastering MBS pricing methods, the employee can contribute to maximizing the agency's profitability and success.
1
In-person
2
Online
Approval: Line Manager for Compliance Course Completion
Will be submitted for approval:
Complete Agency Mortgage Trader Compliance Course
Will be submitted
Introduction to Agency Trading Desk Support Staff
Introducing the new employee to the Agency Trading Desk Support Staff is crucial for a seamless onboarding experience. This task provides an opportunity for the employee to familiarize themselves with the support staff and understand their respective roles and responsibilities. Building strong relationships with the support staff enhances collaboration, streamlines communication, and ensures efficient workflow within the agency trading desk. By establishing connections with the support staff, the employee can leverage their expertise and effectively navigate the trading desk infrastructure.
Setting up Risk Management Software Access
Setting up Risk Management Software Access is vital for agency mortgage traders to effectively manage and mitigate risks associated with trading activities. This task involves providing the new employee with access to the agency's risk management software. The software enables the employee to analyze risk exposure, monitor portfolio performance, and identify potential risks in real-time. By granting the employee access to the risk management software, they can actively contribute to maintaining a robust risk management framework within the agency.
Training on Risk Management Software
Training on Risk Management Software is essential for the new employee to effectively utilize the agency's risk management tools and capabilities. This task provides comprehensive training on the features, functionalities, and usage of the risk management software. The employee will learn how to assess risk exposures, generate reports, and implement risk mitigation strategies using the software. By mastering the risk management software, the employee can contribute to maintaining a robust risk management framework and minimizing potential risks within the agency.
1
In-person
2
Online
Process Walk-Through With the Trainer
Conducting a process walk-through with the trainer is an essential step in the onboarding process for agency mortgage traders. This task involves a detailed review of the trading process, systems, and workflows. The employee will gain insights into the end-to-end trading process, understand system functionalities, and learn how to leverage available tools and resources. By conducting this walk-through, the employee can familiarize themselves with the trading process and clarify any questions or concerns they may have.
Meet with Compliance Officer to understand regulation standards
Meeting with the Compliance Officer is a crucial task for the new employee to gain a comprehensive understanding of regulatory standards and compliance requirements specific to agency mortgage trading. This meeting provides an opportunity for the employee to address any compliance-related questions, clarify guidelines, and familiarize themselves with the company's compliance policies. By meeting with the Compliance Officer, the employee ensures they are fully informed and equipped to maintain compliance throughout their role as an agency mortgage trader.
Set-Up of the Trading Desk Infrastructure
Setting up the Trading Desk Infrastructure is essential for the new employee to seamlessly integrate into the agency trading desk. This task involves configuring the employee's workstation, providing access to necessary systems and software, and ensuring they have the required tools and resources. Setting up the trading desk infrastructure creates an optimal work environment for the employee to execute trades efficiently and effectively. By ensuring a smooth setup process, we enable the employee to focus on their responsibilities and contribute to the agency's success.
1
Configure Workstation
2
Install Trading Software
3
Provide Login Credentials
4
Install Communication Tools
5
Set-Up Market Data Subscriptions
Approval: Compliance Officer for understanding regulation standards
Will be submitted for approval:
Introduction to Mortgage Based Securities (MBS) and its trading process
Will be submitted
Enrollment for Agency Mortgage Trader Compliance Course
Will be submitted
Training on Agency MBS Pricing Methods
Will be submitted
Introduction to Agency Trading Desk Support Staff
Will be submitted
Setting up Risk Management Software Access
Will be submitted
Training on Risk Management Software
Will be submitted
Process Walk-Through With the Trainer
Will be submitted
Meet with Compliance Officer to understand regulation standards
Will be submitted
Set-Up of the Trading Desk Infrastructure
Will be submitted
Shadowing Experienced Agency Mortgage Trader
Shadowing an experienced Agency Mortgage Trader is a valuable learning opportunity for the new employee. This task involves pairing the new employee with an experienced trader to observe and learn from their trading strategies, decision-making processes, and risk management techniques. The shadowing experience enhances the employee's understanding of the market dynamics, enhances their trading skills, and provides insight into industry best practices. By shadowing an experienced trader, the employee can accelerate their learning curve and gain firsthand experience in agency mortgage trading.
Approval: Mentor for Successful Shadowing Experience
Will be submitted for approval:
Shadowing Experienced Agency Mortgage Trader
Will be submitted
Authorized to Begin Live Trading
Authorizing the new employee to begin live trading signifies their readiness to actively participate in the trading activities. This task grants the employee permission to execute trades independently on behalf of the agency. By authorizing live trading, we acknowledge the employee's proficiency in understanding market dynamics, trading strategies, and risk management principles. The authorization empowers the employee to contribute to the agency's trading volume, revenue generation, and overall success.
