Senior Capital Markets Analyst

Merchants Bank of Indiana • Carmel, IN

16h

About The Position

The Senior Capital Markets Analyst supports the day-to-day operations of Secondary Marketing. The role collaborates with a hedge advisor firm, reviews and reconciles reporting, maintains secondary market data integrity, produces daily pricing for conventional, government, and Jumbo AUS products for retail and correspondent channels, and manages investor commitments. The analyst owns certain processes and serves as backup for other Secondary Market functions. The role works closely with operations, servicing, and post-closing teams to facilitate accurate pricing for mortgage origination and loan sales, and communicates with external clients, investors, and partners about pricing policies and commitment transactions.

A successful analyst is expected to learn and 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

• Bachelor's degree preferred.
• At least 2 years of secondary marketing or capital markets experience preferred.
• Fundamental knowledge of mortgage banking, including key process flows and risk/reward relationships.
• Attention to detail and 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 with loan origination systems such as Encompass and Blue Sage and pricing engines such as Optimal Blue.
• Exposure to risk management systems such as MIAC’s MarketShield, Optimal Blue’s CompassEdge, or similar.
• 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.

Nice To Haves

• Attainment of or active progress toward an MBA, CPA, or CFA is desired.

Responsibilities

• Assist with development, improvement, and implementation of mortgage pricing and hedging strategies for correspondent and retail channels.
• Work with the hedge advisory firm to help manage mortgage pipeline interest rate risk 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 regarding 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.

Benefits

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

What This Job Offers

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