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Capital Markets Trader
Walter Investment Management Corp
Fort Washington, PA, United States
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The Capital Markets Trader is responsible for ensuring best execution on sales of funded loans via security or cash window execution, in addition to supporting the team hedging the pipeline by providing analysis and reporting around the hedge position. This position will need to work in conjunction with the larger capital markets group and across the organization to ensure accurate reporting of risk, hedge positions, P&L and counterparty exposure.
Essential Functions/Specific Duties:
• Facilitate daily dialogue between Ditech and our liquidity providers in regards to market conditions, specific buy/sell axes, and investor sentiment.
• Monitor the specified market, adjust collateral pay-ups given changing market conditions and investor sentiment, and ensure accurate pricing on front end rate sheets. The role will also be responsible for identifying best execution strategies for pool delivery across a number of delivery options.
• Monitor the ARM market and manage the rate sheet pricing for ARM’s via Z-spread.
• Assist in evaluating overall risk position in order to most effectively manage the duration of unfunded and funded pipelines. The trader will also be responsible for ensuring all positions are flat at MBS settlements.
• Work with the back office on trade input accuracy and trading disputes.
• Monitor correspondent client exposure.
• Process and approve correspondent AOT requests.
• Any other job responsibilities requested by management.
Qualifications/Job Requirements:
Education:
• Bachelor’s degree required/MBA preferred
Experience:
• Minimum 3-5 years mortgage experience with trading desk or back office experience.
• Familiarity with the process and requirements to deliver loans to FNMA, FHLMC, and GNMA.
Skills & Competencies:
• Strong Analytical, quantitative, mathematical, and communication skills.
• Must be competent in Microsoft applications such as Word, Excel, Access, and PowerPoint as well as Bloomberg, TradeWeb, and preferably MIAC.
Conditions of Work:
• High stress environment
• Minimal travel
• Above average working day