Residential Mortgage Loans Trader

Deutsche Bank•New York, NY

1d•Hybrid

About The Position

The Whole Loans Trading Desk Analyst / Associate supports the end-to-end trading, risk management, and transaction execution of residential whole loan products. This role sits at the intersection of trading, structuring, risk, operations, and compliance, with responsibility spanning loan acquisition, portfolio management, sale/securitization, and ongoing lifecycle oversight. The position is designed for a highly analytical professional who can operate in a regulated fixed income trading environment while coordinating across multiple internal and external stakeholders.

Requirements

Strong proficiency in Excel (large data sets, pivot tables, lookups)
Ability to Identify opportunities to automate workflows and improve data integrity across trading and operational systems
Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Computer Science, or a related quantitative discipline encouraged
If Associate level: Proven experience with demonstrated exposure to whole loan trading, securitization, or mortgage portfolio management

Nice To Haves

experience with VBA, Python, SQL, or similar tools is a plus
Working knowledge of CAS/Intex/Structuring
An understanding of residential mortgage products, whole loan structures, servicing, and securitization mechanics preferred
Working knowledge of fixed income markets and hedging concepts (rates and credit)
Ability to manage multiple workstreams in a fast-paced trading environment
Clear written and verbal communication with senior stakeholders
Strong ownership mindset and comfort operating across front office, control, and infrastructure teams

Responsibilities

Support the trading desk in evaluating whole loan bids, acquisitions, dispositions, and securitization strategies, including data review, tape analysis, pricing support, trade confirmation, booking, and lifecycle management from execution through settlement and funding
Monitor pipeline activity and maintain accurate tracking of loan populations, trade economics, and execution milestones
Support daily and monthly P&L review, position monitoring, and balance sheet usage in coordination with Product Control and Market Risk while assisting in marking whole loan positions and performing cash flow, valuation, and stress analysis as required by the desk
Partner with Operations, Finance, and external vendors to ensure accurate settlement, funding, custodial reporting, and servicing transfers
Support post-close activities including EPD/EPO monitoring, R&W oversight, and loan sale or securitization unwind processes
Build and maintain analytical tools (Excel, VBA, Python, SQL where applicable) to support pricing, risk reporting, and operational efficiency

Benefits

A hybrid working model, allowing for in-office / work from home flexibility
generous vacation, personal and volunteer days
Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
Competitive compensation packages including health and wellbeing benefits
retirement savings plans
parental leave
family building benefits
Educational resources
matching gift
volunteer programs
physical, emotional, and financial wellness benefits