Mortgage-Backed Securities Trader

2 days ago


Detroit, Michigan, United States Rock Central Inc Full time
Job Summary

At Rock Central Inc, we're seeking an experienced Mortgage-Backed Securities Trader to join our team. As a key member of our trading team, you'll be responsible for tracking market conditions to buy and sell mortgage-backed securities, creating models and reports of trends, and developing and maintaining relationships with buyers.

Key Responsibilities
  • Leverage loan and trade data in our 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 the 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.

About Rock Central Inc

We're a leading financial services company dedicated to providing innovative solutions to our clients. Our team is passionate about delivering exceptional results and building long-term relationships.



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