Capital Markets Head Trader

AD Mortgage LLC; Troy (MI); On-site; USD 100,000 - 150,000; Full time

Benefits offered by this job

Comprehensive benefits package

Paid volunteer hours

Defined paid training

Job summary

AD Mortgage LLC seeks a Head of MBS Trading in Troy, MI. This role involves overseeing the pricing, hedging, trading, and execution of the mortgage portfolio. Key responsibilities include managing trading activities and leading a team of professionals.

The ideal candidate will have 3-5 years of experience in bond trading, specializing in Mortgage-Backed Securities, supported by a degree in Finance or a related field. A comprehensive benefits package, including health insurance and 401(k), is offered.

Qualifications

• Minimum of 3-5 years of experience in bond trading, specifically focused on Mortgage-Backed Securities (MBS).
• In-depth knowledge of mortgage pipeline dynamics, fallout modeling, servicing values (MSRs), and TBA market mechanics.

Responsibilities

• Oversee daily execution of MBS trading activities including TBA trading and specified pool creation.
• Design and monitor comprehensive pipeline hedging strategies.
• Lead, mentor, and develop a team of traders and analysts.
• Partner with Finance and Accounting teams for accurate loan delivery.
• Monitor economic indicators and adjust trading strategies proactively.

Skills

Bond trading

Mortgage-Backed Securities

SQL

Python

R

Education

Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or related field

Tools

QRM

Tradeweb

Bloomberg

Job description

About This Opportunity

As the Head of MBS Trading, you will oversee the pricing, hedging, trading, and execution of our mortgage portfolio. You will manage the pooling decision, pipeline risk management strategy, and optimize profitability. This role requires a deep understanding of agency (Fannie Mae, Freddie Mac, Ginnie Mae) and non‑agency execution, hedging instruments (TBA, Swaps, etc), and the macro‑economic factors influencing interest rates.

Key Responsibilities

• Trading & Execution: Oversee the daily execution of all MBS trading activities, including TBA trading, specified pool creation, and whole‑loan sales to maximize secondary marketing gain‑on‑sale margins.
• Risk Management & Hedging: Design, implement, and monitor comprehensive pipeline hedging strategies.
• Best Execution Analysis: Continuously evaluate and optimize execution options.
• Team Guidance: Lead, mentor, and develop a team of traders, analysts, and secondary marketing specialists.
• Vendor & Investor Relations: Maintain and expand strong relationships with broker‑dealers, warehouse providers, and institutional investors.
• Cross‑Functional Collaboration: Partner closely with Finance, Accounting, Post Closing and other teams to ensure accurate loan delivery and funding and operational fluidity.
• Market Intelligence: Monitor economic indicators, Federal Reserve policy, and regulatory changes to adjust trading strategies proactively.

Location and Schedule

• This is a full‑time, office‑based position in our Troy, MI office.
• Our standard working hours are Monday to Friday, 9:00 AM to 6:00 PM, promoting a healthy work‑life balance.

Skills & Qualifications

• Experience: Minimum of 3‑5 years of experience in bond trading, specifically focused on Mortgage‑Backed Securities (MBS).
• Education: Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related quantitative field.
• Technical Proficiency: Mastery of QRM, Tradeweb, Bloomberg and GSE websites. High proficiency in SQL, Python, or R for data analysis is a strong plus.
• Deep Subject Matter Expertise: In‑depth knowledge of mortgage pipeline dynamics, fallout modeling, servicing values (MSRs), and the mechanics of the TBA market.

What We Offer | Career and Culture

• Company Culture: Inclusive, supportive company culture where you are not a number, but a voice that is heard and brings value.
• Growth Path: Defined paid training and clear pathways for career development.
• Benefits: Comprehensive benefits package including PTO, sick days, paid volunteer hours, medical, dental, vision insurance, and 401(k).

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.