Hedging & Trading Specialist - Hybrid

Benchmark Mortgage•Plano, TX

2d•Hybrid

About The Position

The Hedging & Trading Specialist is a hands-on seat on the capital markets desk with a primary focus on Non-QM loan committing and hedging support. The role prices and commits Non-QM production to investors and aggregators, tracks those commitments through delivery, and maintains the daily data and reporting that support the Company's interest rate hedge.

Requirements

2-3 years of mortgage banking or financial services experience
Strong Excel skills
Demonstrated accuracy and attention to detail working to a market-driven schedule
Advanced Excel skills, including pivot tables, XLOOKUP/INDEX-MATCH, and SUMIFS, with comfort working in large data sets.
Clear, direct written and verbal communication with internal teams and external counterparties.
Ability to work independently and proactively surface questions rather than guess.
Working knowledge of fixed income, derivatives, or financial market concepts.
Familiarity with mortgage-backed securities, TBA mechanics, and basic hedging concepts.
Strong analytical and problem-solving ability.
Minimum of two (2) years of professional experience in mortgage banking or financial services (lock desk, secondary marketing, post-closing, loan delivery, capital markets operations, or a comparable analytical role) required.
Bachelor's degree in Finance, Economics, Mathematics, Accounting, Business, or a related field, or equivalent mortgage industry experience in lieu of a degree, required.

Nice To Haves

Technical proficiency in SQL, Power Query, VBA, or Python.
Exposure to Non-QM products (Bank Statement, DSCR, 1099, non-agency Full Doc) preferred.
Exposure to a loan origination system, pricing engine, or hedge analytics platform preferred.
Coursework or self-study in fixed income, derivatives, or financial markets preferred.

Responsibilities

Price and commit Non-QM loans to investors and aggregators, entering commitments accurately and confirming terms.
Prepare the daily hedge package for the Senior Trader, summarizing exposure by coupon and product, current position, and pipeline changes.
Pull and reconcile the daily loan-level pipeline across the loan origination system, pricing engine, and hedge analytics platform.
Build and submit bid tapes, and track bid results, fill rates, and pricing by counterparty.
Maintain the commitment calendar, including delivery windows, expiration/extension deadlines, and roll or pair-off exposure.
Track committed loans through funding, including purchase advice reconciliation and resolution of price variance, delivery, and suspense issues.
Enter trades as directed and reconcile dealer confirms, settlements, and pair-offs.
Track daily lock volume, extensions, fallout, and pull-through, and maintain the underlying assumption history.
Support daily rate sheet production, validating investor price changes, margin updates, and product changes.
Run competitor pricing comparisons, flag anomalies, and support sales and the lock desk on pricing and lock-policy questions.
Produce recurring daily, weekly, and month-end secondary marketing, hedge reconciliation, and P&L reports.
Other duties as assigned.