SVP Trader - Capital Markets

Citi • O’Fallon, MO

1d • Onsite

About The Position

As a senior member of the Secondary Marketing team, the SVP Trader is responsible for maximizing revenue by selling mortgage loans into the Secondary Markets. This role must anticipate and understand well the economics of a mortgage loan and responsibly pass those economics to our Sales partners to maintain a competitive offering for our Retail and Correspondent customers. The Trader must hedge the value of the loan from time of rate lock commitment to time of loan sale.

Requirements

• 10+ years of experience in a related role
• Knowledge of interest rate risk, mortgage pricing, best-execution, and Secondary Markets
• Strong analytical skills
• Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders, including investors and other Secondary Market participants
• Consistently demonstrates clear and concise written and verbal communication skills
• Bachelor’s degree/University degree or equivalent experience

Nice To Haves

• Master’s degree preferred

Responsibilities

• Manage hedging and market risk for a locked pipeline and warehouse of mortgage loans.
• Maximize profitability through the timely sale of whole loans and the structuring of mortgage-backed securities.
• Pursue best-execution opportunities and convey those economics to Sales partners to maintain a competitive offering.
• Identify and act on cost-effective opportunities to acquire mortgage loans. This includes the economic acquisition of CRA loans to fulfill shortfall needs.
• Prospect and cultivate relationships with investors, including GSEs, broker-dealers, and other mortgage loan buyers.
• Work with Risk Reporting Analysts to ensure proper reporting and attribution of risks and P&L.
• Partner closely with control functions—including Legal, Compliance, Market and Credit Risk, Audit, and Finance—to ensure a robust governance and control infrastructure.
• Assess risk appropriately when making business decisions, with particular consideration for the firm's reputation and the safeguarding of Citigroup, its clients, and its assets.
• Drive compliance with all applicable laws, rules, and regulations.
• Adhere to all internal policies and procedures, including Citi's Code of Conduct and the Plan of Supervision for the Secondary Marketing Trade Desk.
• Apply sound ethical judgment regarding personal behavior and business practices.
• Escalate, manage, and report control issues with full transparency.
• Promote a culture of responsible finance, good governance, diligent supervision, and expense discipline.

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

What This Job Offers

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