Capital Markets Trader

As the Trader II, you'll exhibit elevated proficiency in mortgage trading, with a specialization in whole loan trading. This role is responsible for supporting the execution and optimization of trading strategies, assisting with loan aggregation, pool formation, price discovery, and proactively identifying market opportunities. You'll serve as a vital knowledge resource for more junior team members and collaborate closely with internal stakeholders to enhance team performance and execution quality. 

About the role

• Execute sales of mortgage loan pools using established mortgage trading strategies meant to maximize profits while reducing risk 

• Monitor and manage our pipeline of loans not yet sold 

• Create, maintain, and deepen relationships with buyers, investors, and trading counterparties, escalating complex issues as needed

• Prepare reports detailing profits and losses of executed trades

• Assist in the development of mortgage trading strategies meant to maximize profits while reducing risk

• Identify and share process improvements for pipeline management and trade execution efficiency

• Explore new mortgage loan sale opportunities 

• Support the development and launch of new mortgage products

• Regularly communicate emerging market dynamics and valuation trends to team members and other business areas

• Represent the trading team in projects and meetings and provide subject matter input on whole loan product structure and execution issues to trading and cross-functional teams

• Mentor and coach other team members on core trading tasks, whole loan concepts, and operational best practices

About you

Minimum Qualifications

• 3 years of experience in financial services, capital markets, or mortgage trading, with hands-on exposure to mortgage-backed securities and/or whole loan transactions

• Bachelor’s degree in finance, economics, business management, or equivalent experience 

• Advanced analytical and logical reasoning skills, especially as applied to trading and asset valuation

• Proficiency in spreadsheet software, financial modeling, and basic data visualization

• Demonstrated knowledge of structuring, pooling, and whole loan pricing conventions

• Experience collaborating cross-functionally with business partners 

Preferred Qualifications

• Experience in executing trading strategies for mortgage whole loans including servicing released/retained, bulks, forward, flow, and private-label securitization

• In-depth understanding of mortgage loan pricing, bond pricing, and fixed income market dynamics

• Deep familiarity with mortgage product types, investor guidelines, and whole loan sale execution processes

• Understanding of primary and secondary mortgage market dynamics, as well as key regulatory considerations impacting mortgage trading

• Capacity to coach and mentor other team members

What you’ll get

Our team members fuel our strategy, innovation and growth, so we ensure the health and well-being of not just you, but your family, too! We go above and beyond to give you the support you need on an individual level and offer all sorts of ways to help you live your best life. We are proud to offer eligible team members perks and health benefits that will help you have peace of mind. Simply put: We’ve got your back. Check out our full list of Benefits and Perks.

About us

Rocket Mortgage® was founded in 1985. Today, we’re a Detroit-based, publicly traded company with a mission to Help Everyone Home. At Rocket Mortgage, we believe that home is more than the house you live in. Our wide variety of home loan options, tools and resources empower our clients to achieve their homeownership dreams. We’re known as experts in the mortgage industry, but we’re also innovators – we strive to create the best experiences for our clients from beginning to end. And we’re not your typical employer. We’re insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. Apply today to join a team that offers career growth, amazing benefits and the chance to work with leading industry professionals.

This job description is an outline of the primary responsibilities of this position and may be modified at the discretion of the company at any time.  Decisions related to employment are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law.  The company provides reasonable accommodations to qualified individuals with disabilities in accordance with applicable state and federal laws.  Applicants requiring reasonable accommodations in completing the application and/or participating in the application process should contact a member of the Human Resources team, at [email protected].