United Shore

Associate Trader- Capital Markets

Business Unit
United Shore
Location
US-MI-Pontiac

 

The Associate Trader will support the day-to-day trading of Agency MBS specified pools and TBAs.  The Trader will develop and maintain relationships with the broker dealers and provide market color on trade opportunities, relative value and hedge positioning, along with potential back office support.

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 Bond 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.
  • May lead and direct junior team members

WHAT WE NEED FROM YOU

  • Bachelor’s degree in Economics, Finance, Mathematics or applicable area
  • 2+ years of trading experience in Agency MBS specified pools & TBA
  • Strong understanding of mortgage capital markets, mortgage-backed securities and whole loan purchases and sale
  • Proficient in Microsoft Office Applications with Advanced Excel skills
  • Strong organizational, written and verbal communication skills
  • Strong work ethic, self-motivation and drive
  • Familiarity with software programs and analytics used in mortgages; experience working with QRM a plus

THE PLACE & THE PERKS

United Shore is a diverse group of over 4,000 mortgage experts, sales superstars, tech gurus, marketing whizzes and more. We’re a $41 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:

  • Large, state-of-the-art fitness center with a full-size basketball court, outdoor sand volleyball court, plus Zumba and yoga classes
  • 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, and a dedicated food truck 
  • Free fruit, soft drinks and coffee
  • Convenience store featuring grab-and-go snacks
  • In-house Starbucks and indoor/outdoor café with Wi-Fi
  • Escape room designed for team-building activities
  • Indoor/outdoor putting greens

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 United Shore is "at-will." We are an Equal Opportunity Employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

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