Capital Markets Head Trader

AD Mortgage•Troy, MI

6d•Onsite

About The Position

As the Head of MBS Trading, you will oversee the pricing, hedging, trading, and execution of our mortgage portfolio. You will manage the pooling decision, pipeline risk management strategy and optimize profitability. This role requires a deep understanding of agency (Fannie Mae, Freddie Mac, Ginnie Mae) and non-agency execution, hedging instruments (TBA, Swaps, etc), and the macro-economic factors influencing interest rates.

Requirements

Minimum of 3-5 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 is a strong plus.

Responsibilities

Oversee the daily execution of all 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 team of traders, analysts and secondary marketing specialists.
Maintain and expand strong relationships with broker-dealers, warehouse providers, and institutional investors.
Partner closely with Finance, Accounting, Post Closing and other teams to ensure accurate loan delivery and funding and operational fluidity.
Monitor economic indicators, Federal Reserve policy, and regulatory changes to adjust trading strategies proactively.