Senior Mortgage Trader

Trading Interview; Chicago, Northern (IL, KY); Hybrid; USD 150,000 - 250,000; Full time

Benefits offered by this job

Profit sharing

Job summary

TransMarket Group in Chicago is seeking an experienced Mortgage Trader to join our on-site trading desk. You will manage risk and trade mortgage products on our derivatives desk, leveraging a proven track record and niche mortgage expertise.

The role emphasizes disciplined risk assessment, collaboration with sales and clients, and mentoring junior traders, with on-site presence five days a week at our Chicago office.

Qualifications

• 5+ years of experience trading mortgages for a proprietary book.
• Demonstrated track record of profitable mortgage trading.
• Deep understanding of mortgage pricing and risk metrics.
• Spec Pool Trading experience is required.
• Proficiency with trading and risk systems.
• Strong quantitative aptitude; ability to reason quickly under pressure with sound judgment on risk.
• Excellent communication skills and a collaborative approach with sales and clients.
• Strong work ethic and a collaborative mindset.
• This position requires physical presence and is on-site (all 5 days) at our office in Chicago, IL.

Responsibilities

• Utilize mortgage expertise to manage risk and trade profitably.
• Develop and maintain quantitative tools and analytics for strategy optimization.
• Contribute to the desk's automation and e-trading initiatives, including algo pricing logic and auto-hedging workflows.
• Collaborate with fellow traders to share insights and refine trading strategies.
• Mentor junior traders on the desk.

Skills

Mortgage trading

Risk management

Quantitative analytics

Trading systems

Communication

Collaboration

Mentoring juniors

Job description

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.

TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.

Description

We are seeking an experienced Mortgage Trader to join our trading team. You will be responsible for risk management and trading across a variety of mortgage products on the current derivatives desk.The ideal candidate must have a proven track record of disciplined trading, niche expertise in Mortgage markets, and exceptional risk assessment and management skills.

Responsibilities

• Utilize mortgage expertise to manage risk and trade profitably
• Develop and maintain quantitative tools and analytics for strategy optimization.
• Contribute to the desk's automation and e-trading initiatives, including algo pricinglogic and auto-hedging workflows
• Collaborate with fellow traders to share insights and refine trading strategies.
• Mentor junior traders on the desk

Requirements

• 5+ years of experience trading mortgages for a proprietary book
• Demonstrated track record of profitable mortgage trading
• Deep understanding of mortgage pricing and risk metrics
• Spec Pool Trading experience is required
• Proficiency with trading and risk systems
• Strong quantitative aptitude; ability to reason quickly under pressure with sound judgment on risk
• Excellent communication skills and a collaborative approach with sales and clients
• Strong work ethic and a collaborative mindset.
• This position requires physical presence and is on-site (all 5 days) at our office in Chicago, IL.

Benefits

• We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.

TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.

This description was published by TransMarket Group.

Established in 1980 under the name Aardvark Financial, TransMarket Group ("TMG") operates as a privately held global markets proprietary trading firm. Their success is based on the utilization of unique…