Senior Capital Markets Analyst

Merchants Bancorp • Carmel, IN

2d

About The Position

The Senior Capital Markets Analyst supports day-to-day Secondary Marketing processes, including coordinating with a hedge advisory firm, reviewing and reconciling reports, maintaining secondary-market data integrity, producing daily pricing for conventional, government, and Jumbo AUS products across retail and correspondent channels, and managing investor commitments. The analyst owns certain processes and provides backup coverage for other Secondary Market functions.

The position works closely with operations, servicing, and post-closing teams to support accurate mortgage-loan pricing and sales. It also communicates with external clients, investors, and partners about pricing policies and commitment transactions. A successful analyst will perform daily Secondary Marketing tasks accurately and promptly, become a subject matter expert on pricing strategies and models, and provide excellent service to internal and external stakeholders.

Requirements

• At least 2 years of secondary marketing or capital markets experience is preferred.
• Fundamental knowledge of mortgage banking, including key process flows and risk/reward relationships.
• Attention to detail and the ability to multitask in a fast-paced environment.
• Excellent verbal and written communication skills.
• Ability to work in a team environment while taking ownership of personal responsibilities.
• Strong proficiency in Microsoft Excel, Word, and Outlook.
• Experience working with loan origination systems and pricing engines.
• A bachelor's degree is preferred.

Nice To Haves

• Attainment of, or active progress toward, an MBA, CPA, or CFA.
• Experience with Encompass and Blue Sage loan origination systems and Optimal Blue pricing engines.
• Exposure to risk-management systems such as MIAC’s MarketShield, Optimal Blue’s CompassEdge, or similar systems.
• Familiarity with Power BI for data visualization and reporting and SharePoint for document management and collaboration.
• Exposure to market-data platforms such as Bloomberg, LSEG’s Workspace, or dataQollab.
• Experience using AI productivity tools such as MS CoPilot or Claude to streamline workflows and analysis.

Responsibilities

• Assist with developing, improving, and implementing mortgage pricing and hedging strategies for correspondent and retail channels.
• Work with the hedge advisory firm to help manage interest-rate risk in the mortgage pipeline through hedging, trading, and loan-sale activities.
• Maintain the mortgage pricing model and produce and distribute daily rate-sheet pricing to pricing users and pricing engines.
• Perform best-execution analysis and sell loans to investors.
• Manage relationships with current secondary-market investors and evaluate potential new investors.
• Track and monitor trade positions, margin requirements, and pair-off settlements with broker-dealer counterparties.
• Respond to loan officer and correspondent seller inquiries about lock and pricing policies.
• Reconcile purchase advice and funding.
• Assist with creating, distributing, and monitoring profitability reports, performance monitoring, and other capital-markets reporting for senior management.
• Produce ad hoc analytics and complete special assignments requested by management.
• Own certain Secondary Marketing processes and provide backup support for other Secondary Market functions.

Benefits

• Medical coverage
• Dental coverage
• Vision coverage
• 401(k)
• Employee Stock Ownership Plan (ESOP) participation
• Generous paid time off
• Wellness resources
• Tuition assistance covering 100% of eligible tuition expenses and required books and materials

What This Job Offers

• Job Type: Full-time
• Career Level: Senior