Capital Markets Head Trader
Job Description
About this opportunity
As the Head of MBS Trading, you will oversee the pricing, hedging, trading, and execution of our mortgage portfolio. You will manage the pooling decision, pipeline risk management strategy and optimize profitability. This role requires a deep understanding of agency (Fannie Mae, Freddie Mac, Ginnie Mae) and non-agency execution, hedging instruments (TBA, Swaps, etc), and the macro-economic factors influencing interest rates.
Key Responsibilities
Trading & Execution: Oversee the daily execution of all MBS trading activities, including TBA trading, specified pool creation, and whole-loan sales to maximize secondary marketing gain-on-sale margins.
Risk Management & Hedging: Design, implement, and monitor comprehensive pipeline hedging strategies.
Best Execution Analysis: Continuously evaluate and optimize execution options
Team Guidance: Lead, mentor, and develop team of traders, analysts and secondary marketing specialists.
Vendor & Investor Relations: Maintain and expand strong relationships with broker-dealers, warehouse providers, and institutional investors.
Cross-Functional Collaboration: Partner closely with Finance, Accounting, Post Closing and other teams to ensure accurate loan delivery and funding and operational fluidity
Market Intelligence: Monitor economic indicators, Federal Reserve policy, and regulatory changes to adjust trading strategies proactively.
Location and Schedule
This is a full-time, office-based position in a modern, cozy environment in our Troy, MI office.
Our standard working hours are Monday to Friday, 9:00 AM to 6:00 PM, promoting a healthy work-life balance.
Skills & Qualifications
Experience: Minimum of 3-5 years of experience in bond trading, specifically focused on Mortgage-Backed Securities (MBS)
Education: Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related quantitative field.
Technical Proficiency: Mastery of QRM, Tradeweb, Bloomberg and GSE websites. High proficiency in SQL, Python, or R for data analysis is a strong plus.
Deep Subject Matter Expertise: In-depth knowledge of mortgage pipeline dynamics, fallout modeling, servicing values (MSRs), and the mechanics of the TBA market.
What We Offer | Career and Culture
Company Culture: Inclusive, supportive company culture where you are not a number, but a voice that's heard and brings value.
Growth Path: Defined paid training and clear pathways for career development.
Benefits: Comprehensive benefits package including PTO, sick days, paid volunteer hours, medical, dental, vision insurance, and 401(k).
Take the first step towards a rewarding career in the mortgage industry with AD Mortgage.
Our Recruitment team will reach out to you shortly!
Connect with us: Explore our social media to get a sense of our corporate culture.
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We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.