Hedge Desk Trader

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The Hedge Desk Trader will have the responsibility of hedging our multi-billion dollar pipeline of rate locks and closed loans. The position reports to the Hedge Desk Manager

Responsibilities:

* Efficiently calculate our daily at-risk position, reconcile differences between actual and forecast, and execute our hedge strategy using MBS forwards
* Monitor markets and market color and effectively incorporate these variables into our daily and overall hedge strategy
* Discover strategies to improve how we hedge our mortgage pipeline to reduce hedge cost/increase secondary gains
* Seek out new trading counterparties and investors for both our flow trades and specified bonds to maximize secondary income
* Able to efficiently build financial/risk models & reports

Requirements

Qualifications and Requirements:

* 2-3 years experience hedging a mortgage pipeline
* 2-3 years experience using QRM
* Strong sense of urgency in executing tasks
* Excellent analytical skills being able to research and resolve issues independently
* Excellent interpersonal and communication skills being able to effectively interface with peers, senior leaders, and the Broker/Dealer community

Education/ Requirements:

* Bachelor's Degree in Finance or Accounting
* Strong working knowledge of QRM
* Proficient with Bloomberg
* Advanced MS Excel and Access skills

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