Senior Vice President, Non-Agency Trading

Western Alliance Bank•Westlake Village, CA

2d•$222,000 - $291,649

About The Position

The SVP, Trader (Non-Agency) will lead the development and execution of the firm’s Non QM and AUS Jumbo whole loan trading strategy. This role is responsible for pricing, execution, margin management, and counterparty relationships across flow, bulk, and securitization outlets. The SVP Trader will play a critical role in scaling Non Agency originations while optimizing best execution and production P&L. This position requires deep expertise in Non QM credit, whole loan trading, secondary marketing, and non agency capital markets, with the ability to partner cross functionally across sales, operations, risk, and finance.

Requirements

10+ years of related experience in Residential Mortgage Lending, Capital Markets or similar field.
Bachelor's degree in related field required; Masters or MBA in related field preferred.
Advanced to expert knowledge of residential mortgage industry in Correspondent or Retail Lending including; sales, operations, capital markets and/or other residential mortgage products and services.
Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Advanced in Capital Markets functions including trading, hedging, best execution calculations and margin management.
Intermediate in VBA and/or SQL and Excel.
Advanced speaking and writing communication skills.

Responsibilities

Lead Non‑QM and Jumbo whole‑loan trading activities, including flow and bulk executions, investor bid processes, and trade allocation decisions.
Determine best‑execution strategies, including whole‑loan sales versus securitization alternatives, to optimize profitability.
Manage daily pricing, position risk, and inventory, including margin targets and hedge effectiveness.
Partner with Secondary Marketing and Product teams to design pricing frameworks, rate sheets, and investor pay‑up strategies for Non‑QM and Jumbo products.
Incorporate market movements, investor appetite, and credit performance into pricing decisions and guideline evolution.
Develop and maintain strong relationships with whole‑loan investors, broker‑dealers, aggregation desks, and securitization partners.
Represent the firm professionally in all buy‑side and sell‑side trading interactions, negotiations, and market discussions.
Oversee pipeline hedging frameworks, market risk exposure, and reporting for Non‑Agency production.
Monitor credit, liquidity, and execution risks while ensuring adherence to internal policies and risk limits.
Work closely with Correspondent Sales, Operations, Underwriting, Servicing, Finance, and Compliance to ensure seamless trade execution and settlement.
Lead, mentor, and develop trading and secondary marketing staff as the Non‑Agency platform scales.