Capital Markets Head Trader

AD Mortgage•Fort Lauderdale, FL

3d•Onsite

About The Position

As Head of MBS Trading, you will oversee pricing, hedging, trading, and execution for the mortgage portfolio. You will manage pooling decisions and pipeline risk strategies while optimizing profitability. The role requires expertise in agency and non-agency execution, hedging instruments, and macroeconomic factors affecting interest rates. This is a full-time, office-based position at the company's Fort Lauderdale, Florida headquarters. Standard hours are Monday through Friday, 9:00 AM to 6:00 PM. The company describes its culture as inclusive and supportive, with paid training and career development pathways. It offers a benefits package that includes PTO, sick days, paid volunteer hours, medical, dental, and vision insurance, and a 401(k).

Requirements

At least 3 years of experience in bond trading, specifically focused on Mortgage-Backed Securities (MBS).
Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related quantitative field.
Mastery of QRM, Tradeweb, Bloomberg, and GSE websites.
In-depth knowledge of mortgage pipeline dynamics, fallout modeling, servicing values (MSRs), and the mechanics of the TBA market.

Nice To Haves

High proficiency in SQL, Python, or R for data analysis.

Responsibilities

Oversee daily MBS trading activities, including TBA trading, specified pool creation, and whole-loan sales, to maximize secondary marketing gain-on-sale margins.
Design, implement, and monitor comprehensive pipeline hedging strategies.
Continuously evaluate and optimize execution options.
Lead, mentor, and develop traders, analysts, and secondary marketing specialists.
Maintain and expand relationships with broker-dealers, warehouse providers, and institutional investors.
Collaborate with Finance, Accounting, Post Closing, and other teams to support accurate loan delivery and funding and smooth operations.
Monitor economic indicators, Federal Reserve policy, and regulatory changes to adjust trading strategies proactively.