United Shore

  • Jr. Trader

    Business Unit
    United Shore
    Location
    US-MI-Pontiac
  •  

    The Jr Trader will be required to cover a broad area of responsibilities within Secondary Marketing, which may include daily trading of pools and cash commitments, supporting the AOT & Gestation processes, entering trades into the risk management model and working with the modeler to maintain assumptions in QRM.  Expected to perform multiple functions across the Secondary Marketing area, inclusive of routine operational work and trade support, with direct supervision.

    WHAT YOU WILL BE DOING

    • Bachelor’s degree in Economics, Finance, Mathematics or applicable area
    • Minimum 6mos-2 years related experience
    • Beginner experience using Excel, with ability to utilize PIVOTs, vLookup, & other analytical functions
    • Attention to detail and ability to follow established processes
    • Must be coachable, able to take direction and feedback and have a willingness to learn

    WHAT WE NEED FROM YOU

    • Responsible for backing up the daily hedge process
    • Real-time risk management by entering, checking, and maintaining records of trades within risk management system
    • Supports all trade related activity, including setting up new investors and supporting any investor requests for information
    • Start and end of day position reconciliation
    • Assist with trading whole-loan commitments
    • Responsible for the GNMA Gestation process & associated paperwork
    • Learn proprietary methodologies and trading systems that support an established trading business
    • Updates processes & procedures, creating work flows & enhancing documentation
    • Oversee and improve day to day processes as needed
    • Assists with the maintenance of the risk management (QRM) models
    • Further responsibilities may be driven by the individual’s interests and specific skills

    THE PLACE & THE PERKS

    United Shore is a diverse group of over 2,700 mortgage experts, sales superstars, tech gurus, marketing whizzes and more. We’re a $30 billion and growing, family owned and operated company that still feels like family. Our award-winning workplace just happens to be home to the #1 wholesale mortgage lender in the nation, United Wholesale Mortgage. And we believe in setting our team members up for success by creating a unique, energetic culture where you can be yourself and still reach your professional goals.

     

    Here are some of the reasons you’ll love working here:

    • Free fruit, soft drinks and coffee
    • Gourmet cafeteria featuring homemade breakfast, lunch and a stationary food truck featuring $1 sliders
    • Wellness area including an in-house primary-care doctor’s office, full-time massage therapist and hair salon
    • Large, state-of-the-art fitness center with a full-size basketball court, outdoor sand volleyball court, plus Zumba and yoga classes
    • Convenience store featuring grab-and-go snacks
    • In-house Starbucks and indoor/outdoor café with Wi-Fi
    • Lawn vouchers to concerts at DTE Energy Music Theatre
    • Escape room for team-building activities
    • Indoor/outdoor putting greens
    • Bicycle-sharing program with bike and jogging paths

    DISCLAIMER

    All the above duties and responsibilities are essential job functions subject to reasonable accommodation. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. Employees may be required to perform any other job related instructions as requested by their supervisor, subject to reasonable accommodations. This document does not create an employment contract, implied or otherwise, other than an "at will" employment relationship. United Shore Financial Services is an Equal Opportunity/Affirmative Action Employer.

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