Hedging & Trading Specialist - Hybrid

Benchmark Mortgage; Plano (TX); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Short-term and long-term disability

401(k) and Roth 401(k) with company 
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Company-provided life insurance

8 paid holidays

Job summary

Benchmark Mortgage is seeking a Hedging & Trading Specialist to join its capital markets desk in Plano, TX. The role focuses on Non-QM loan committing, hedging support, and maintaining daily data and reporting to back the interest rate hedge.

Ideal candidates have 2–3 years in mortgage banking or financial services, strong Excel skills, and high accuracy in a market-driven schedule. Responsibilities include pricing, committing loans, and producing hedge-related reports.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Accounting, Business or related field.
• 2–3 years mortgage banking or financial services experience.
• Strong Excel skills including pivot tables, XLOOKUP/INDEX-MATCH, and SUMIFS.
• Ability to work with fixed income concepts and hedging basics.

Responsibilities

• Price and commit Non-QM loans to investors and aggregators with accurate terms.
• Prepare daily hedge package for Senior Trader and summarize exposure and pipeline changes.
• Track daily loan-level pipeline across LOS, pricing engine, and hedge analytics platform.
• Build and submit bid tapes and monitor pricing by counterparty.
• Maintain commitment calendar, delivery windows, and roll/pair-off exposure.
• Enter trades and reconcile dealer confirms, settlements and pair-offs.
• Produce daily/weekly/monthly secondary marketing and P&L reports.

Skills

Advanced Excel

SQL

Power Query

VBA

Python

Attention to detail

Strong communication

Education

Bachelor's degree in Finance, Economics, Mathematics, Accounting, Business

Tools

Pricing engine

Hedge analytics platform

Job description

Hedging & Trading Specialist

Position Overview:

The Hedging & Trading Specialist is a hands-on seat on the capital markets desk with a primary focus on Non-QM loan committing and hedging support. The role prices and commits Non-QM production to investors and aggregators, tracks those commitments through delivery, and maintains the daily data and reporting that support the Company's interest rate hedge.

Ideal candidates for this position will have (1) 2-3 years of mortgage banking or financial services experience; (2) strong Excel skills; and (3) demonstrated accuracy and attention to detail working to a market-driven schedule.

Essential Functions of the Role:

• Price and commit Non-QM loans to investors and aggregators, entering commitments accurately and confirming terms.


• Prepare the daily hedge package for the Senior Trader, summarizing exposure by coupon and product, current position, and pipeline changes.


• Pull and reconcile the daily loan-level pipeline across the loan origination system, pricing engine, and hedge analytics platform.


• Build and submit bid tapes, and track bid results, fill rates, and pricing by counterparty.


• Maintain the commitment calendar, including delivery windows, expiration/extension deadlines, and roll or pair-off exposure.


• Track committed loans through funding, including purchase advice reconciliation and resolution of price variance, delivery, and suspense issues.


• Enter trades as directed and reconcile dealer confirms, settlements, and pair-offs.


• Track daily lock volume, extensions, fallout, and pull-through, and maintain the underlying assumption history.


• Support daily rate sheet production, validating investor price changes, margin updates, and product changes.


• Run competitor pricing comparisons, flag anomalies, and support sales and the lock desk on pricing and lock-policy questions.


• Produce recurring daily, weekly, and month-end secondary marketing, hedge reconciliation, and P&L reports.


• Other duties as assigned.

Classification: Full Time, Non-Exempt

Hedging & Trading Specialist

Essential Knowledge/Skills/Abilities:

• Advanced Excel skills, including pivot tables, XLOOKUP/INDEX-MATCH, and SUMIFS, with comfort working in large data sets.


• Demonstrated accuracy and attention to detail, particularly working to a market-driven schedule.


• Clear, direct written and verbal communication with internal teams and external counterparties.


• Ability to work independently and proactively surface questions rather than guess.


• Working knowledge of fixed income, derivatives, or financial market concepts.


• Familiarity with mortgage-backed securities, TBA mechanics, and basic hedging concepts.


• Strong analytical and problem-solving ability.


• Technical proficiency in SQL, Power Query, VBA, or Python.

Experience Requirements:

• Minimum of two (2) years of professional experience in mortgage banking or financial services (lock desk, secondary marketing, post-closing, loan delivery, capital markets operations, or a comparable analytical role) required.


• Exposure to Non-QM products (Bank Statement, DSCR, 1099, non-agency Full Doc) preferred.


• Exposure to a loan origination system, pricing engine, or hedge analytics platform preferred.

Education / Licensing Requirements:

• Bachelor's degree in Finance, Economics, Mathematics, Accounting, Business, or a related field, or equivalent mortgage industry experience in lieu of a degree, required.


• Coursework or self-study in fixed income, derivatives, or financial markets preferred.

Working Conditions:

• Fast-paced, market-driven environment.


• Requires normal vision (corrected) both close and distant.


• Requires normal hearing levels (corrected).


• Requires working at a desk to use a phone and computer for extended periods of time.


• Requires sitting, bending.


• Works effectively with frequent interruptions.


• Lifting requirements of 10 lbs. occasionally.


• Minimal travel <5%.


• Along with a great culture and competitive pay, full-time employees are eligible to receive additional benefits:
  
  
  
  • Medical, dental, and vision insurance
  
  
  • Short-term and long-term disability
  
  
  • 401(k) and Roth 401(k) plans and Company match
  
  
  • Company-provided life insurance
  
  
  • 8 paid holidays
  
  
  • AND MORE!