Capital Markets Trader

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Rocket Mortgage , backed by Rocket Companies® , means more opportunities for you to carve your own career path forward. From our desire to revolutionize the way people get mortgages to addressing challenges big or small with outside-the-box solutions, we're not your typical employer. We'll provide you with everything you need to make sure you're successful here.

Apply today to join a team that offers career growth, amazing benefits and the chance to work with leading industry professionals.

Minimum Qualifications

• 2 years of experience trading mortgage-backed securities (MBS)
• Experience in the mortgage industry
• Bachelor's degree in Finance, Economics, Marketing, Computer Science or equivalent relevant experience
• Proficiency with Microsoft Excel, including but not limited to, ability to utilize formulas, pivot tables, graphs and charts
• Proficiency with database querying via SQL or other experience with programming languages

Job Summary

As an MBS Trader II, you'll track market conditions to buy and sell mortgage-backed securities, create models and reports of trends and develop and maintains relationships with buyers. You should be proficient at hedging the pipeline and work to improve process efficiency and effectiveness.

Responsibilities

• Leverage loan and trade data in risk management system to develop a daily hedge strategy
• Implement the optimal hedge strategy to eliminate rate risk and maximize trade execution
• Monitor and maintain market data used for risk management decisions, best-execution and market-to-market evaluation
• Assess hedging strategy effectiveness through data and metrics, recommending changes to strategy as needed
• Execute buy and sell of mortgage-backed securities forward contracts
• Develop and maintain relationships with new and existing broker/dealer counterparties
• Design and implement process improvements to existing tools and workflows
• Monitor markets and provide insight to internal teams and leadership on impact to the organization market
• Identify and correct operational issues with trades, loans and/or market data within the risk management platform
• Lead projects to drive process improvement and effectiveness to the risk management platform and/or trading strategies
• Mentor junior team members

Benefits and Perks

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.

Who We Are

Rocket Companies® is a Detroit-based company made up of businesses that provide simple, fast and trusted digital solutions for complex transactions. The name comes from our flagship business, now known as Rocket Mortgage®, which was founded in 1985. Today, we're a publicly traded company involved in many different industries, including mortgages, fintech, real estate and more. We're insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. We're passionate about the work we do, and it shows. We've been ranked #1 for Fortune's Best Large Workplaces in Financial Services and Insurance List in 2022, named #5 on People Magazine's Companies That Care List in 2022 and recognized as #7 on Fortune's list of the 100 Best Companies to Work For in 2022.

Disclaimer

This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the leadership group.

We are proud equal opportunity employers and committed to providing an inclusive environment based on mutual respect for all candidates and team members. Employment decisions, including hiring decisions, 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. We also provide reasonable accommodation to qualified individuals with disabilities in accordance with state and federal law.