Capital Markets Trader

Rocket Companies•Detroit, MI

About The Position

As the Trader II, you'll exhibit elevated proficiency in mortgage trading, with a specialization in whole loan trading. This role is responsible for supporting the execution and optimization of trading strategies, assisting with loan aggregation, pool formation, price discovery, and proactively identifying market opportunities. You'll serve as a vital knowledge resource for more junior team members and collaborate closely with internal stakeholders to enhance team performance and execution quality.

Requirements

3 years of experience in financial services, capital markets, or mortgage trading, with hands-on exposure to mortgage-backed securities and/or whole loan transactions
Bachelor’s degree in finance, economics, business management, or equivalent experience
Advanced analytical and logical reasoning skills, especially as applied to trading and asset valuation
Proficiency in spreadsheet software, financial modeling, and basic data visualization
Demonstrated knowledge of structuring, pooling, and whole loan pricing conventions
Experience collaborating cross-functionally with business partners

Nice To Haves

Experience in executing trading strategies for mortgage whole loans including servicing released/retained, bulks, forward, flow, and private-label securitization
In-depth understanding of mortgage loan pricing, bond pricing, and fixed income market dynamics
Deep familiarity with mortgage product types, investor guidelines, and whole loan sale execution processes
Understanding of primary and secondary mortgage market dynamics, as well as key regulatory considerations impacting mortgage trading
Capacity to coach and mentor other team members

Responsibilities

Execute sales of mortgage loan pools using established mortgage trading strategies meant to maximize profits while reducing risk
Monitor and manage our pipeline of loans not yet sold
Create, maintain, and deepen relationships with buyers, investors, and trading counterparties, escalating complex issues as needed
Prepare reports detailing profits and losses of executed trades
Assist in the development of mortgage trading strategies meant to maximize profits while reducing risk
Identify and share process improvements for pipeline management and trade execution efficiency
Explore new mortgage loan sale opportunities
Support the development and launch of new mortgage products
Regularly communicate emerging market dynamics and valuation trends to team members and other business areas
Represent the trading team in projects and meetings and provide subject matter input on whole loan product structure and execution issues to trading and cross-functional teams
Mentor and coach other team members on core trading tasks, whole loan concepts, and operational best practices