Whole Loan Conduit Trader - Senior Associate

The Fannie Mae; United States; On-site; USD 109,000 - 142,000; Full time

Job summary

Fannie Mae is seeking a Senior Associate to support a fast-paced mortgage trading desk. You will work with traders and partners to ensure accurate trade execution, settlements, and actionable market insights, focusing on pipeline management, hedging, pooling, and desk workflow optimization.

Minimum 2 years in trading, capital markets, or mortgage finance, with a Bachelor’s degree. Strong Excel, VBA, SQL, and Python skills are highly valued, alongside attention to detail in a deadline-driven

Qualifications

• Bachelor’s degree or equivalent experience in Finance, Economics, or a related quantitative discipline.
• Experience supporting mortgage capital markets, including pipeline management, hedging, or pricing.
• Strong Excel skills with large datasets; VBA experience preferred.

Responsibilities

• Support Single-Family Whole Loan Conduit trading from commitments through hedging, pooling and execution.
• Monitor pipeline, analyze risk, support hedge decisions and provide analytics to traders.
• Build relationships with dealers to source pricing and market color on MBS.
• Track activity, identify trends, and support strategy execution and desk operations.
• Prepare and submit pools to ensure timely and accurate settlement; resolve trade discrepancies.

Skills

Excel

VBA

SQL

Python

Mortgage markets

MBS trading

Pipeline management

Trading desk experience

Analytical thinking

Attention to detail

Education

Bachelor's degree

Tools

VBA

SQL

Python

Job description

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

As a valued colleague on our team you will play a critical role in supporting a fast-paced mortgage trading desk. Working closely with traders, dealers, and internal partners, you will help ensure accurate trade execution, timely settlements, and actionable market insight. This role offers meaningful exposure to mortgage markets while contributing directly to desk performance and decision-making.

THE IMPACT YOU WILL MAKE

The Whole Loan Conduit Trader Senior Associate role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

• Support Single-Family Whole Loan Conduit trading by managing mortgage pipeline exposure from lender loan commitments through hedging, pooling, and execution.
• Monitor a continuously evolving pipeline, analyze risk and market conditions, support hedge and pooling decisions, and provide timely analytics and execution support to traders.
• Build and maintain relationships with financial dealers and market participants to source pricing and market color on mortgage-backed securities (MBS).
• Monitor market conditions and trading activity, identifying trends and supporting strategy execution.
• Utilize internal valuation, risk, and market data tools to track activity and support analysis.
• Perform core trade operations, including trade entry, validation, confirmation, and maintenance of accurate desk records.
• Investigate and resolve trade discrepancies in partnership with traders and internal stakeholders.
• Support pool creation and downstream execution by preparing and submitting pools to ensure timely and accurate settlement.
• Provide flexible support across the broader mortgage trading platform while developing deeper expertise in pipeline, pooling, and desk workflows.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experience: At least 2 years of relevant experience in trading, capital markets, mortgage finance, financial markets, or a related field. Bachelor’s degree or equivalent experience; Finance, Economics, Mathematics, or a related quantitative discipline preferred.

Desired Experiences:

• Experience supporting mortgage capital markets, including mortgage pipeline management, hedging, MBS trading, pricing, pooling, or related risk management activities; direct pipeline and hedging experience strongly preferred.
• Understanding of mortgage loan commitments and the associated market and interest-rate risk, including how pipeline activity translates into hedging and MBS execution.
• Experience working in a trading desk or other fast-paced, market-driven environment, with the ability to respond to changing positions, market conditions, and time-sensitive requests.
• Experience producing timely reporting and ad hoc analysis, including aggregating large datasets and translating information into actionable insights for traders or other decision-makers.
• Strong Excel skills, including experience working with large datasets, building repeatable reports, and using advanced formulas; VBA experience preferred.
• Exposure to analytical or development tools such as VBA, SQL, Python, or similar, with an emphasis on practical business application.
• Knowledge of agency MBS, mortgage pooling, trade execution, and settlement processes preferred.
• Strong analytical judgment, intellectual curiosity, and interest in developing deeper expertise in mortgage markets, pipeline risk, and trading strategies.
• High attention to detail, strong follow-through, and demonstrated ability to perform reliably in a fast-paced, deadline-driven market environment.

Capital Markets – Market Transactions – Senior Associate This position is designated as sensitive and requires the incumbent to undergo an initial background investigation and periodic re-screenings based on role sensitivity and company requirements. Employees in sensitive positions are required to fulfill a mandatory absence of 10 consecutive business days per calendar year, in alignment with risk management and operational integrity standards.

Qualifications Education: Bachelor's Level Degree (Required)

The future is what you make it to be. Discover compelling opportunities at Fanniemae.com/careers.

For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor.

Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process.

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program).

As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being.

Requisition compensation: 109000 to 142000

Tackle America’s biggest housing challenges using the latest technology and AI, while collaborating with experts in their fields.

As a Fortune 25 company, Fannie Mae expands access to housing across America. Powered by the latest tech and AI, our innovative products and services drive the mortgage industry forward. We believe that prioritizing our people’s growth and success is essential to achieving our business goals and fulfilling our purpose.