Junior Quant - MBS

About Man Group

Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary, and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent.

Headquartered in London, we manage $253.6 billion* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com.

At Man Group, we respect your privacy and are committed to protecting and safeguarding your Personal Data. We have developed policies and processes designed to provide for the security and integrity of your Personal Data. We are committed to processing your Personal Data fairly and lawfully, and being open and transparent about such processing. For further information on how we process your data, please see the privacy notice for applicants here.

* As at 30 June 2026

The Team

Man Group is one of the world’s largest publicly listed alternative investment managers. The Systematic Securitized Credit team builds systematic trading strategies across securitized products and the fixed-income markets around them, researching markets, signals, and portfolio construction to capture returns that are hard to reach and hard to replicate. AI is embedded throughout our workflow, from research to execution.

Role & Responsibilities

We are looking for a junior quantitative researcher with a background in agency mortgage-backed securities (MBS) and CMOs. You will sit with the portfolio managers and senior researchers who run the strategy, splitting your time roughly evenly between the analytics that inform live trading and your own research into new sources of return. Junior members here own research; they do not only support other people’s.

• Helping senior PMs & researchers find new and profitable trading strategies & alphas
• Researching, scoping, and onboarding new securitized markets and sectors
• Improving our systematic trading platform for securitized products, following markets & research
• Doing novel research on trading signals, prepayment modeling, pricing, and hedging
• Utilizing AI tools across all above responsibilities to make research & trading more efficient & impactful

Skills & Qualifications

• A degree in a quantitative discipline — engineering, mathematics, physics, computer science, or similar.
• At least a year working with agency MBS: on a buy-side desk, at a dealer, or an analytics vendor.
• Understanding of Agency MBS concepts: TBA, rolls, payup-ups, collateral attributes, prepayment behavior, and drivers.
• Strong applied statistics and programming ability: the judgment to tell a real result from noise, and the discipline to write code others can read, test, and build on.
• The ability to discuss and present complex ideas in an intuitive, easy to follow way.
• Plus: Understanding of CMO structures (IO/PO/Floater), GSE program types, Prepayment model calibration or validation, various spreads & durations, systematic back-testing, and portfolio construction.

Compensation and Benefits

The anticipated base salary range for this position is listed below. Compensation packages would also include benefits and a discretionary bonus. This is the base salary range that the Company believes it will pay for this position at the time of this posting based on the location and requirements of the position as well as the skills, qualifications, and experience of the applicant. The Firm reserves the right to modify this pay range at any time.

US Pay Range: $110,000 — $130,000 USD

Inclusion, Work-Life Balance and Benefits at Man Group

You'll thrive in our working environment that champions equality of opportunity. Your unique perspective will contribute to our success, joining a workplace where inclusion is fundamental and deeply embedded in our culture and values. Through our external and internal initiatives, partnerships, and programmes, you'll find opportunities to grow, develop your talents, and help foster an inclusive environment for all across our firm and industry. Learn more at www.man.com/diversity.

You'll have opportunities to make a difference through our charitable and global initiatives, while advancing your career through professional development, and with flexible working arrangements available too. Like all our people, you'll receive two annual 'Mankind' days of paid leave for community volunteering.

Our comprehensive benefits package includes competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave, and long-service leave. Depending on your location, you may also enjoy additional benefits such as private medical coverage, discounted gym membership options, and pet insurance.

Equal Employment Opportunity Policy

Man Group provides equal employment opportunities to all applicants and all employees without regard to race, color, creed, national origin, ancestry, religion, disability, sex, gender identity and expression, marital status, sexual orientation, military or veteran status, age, or any other legally protected category or status in accordance with applicable federal, state, and local laws.

Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact TalentAcquisition@man.com.