UWM

Secondary Marketing Trader

Business Unit
United Wholesale Mortgage
Location
US-MI-Pontiac

 

The Trader will support the day-to-day trading of Agency MBS specified pools and TBAs and overall pipeline management.  The Trader will develop and maintain external relationships with broker dealers and provide market color on trade opportunities, relative value and hedge positioning in addition to collaboration with internal stakeholders.

WHAT YOU WILL BE DOING

  • Responsible for ensuring the Company’s mortgage loan pipeline is forecasted, tracked and hedged properly within the market.
  • Executes daily pool and TBA sales so as to maximize potential returns and minimize interest rate risk exposure.
  • Develops and maintains relationships with the broker dealers. Collects market color, trade ideas and research from the street and implements enhanced processes.
  • Provides Management with ongoing information about relative value, market sentiment, trading environment, trading volume and price volatility.
  • Develops and provides metrics on trading and execution.
  • Provides Capital Market team members with daily market updates.
  • Oversees secondary market duties that aid in the selling and purchasing of loans, streamlining existing processes to facilitate loan sales.
  • Schedules and participates in calls with broker dealers to build relationships and enhance profitability.

WHAT WE NEED FROM YOU

  • Bachelor’s degree in Economics, Finance, Mathematics, Engineering or similar discipline.
  • 2+ years of trading experience in Agency MBS Spec Pools/TBA or other Fixed Income Products.
  • Strong understanding of mortgage capital markets, mortgage-backed securities and overall secondary mortgage market.
  • Proficiency in Microsoft Office suite with advanced Excel skills.
  • Strong organizational, written and verbal communication skills.
  • Team player, attention to detail, self-starter, work ethic.
  • Familiarity with Third Party software programs and analytics used in mortgages; experience working with QRM and Bloomberg is a plus.

THE PLACE & THE PERKS

Ready to join thousands of talented team members who are making the dream of home ownership possible for more Americans? It’s all happening on UWM’s campus, where our award-winning workplace packs plenty of perks and amenities that keep the atmosphere buzzing with energy and excitement.

 

It’s no wonder that out of our six pillars, People Are Our Greatest Asset is number one. It’s at the very heart of how we treat each other, our clients and our community. Whether it’s providing elite client service or continuously striving to improve, our pillars provide a pathway to a more successful personal and professional life.

 

From the team member that holds a door open to the one that helps guide your career, you’ll feel the encouragement and support on day one. No matter your race, creed, gender, age, sexual orientation and ethnicity, you’ll be welcomed here. Accepted here. And empowered to Be You Here.

 

More reasons you’ll love working here include:

  • Paid Time Off (PTO) after just 30 days
  • Additional parental and maternity leave benefits after 12 months
  • Adoption reimbursement program
  • Paid volunteer hours
  • Paid training and career development
  • Medical, dental, vision and life insurance
  • 401k with employer match
  • Mortgage discount and area business discounts
  • Free membership to our large, state-of-the-art fitness center, including exercise classes such as yoga and Zumba, various sports leagues and a full-size basketball court
  • Wellness area, including an in-house primary-care physician’s office, full-time massage therapist and hair salon 
  • Gourmet cafeteria featuring homemade breakfast and lunch
  • Convenience store featuring healthy grab-and-go snacks
  • In-house Starbucks and Great Lakes Coffee Roasting Company
  • Indoor/outdoor café with Wi-Fi

DISCLAIMER

All the above duties and responsibilities are essential job functions subject to reasonable accommodation and change. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. Team members may be required to perform other or different job-related duties as requested by their team lead, subject to reasonable accommodation. This document does not create an employment contract, implied or otherwise. Employment with UWM is "at-will." UWM is an Equal Opportunity Employer.

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